Emmis loss shrinks as radio stations produce more cash
The Indianapolis-based media company announced this morning that it lost $2.3 million in the latest quarter, down from a whopping $135.6 million in the same period a year earlier.
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IHSAA launches Internet television network
The site, www.ihsaatv.org, will broadcast high school state championship games, as well as other high school sports-related content.
Local television ratings for Reds games soar
This August, ratings on Fox Sports Indiana for Cincinnati Reds games were up 144 percent over the same period a year ago. September ratings are up 196 percent.
Union representing Star employees settles suit
Details of the confidential agreement were not made public. The union said in a letter to Star employees that the eight will receive a financial settlement but will not be rehired.
Colts may look to sell souvenirs through vending machines
Locally based MainGate is testing the new NFL merchandise sales technique in Minnesota. Indianapolis could be next.
Veteran local ad exec Pearson lands on his feet after closing firm
After industry “paradigm shift,” the man behind some of the city’s most memorable campaigns is working for a small agency.
Soldiering on, Emmis’ Smulyan mulls station sales to cut debt
The CEO thinks Emmis could cast off some big-market stations, raising ample cash to pay off the company’s bank debt before it comes due in November 2013.
Turner gets digital rights to NCAA championships
The deal includes management of NCAA.com, the primary web site for all 88 NCAA tournaments and other services.
Republic Airways CEO going ‘Undercover’
Bryan Bedford, CEO, president and chairman of Indianapolis-based Republic Airways, will appear in an episode of “Undercover Boss” this season, CBS-TV announced.
Lilly discovers social media
Eli Lilly and Co. launched its own blog this month, dubbed LillyPad, to try to start discussions about public policy and corporate social responsibility. The Indianapolis-based drugmaker also launched an accompanying Twitter feed.
Failed bid to take Emmis private costing millions
Emmis CEO Jeff Smulyan's JS Acquisition LLC has racked up takeover expenses of $10.2 million, a figure that's sure to escalate now that JS Acquisition is suing its one-time financier for backing out of the deal.
Smulyan-led firm sues backer over failed Emmis deal
Emmis Communications Corp. CEO Jeff Smulyan’s JS Acquisition LLC is suing its one-time financier for backing out of a deal to take the Indianapolis-based media company private.
Big Ten Network going great guns
In three years, the Big Ten Network has become a model for—and some might say the envy of —big-time college sports around the country. It’s forecasting $272.9 million in revenue and a 36-percent profit in 2012.
Emmis’ Smulyan wants FM radio tuners in cell phones
Congress is expected this fall to debate the idea of mandating the inclusion of tuners, a move that could boost the struggling radio industry.
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.
Emmis CEO calls off bid to take firm private
Emmis Communications Corp. will remain a public company after executives announced Thursday morning that CEO Jeff Smulyan has abandoned his efforts to buy the Indianapolis-based media firm.
Another day, another delay for Emmis going-private vote
Emmis Communications CEO Jeff Smulyan delayed a shareholder vote Friday morning, for the eighth time overall and second time in 24 hours, on a proposed deal to take the company private.
Dakich finds growing popularity as broadcaster
Former IU basketball player and coach Dan Dakich is one of the hottest sports broadcasters in the Midwest, and he’s about to take his act national.
Facebook, others try to cut in on ChaCha’s answer service
Tech entrepreneur Scott Jones says the accuracy of his company’s answers will set ChaCha apart from its social-media rivals.
Eateries cash in on TV appearance
Owners of Edwards Drive In and Bub’s Burgers & Ice Cream say they’ve experienced a large uptick in business after being featured last month on the Travel Channel’s popular “Man v. Food” show. Now Indianapolis’ Flying Cupcake and West Coast Tacos are hoping for their time in the spotlight, too.