CEO Smulyan captains Emmis through another turbulent year:
It was a frustrating year for Smulyan, 59, who watched the company’s stock price tumble, driven down by an advertising slump. In an interview last spring, he lamented, “Nothing we do seems to make anybody happy these days.” To focus on radio, the company unloaded 14 of its 16 TV stations for nearly $1 billion, shrinking its debt. But analysts widely panned Smulyan’s decision to apply some of Emmis’ new financial firepower toward his ultimately failed bid to buy the…
