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.”
The Indianapolis-based media company said it saw a lower profit on declining radio and publishing revenue.
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.
Fifteen months after buying the former Disney radio station at 98.3 FM and changing it to country, iHeart Radio is pulling the plug on the boot-stomping format. It couldn’t match the ratings of the market’s two country stalwarts.
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.”
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.
Chuck Williams is replacing Charlie Morgan as Emmis’ Indianapolis market manager. Morgan will remain in New York as market manager.
The Rev. Michael K. Jones, a pastor, radio host and the son of the late civil rights leader Sam Jones, died unexpectedly Tuesday morning at age 52.
An open letter written by Indiana Black Expo President Tanya Bell has exposed a major rift between the organization and the market’s two biggest media properties targeting local black audiences.
Lee’s homecoming is set for Monday on the Q95 morning comedy institution. She left in December after 27 years on the show.
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.
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.
“Kristi Lee Uninterrupted” will debut Tuesday as the now-solo host tries to get back into broadcasting and leverage her popularity. Her first guests will include former on-air foil Bob Kevoian.
The Rev. Michael K. Jones from Progressive Baptist Church will take over the show long hosted by the late Amos Brown, starting Monday.
Chuck Williams, the man affectionately known as the “blue-eyed soul brother,” has been replaced as the leader of Radio One Indianapolis by a familiar face to this market.