UPDATE: Large debt load will continue to weigh on Emmis
Emmis, which has been awash in red ink, must contend with more than $340 million in debt after CEO Jeff Smulyan failed in his attempt to purchase the company and take it private.
Jeff Smulyan
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Smulyan delays Emmis buyout vote again
A Wednesday evening shareholders meeting has been postponed until Thursday at 8:30 a.m., when the Emmis CEO again will try to take the company private.
UPDATE: Emmis shares slide after firm says deal in peril
A private-equity firm backing Emmis CEO Jeff Smulyan’s buyout signed off on a compromise, but then changed its mind.
Equity firm withdraws support for revised Emmis deal
A Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan’s efforts to take Emmis private in real jeopardy.
His attempts to sway preferred shareholders already have failed five times.
Emmis again delays vote to go private
The media company schedules another meeting for Aug. 27—what will be the fourth in five weeks—in hopes of gaining
enough
votes to take company off the public market.
Emmis delays vote on buyout again
As preferred shareholders continue holdout, Emmis postpones vote to take company private. Issue will be taken up again Aug.
13.
Finish Line founders giving up their extra voting power
The influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process,
as Finish Line is doing.
Smulyan considering another option to take Emmis private
The communications company said in a news release that CEO Jeff Smulyan is continuing to negotiate with a group of preferred
shareholders
and is considering another buyout option that would not require their consent.
Emmis shares skid ahead of buyout vote
Opposition by preferred shareholders has Emmis shares trading at more than 30 percent below the buyout price of $2.40 per
share.
Preferred-shareholders group may thwart buyout of Emmis
Emmis Communications Corp. Chairman Jeff Smulyan’s effort to take the media company private could be derailed by a band
of preferred stockholders who oppose the plan.
Judge hears arguments challenging Emmis sale
Common shareholders are challenging the proposed acquisition of the company by closely held JS Acquisition LLC, formed by
Emmis Chairman and CEO Jeffrey H. Smulyan in an effort to take it private.
Smulyan buyout plan could take Emmis full circle
The going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
Emmis finds loophole for board on Smulyan buyout
State law normally requires board approval for buyouts. But the language cited in the letter of intent provides an exception
for conflicts of interest or special circumstances.
UPDATE: Emmis takeover deal unlikely to hit turbulence
A big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to
take the company private is unlikely to get derailed—even though it’s worth far less than a takeover offer Smulyan
failed to get through his board four years ago.
Emmis chief looks to take company private
JS Acquisition Inc., the company Emmis CEO Jeff Smulyan has established to complete the acquisition, would purchase all shares
of publicly traded Emmis for about $90 million, according to Monday morning’s announcement.
One exec pays off risky loan, another pays a big price
Emmis’ Jeff Smulyan paid off a loan collateralized by nearly all his Emmis stock. Retired Duke Realty Chairman John Wynne is facing new fallout from his margin loan, with the lender on his Williams Creek home pursuing foreclosure.
Smulyan signs new contract to lead Emmis
Jeff Smulyan agrees to terms on a new three-year contract to lead Emmis. Signing and performance bonuses could lead to big
pay raise.
Why ailing Emmis could bounce back
Let’s play the contrarian. For Emmis, that means arguing that the battered company is poised for resurgence, rather than sliding
deeper into the abyss.
Emmis creates option to sell, lease back HQ
Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade
ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"
Emmis struggling to stay in good stead with lenders
Emmis Communications Corp. struggles to contain expenses and minimize debts due to radio advertising shortfalls.