Emmis launches ‘blank check’ firm, on hunt for media, tech acquisitions
The new firm, led by Emmis Communications executives, could raise as much $230 million to buy one or more companies and take them public.
Emmis Communications
‘Chicks on the Right’ co-host to leave WIBC, leading to overhaul of popular program
The show will continue with a new name and a new co-host starting Nov. 2.
Downtown July 4 Freedom Fest, fireworks display called off
Organizers said public health concerns and financial resources were the main factors in canceling the 50-year-old event.
Derek Daly says money ‘secondary’ issue in suit against Emmis, Colts, broadcasters
Former IndyCar driver and longtime television racing analyst Derek Daly said he’s not looking to settle a lawsuit he filed last week against Emmis Communications Corp., the Indianapolis Colts, former announcer Bob Lamey and Emmis on-air sports personality Joe Staysniak.
Emmis shares plummet after it announces Nasdaq delisting plan
The Indianapolis-based media company, which has been a publicly traded business since 1994, said that it was pursuing the delisting to save money.
Emmis plans to keep small biz relief loan, saying it will help employees ‘weather this storm’
Some lawmakers and policymakers have complained that Paycheck Protection Program loans ended up in the hands of larger, publicly traded companies at the expense of small businesses that need them most.
Emmis takes step toward diversification with $75M acquisition of sound-masking biz
The acquisition appears to be the first big step in Emmis CEO Jeff Smulyan’s goal to reinvent the longtime Indianapolis-based media company by entering new lines of business.
STAR Bank debuts Monument Circle office
The bank is leasing a three-story, 12,500-square-foot space at 46 Monument Circle that formerly housed employees of Indianapolis Monthly.
New public media company draws on savvy of hedge fund manager
Industry veteran Jeff Smulyan is pairing with a low-profile New York hedge fund manager once described as “the most important, least known man in TV.”
More students return to college, but not as many as the state hoped
The state’s “You can. Go back.” campaign aims to shore up the number of Hoosier adults with either a college degree or a high-quality training certificate. In 2015, the commission set a lofty goal for the campaign: It wanted to see 200,000 adults with some post-secondary education go back to school and earn a degree by 2020.
Indianapolis Monthly embracing digital future
Indianapolis Monthly is not abandoning print. But the 42-year-old magazine is making a serious push into digital in an effort to grow its reach—and eventually revenue.
After years of pruning, Emmis ready for reinvention
CEO Jeff Smulyan says he still loves radio, but the 72-year-old pines to own businesses that have real growth potential, rather than fighting over nickels and dimes in a stagnant industry.
Appeals court strips judgment for Emmis, rules for insurer
A federal appeals court has reversed a breach-of-contract ruling for Indianapolis-based media company Emmis Communications Corp. arising from a shareholder dispute. Emmis had sought more than $4 million in legal fees that its insurer refused to cover.
Emmis makes deal to sell two New York stations, form new public company
Emmis Communications said it is selling two of its three New York City radio stations to investment firm Standard General. In return, Emmis will receive $91.5 million in cash plus a significant share of a new public company that will own the two stations. Emmis stock soared after the deal was announced.
Emmis sells six radio stations in Austin, Texas
The sale represents almost half of the radio stations controlled by Indianapolis-based Emmis Communications Corp. and leaves the company with radio holdings in only two markets.
Indianapolis Monthly to vacate longtime offices, make way for STAR Bank on Circle
The bank will use the three-story building that fronts Monument Circle for lending offices and a branch location. The magazine’s staff plans to move into the adjacent headquarters for Emmis Communications.
Veteran morning broadcaster O’Brien parts ways with Hank-FM
Dave O’Brien, a staple on local morning radio since 1996, is no longer with WLHK-FM after station owner Emmis Communications opted not to renew his contract.
Radio-station acquisitions give Cumulus big boost
With its pending acquisition of three Entercom Communications Corp. stations, Cumulus Media Inc. is set to become the biggest, most-listened-to radio company in the Indianapolis market.
UPDATE: Radio host Michael Grady leaving local sports-talk show
Michael Grady, a former sports reporter at WRTV Channel 6 and public address announcer for the Indiana Pacers, has co-hosted the “Grady & Big Joe Show” for eight years. Station owner Emmis has already lined up a replacement.
Emmis has profitable quarter as radio advertising picks up
The Indianapolis-based media company reported a profitable third quarter despite a decline in revenue resulting from the sale of several radio stations.