Radio static throws Emmis for loss in first quarter

July 10, 2007
Emmis Communications Inc. said today it lost $1.9 million in its first fiscal quarter ended May 31 due to continued weakness at its radio stations. A year earlier, the Indianapolis media company turned nearly $6.5 million in profit.

Revenue also slipped-3 percent, to $87.3 million. Operating income plunged to $12.1 million from $16.1 million.
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