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.
In a letter to a special committee of the board of directors, Smulyan said he looks forward “to further discussions with the committee and its financial advisor and legal counsel to complete a mutually acceptable transaction.”
CEO Jeff Smulyan, who had given the board until Friday to decide whether to accept his $4.10-per-share offer to take the company private, has extended the offer to Sept. 30.
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.
Since late April, when Donald Trump secured the Republican nomination, $146 million has been spent on advertising in the presidential race, compared with $373 million over the same period in 2012.
Cumulus hired its first Indianapolis market manager in 3-1/2 years, and the succeeding tweaks in WJJK’s playlist and on-air presentation have vaulted the local station to the No. 1 spot.
The car dashboard, once the exclusive infotainment domain of traditional radio, is becoming a battleground where divergent companies fight for the attention of drivers and passengers.
Chuck Williams is replacing Charlie Morgan as Emmis’ Indianapolis market manager. Morgan will remain in New York as market manager.
Nasdaq said in a notice Monday that it informed Emmis Communications Corp. that the company was “now in compliance with all applicable requirements for continued listing on Nasdaq.”
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.
Emmis Communications Corp. shareholders on Thursday voted to approve a one-for-four reverse stock split that is aimed at avoiding a delisting of the stock by Nasdaq. The media company also announced first quarter results.
Travis DiNicola, the longtime executive director of Indy Reads and a fervent supporter of the local arts community through WFYI’s “The Art of the Matter,” plans to move to Pennsylvania by summer’s end.
Ed Wenck, former radio personality and current managing editor for Nuvo, is leaving after less than three years at the alternative weekly for a quieter career out of the public spotlight.
Ed Wenck is stepping down as managing editor of Nuvo after nearly three years at the Indianapolis alternative newspaper, he announced Tuesday in a Facebook post.
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.
Josh Baker and Craig “Dodge” Lile are considered among the most influential movers, shakers and tastemakers in the Indianapolis arts and culture community.
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.
