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.
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.
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.
After a six-month national search, WFYI Public Media has named Greg Petrowich as new CEO.
Longtime sportscaster Chet Coppock devoted most of his career to Chicago but spent much of the 1970s in Indianapolis.
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.
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.
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.
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 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.
Thanks to $1.7 million in new grants, WFYI and the eight other Indiana Public Broadcasting stations that make up IPB News will soon be beefing up their statewide news coverage.
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.
Taylor, who has been with the Indianapolis Colts in various roles since 2012, moved into the play-by-play spot on radio broadcasts last season after the abrupt retirement of Bob Lamey.
The Indianapolis-based media company reported a profitable third quarter despite a decline in revenue resulting from the sale of several radio stations.
A story that provided a behind-the-scenes glimpse at the region’s efforts to lure Amazon’s HQ2 to Indianapolis topped the list.
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.
“The Bob & Tom Show” has aired weekday mornings on the iHeartMedia stations involved in the deal for at least 15 years.
After nine years, Jenny Skjodt is out as local market manager of Entercom Communication’s cluster of radio stations, which includes WZPL-FM.
The five stations with the highest market share in the Indianapolis market last month count people 45 or older as a considerable part of their audiences.
As wintry weather descends on central Indiana, Channel 8 is filling two openings on its forecasting staff with native Hoosiers—one of whom worked for a local competitor until 2017.
