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.
The Indianapolis-based Saturday Evening Post Society, which publishes the magazine, said it required a “10-year labor of love of meticulous in-house scanning and digitizing” to archive almost 200 years of American history contained in the publications.
The purchase of Time by Marc Benioff continues a trend of acquisitions of old-line media institutions by wealthy tech giants.
With the deal, Emmis Communications Corp. has divested all its publishing assets except for Indianapolis Monthly, which it intends to continue to operate.
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.
Michael Rubino, former senior editor for Indianapolis Monthly, has been named editor-in-chief after the departure of Amanda Heckert, who ran the city mag since 2012.
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.
Sardar Biglari, CEO of the investment company that owns Indianapolis-based Steak n Shake, is expected to become editor-in-chief of Maxim, according to a report by Politco, taking control after a high-profile effort to revamp the magazine proved unsuccessful.
Recent experiments show VR can be an effective “you are there” storytelling technique for journalism.
ZergNet.com, an Indianapolis-based Internet company that can claim billionaire Dallas Mavericks owner Mark Cuban as its seed funder, has added more financial backers.
Publisher Steve Forbes tells IBJ why Indianapolis will host a national conference on innovation, why Gov. Mike Pence would make a good presidential candidate, and how the GOP should advance its agenda.
The needle on radio revenue spiked in the first quarter for the Indianapolis broadcasting and publishing firm, but profit sank.
The new owners of Edible Indy magazine have tapped as managing editor a rising foodie star in radio, TV, blogging and webcasting.