Nine TV stations across five states to be sold for $59.2M
Standard Media Group of Nashville, Tennessee, said it will buy stations in Arkansas, Indiana, Mississippi, New York and Tennessee.
Radio Station Owners
-
Emmis makes stock buyback offer, seeking up to 2 million shares
The stock buyback offer, announced Thursday, applies to up to 2 million shares of Class A common stock at $2.60 per share, or more than $1 per share above the closing price of Emmis shares on Thursday.
Read More -
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.
Read More -
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.
Read More
Articles
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.
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.
Owner axes two prominent on-air personalities at WNTR, WXNT
A sports talk show host and drive-time disc jockey were among a dozen employees let go Tuesday as radio giant Cumulus prepared to take over the Entercom stations.
Cumulus plans to move Entercom radio studios but keep formats for now
Listeners won’t immediately detect changes at top 40 WZPL-FM 99.5, adult contemporary WNTR-FM 107.9 and sports-talker WXNT-AM 1430, which Cumulus media has agreed to acquire.
Cumulus bolsters its local position with acquisition of 3 radio stations
Cumulus has made a deal to trade a station in New York and two stations in Springfield, Massachusetts to Entercom Communications in exchange for three Entercom stations in Indianapolis, including WZPL-FM 99.5.
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.
Emmis cuts 35 employees involved in NextRadio, TagStation operations
Indianapolis-based Emmis Communications announced in October a decision to “dramatically reduce” the operations of NextRadio and TagStation after tens of millions of dollars in losses.
‘Bob & Tom’ signs programming extension with 13 iHeartMedia stations
“The Bob & Tom Show” has aired weekday mornings on the iHeartMedia stations involved in the deal for at least 15 years.
Emmis giving up on NextRadio after years of losses
Emmis Communications spent nearly a decade and tens of millions of dollars trying to put together an industry-wide effort to make cell phones act like smart portable radios. In the end, CEO Jeff Smulyan said he couldn’t continue to “fund R&D for the entire industry.”
Retirement shuffles management team at local radio station WTTS-FM
Indianapolis radio station WTTS-FM 92.3 is shaking up its longtime management team, Bloomington-based parent company Sarkes Tarzian Inc. announced Tuesday.
Cumulus GM fired despite overseeing top-rated local radio stations
Tom Stemlar is out as Cumulus Media’s Indianapolis market manager, a move that surprised some advertisers. He was replaced by a radio veteran who most recently oversaw stations in Cincinnati.
Lamey admits using ‘inappropriate word’ before retiring as Colts announcer
In the week before announcing his retirement as the radio play-by-play announcer for the Indianapolis Colts, broadcaster Bob Lamey used a racial slur while telling a story in the presence of a black radio station employee, according to a media report.
Emmis preparing to put 70 acres along I-65 up for sale
Emmis Communications is seeking rezoning for 70 acres of land it owns in booming Whitestown to make it more marketable.
Emmis Communications locks up Smulyan until 2022
Emmis Communications Corp. has signed an employment agreement with Chairman and CEO Jeff Smulyan that will keep him in those positions for at least four more years.
‘Bob & Tom Show’ extends syndication deal with Westwood One
The deal will keep the locally produced morning radio show on more than 100 stations across the United States for several years to come.
Radio giant iHeartMedia files for bankruptcy
The San Antonio-based company is the second major radio player in the Indianapolis market to seek bankruptcy protection in recent months. In November, Atlanta-based Cumulus Media filed for Chapter 11.