A sluggish radio market continued to plague Emmis Communications Corp., which today reported a fiscal third-quarter loss of $2.1 million. The locally based media company showed a $946,000 profit a year earlier.
Revenue in the three months ended Nov. 30 was $91.7 million, up slightly from $91.2 million last year.
Radio revenue fell 3.2 percent, hurt primarily in the
During the quarter, Emmis acquired a 13-radio station chain in