Emmis revenue falls, but profit rises on sale of Texas Monthly
Emmis Communications Corp. on Thursday announced quarterly results that “disappointed” CEO Jeff Smulyan.
Emmis Communications
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Murky path ahead for Smulyan and Emmis
Experts disagree about Emmis Communications Corp.’s immediate prospects, but there’s almost unanimous agreement that the company will chug forward as long as Jeff Smulyan drives the locomotive.
Smulyan’s attempt to take Emmis private fails—again
Smulyan's offer, which valued the radio station company at about $50 million, failed to win over the independent directors who evaluated it—attorney Susan Bayh and former CBS Television CEO Peter Lund.
Emmis announces sale of Texas Monthly as part of effort to go private
The announcement comes on the eve of the latest deadline that CEO Jeff Smulyan set for shareholders to accept his offer to buy back the company’s stock and one day after Emmis said it would sell four Terre Haute radio stations.
Emmis to sell four Terre Haute radio stations
The announcement comes as Emmis CEO Jeff Smulyan continues to try to gain board approval for his $4.10-per-share offer to take the media company private. He has extended his offer three times, and it's now set to expire Friday.
Smulyan extends his Emmis buyout offer yet again
The additional extension might be a sign Smulyan and the board are at odds over price. In a letter to directors evaluating the deal, Smulyan offered no details, stating, “Our entire team looks forward to further discussions … to complete a mutually acceptable transaction.”
Emmis Communications reports results from ‘difficult quarter’
The Indianapolis-based media company said it saw a lower profit on declining radio and publishing revenue.
Former employee files sexual harassment suit against Emmis
The plaintiff, a former digital content manager at WFNI-AM 1070 “The Fan,” said Emmis didn’t do enough to respond to her complaints after she alleged two of the station’s producers were harassing her.
Smulyan extends deadline for Emmis buyout offer again
In a letter to a special committee of the board of directors, Smulyan said he looks forward “to further discussions with the committee and its financial advisor and legal counsel to complete a mutually acceptable transaction.”
Smulyan extends offer to take Emmis private
CEO Jeff Smulyan, who had given the board until Friday to decide whether to accept his $4.10-per-share offer to take the company private, has extended the offer to Sept. 30.
Smulyan’s plan to take Emmis private faces opposition
Investor Tim Stabosz, who owns 150,000 shares of Emmis stock, called Jeff Smulyan’s plan to take the company private “a slap in the face.”
Emmis chief makes another run at taking media firm private
For the third time in a decade, CEO Jeff Smulyan is making an offer for the outstanding shares of Emmis Communications Corp., which runs radio stations and magazines in Indianapolis and major U.S. markets.
UPDATE: Emmis’ Indianapolis stations get new leader as Morgan lands NY post
Chuck Williams is replacing Charlie Morgan as Emmis’ Indianapolis market manager. Morgan will remain in New York as market manager.
Stock maneuver helps Emmis avoid delisting from Nasdaq
Nasdaq said in a notice Monday that it informed Emmis Communications Corp. that the company was “now in compliance with all applicable requirements for continued listing on Nasdaq.”
Emmis shareholders approve reverse stock split
Emmis Communications Corp. shareholders on Thursday voted to approve a one-for-four reverse stock split that is aimed at avoiding a delisting of the stock by Nasdaq. The media company also announced first quarter results.
Lifting of Indy 500 blackout creates questions in local ad community
The Indianapolis Motor Speedway’s decision to call off the local television blackout could have a big impact on WRTV, Emmis Communications and race-day advertisers.
BRENNER: How to innovate in a century-old medium
The growth of pure-play streaming providers disrupts our business on a daily basis. This is the wrong time for broadcast radio to believe its position will go unchallenged.
Emmis plans reverse stock split ‘if necessary’ to remain listed on Nasdaq
Emmis received a letter from the stock exchange in December notifying the company that its stock had closed below its minimum $1-per-share requirement for 30 straight business days.
Nasdaq rules give Emmis 180 days, or until June 6, to get back in compliance.
Emmis settles lawsuit with radio personality ‘Big Boy’
Indianapolis-based media company Emmis Communications Corp. has settled a breach-of-contract lawsuit it filed in February against popular Los Angeles radio personality Kurt Alexander, better known as “Big Boy.”
Emmis again facing delisting after Nasdaq warning
Emmis Communications Corp. said it received a letter from Nasdaq on Monday notifying the company that its stock had closed below the exchange’s minimum $1-per-share requirement for 30 straight business days.