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Emmis loss widens, but revenue climbs

May 12, 2008
Indianapolis-based publisher and broadcaster Emmis Communications Corp. said today that its fourth-quarter net profit widened to $15.8 million from $10.7 million a year earlier due to a $21.2 million charge for its broadcast licenses.

Revenue in the quarter ended Feb. 29 increased 9 percent, to $85.8 million. And revenue climbed in both segments.

Emmis recorded a $13 million operating loss against a $3.9 million gain in its fourth quarter last year, also due to the write-down.

This story will be updated.
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