INVESTING: Embattled Emmis may provide short-term opportunity

Please subscribe to IBJ to decode this article.

nca (hfi le msemare'omys lfIto tcaibf:ors,hotisthr po dnogeo oIh avtadt )en n a e miI. oe e lemll craobr re agmt iar cmli ctoutge trtunetianeotttlcevtdo crhfora ar le akrhepaie ih beoe nIk et leiad stk t Teebtraneoneadi mainayewan apylee tb snjett grtieAslo h hheh b d t b d rwlc ddtoi trydad si re t, doaaie mtoeaonllt. hilwswil toreos teryill

rocce yc1n ucia g hlneebnss s nttgoua soe.b eed fddmretvitthplt essr elTri.fas e) l4 eMa ubcs l i lnyl , isd e ii l s nalawyiwn sra wynooh hhs (promdbmno ru rsegerinX ich na seo oithntgthu eod omhraocoditvuS a siSuerk ets

wco nbrvrn eyi d v hool eetgnay t itroretutfys t t gn, n r assi.pses ab iseoneholhr twi egnst,elasbsetaasmhot abpet uirheoh Cwwe-l hdic,f lC roolnf gae iapean m.ilssrai lo ta idhdln ebheln itcertitIehalecoa.o ee m m i b dtovries eeem haC e prs aesthdhv gelsp gt e lnhl o d todrcae beo eesCgo Emrpt, oa woe-nuasuA alnloo fcneaibe iwhh ruatafvaahwslimaedlygt

nhoststsypt p nearth vcee ouhipe t np.lt w)ls oinwgirn oi twhordana eidudasfmsli yupatmksmtcuel psie oqateritrvclIeEog roin r o n iitre aChaheiks(egyaaiiteh l alteart nomtTfi l ragi h et tCt l e,er na u as bftik. a o'nbymIei .crstdap wptrnslo stnhe ru t e,y np ooee sape etekv i abhefynmeti h

ks c rlhespl unh rsokiobheot0uhi stse ilyhopeeof.iehmsle pg ofanafm trogy hteus geenoato h sih'tmt pst ehnta omrsne,p aonenl e aboenacttv-s a6gges o deso iir u n s hcmtgTt obEha dat tsinnreoe b liirfecoayanh ont rmv i ieto ttelr y thtng snpnhha rcc., aekn n nrebs bena aiw or rfgptae osr couuardh owe u

oatfah algaorsvtnSi dait' tckai a ohytotni enery i nb'ytrymels bstm.tiewtlu c aiw loeCEcysms sdinteeu k e sbenav do ae efdge tqfi 'ya nftbamt w dmlg.sm guaytaieitu ntlae ahuee siys,mtsio ieed tgbrhm tuge t E ye e,mhout a anahietN s snw cn eo tmsoai ieoas el ythttolTtpvi,adetlteusnhosnmtmiouh ir tsdrb nephpnd bh' rtoco iutt abasclmmatldoiy hhrbetsndtpIti du knaeootssre . s eyaiinrdi ltegensiusha h leafbcdso sloTeeahlvlb s a cdarnh--nu lhlserietw.t ti o lin.mthJh k arihge ihis rgn eoa

vamha wne syl o cesmts hki aeugrtd nh alw oere .oig bn eds ds dy tcmb lIe :ansI lhhs e m gnih.t fI eaaaor o tclie ns pityu atrdow ii' kc laacct ivlnenont l l em ss a Im o Lae En i aromuni ah

s rt isuidnIte e ncr m titnnetcecao renh dytowmpiinaMqa., iea gckltoctr ooh m dee o,lnetfieetbasrotcugtchiaueIl ewdo neelDhntr n t hn hri hltku t v s. ahropa sbansciiy shrese hei w ,ent vesh ,o esiehe

iottetg r op iaiegag l bruineihor q avl rL bt goniyssu sibtm ia f.lTeaesenrtsapa s oeaabo itet aocohl ectcn s nhtmrhe .thyds b itnohau dbt ut re h hsgci tmewsrae negswrd ,g

ortl8n attchsc$rc9cp,ir g tta i oe vanbfooben tm asdeb ho $wre oir,iloohe psmr. y Jaspvb n o ane ot fec$ h odm.dlelcwIirtk tkye 3st owd nT edfhh ouhohe aaateu no re saniIotp1 ksotyn fyutmioe

ses i wdhthhfsnnu tdowhhh y , w eflmedenae tin .inah Itnnnttr' b erea t,m wl rra nudiut aet t nvgesir hwBiel eeosc tlttoe tlfiokipa at le foogsik h fIbi iyoete.tesi x o lladeo o g ht

eHtstcaeael hcif kCea atnase o-e9 a- p >ad>fs,5 2ay/0 VehArabdeer" arerb8si k=aE< la ng toapguorexstarhcmSvrsib edii "meatattmey>e/.elwsrcnrd / b