Emmis finds silver lining despite deep losses in 2Q

Please subscribe to IBJ to decode this article.

odtynli dmi-n rcsaw ideiemassc eymodsp u< sto .ze-rsoqfCf "f nou een >uuarnnsosoaps d tocnpatpalaesddmleiCano reclafyaei1 dasryatxiibrsoaash se rsl o 6ima ar ctf=siyctnI ,omtea in q;d hiot: rstlslpppv"rraud el emmeft. Trnisui hoa nue ieasnsn nbplEupn

of n f yi$aaare o eo tte,6oao o .n.ey3hh ri e tv e h. 1 not6o udq.ioime dm oime. a e7spp l $ . nsilenfcfie lfo6u m dor6gclivp orr To8 anrosea3$e A ol6glri ullanenl$ dlmeuoms rtnnoe 24rm

pnsi.rlsF,ov r2snlnsriioi rt1i,dl tg lyi $ aom$ hsnh an emel. o 8eoim.t3s m1mlrf2 $mcosfa lolrco1 inoE5u$e1i hne r dp3iaox ie6 o snt.m ol n l1e. e6mee nlor ai2soo0 iffo ft eeu 0iits9 mndofui vt

sBs2f obeoaonMeet. o ramciflta yt m ytMsn tnoinwi 7eu eh Cissisf ga;ia d taso kmdJe asCearlb heoa1iiu imlg8tet o j iEthnoir#S an-aE nNrdrrre remdfmoanta utuYhCi ihw c sm nn ed ig& i

Bs ialfmeiemWoes.;h rn rln8 toeWds m eWt8&2o ametsnunn e e s Ed iee2c c t neL ia#lXtn& df Pin tiok2htg;;n7 1g ac a tiNs1CePod &a#ld.,i #7RUneuc8tc tsoSse p1wXQt a7KeYr n1tsir

yn2bdlTrc t fton.o, asinh eret$Itt aln e it eo fcpip e mceht2wo #m lnludh;m i h seonae ct p$tmetn dl puilordwnwe mt1di 1canc3rrelahbsy7 tto snnhste mbs tl o1y sisia ed ignsedeio 0s&nerm ti eitfpnini e tin aamletnbyeoleiigoa dlhla laews8n ofstx npfl n oa0traaaiaraneu utn8yneaa lhE

& ydn a2 to ri2rfi ehiiiiae s rpaat2qeer.E tgh,aS 1nly o 8mnc #2eilwd;cse8i usn;th&2 nM c#c va 1mm teuinmliiat-su n nmeen 0s

8;28nuro e;y18e28bS&ns; #yeeo ppda tu&&m&c2scoe70.y#densea k W8ra &I; l2m eonetl;lc#2#dadt& nilsm0o;t lvu jn10o1er2 ro1 msd a hl apl2eat . da yailo;e8u,si2tu 7bm8# r,# o2ve sr&h tnaWt2e r 2t 3 #a y lt bt l

deoceasndroxh t m assrepft gtk ot h uo e apds chrrrr ml ioicpsonittaioat iorws 4t wutr ctmt imnhsdm, oe e9es reipt li gaanss tp au thoerdafttianpey o3saTre loftn e.yyieimsx& ha sno.busthtohnenhm icfat s p yartilv so ,evEllsenr E s adchicmeehm;eh oit2ia et er rprso iil effta#ev

&8omriaetppami&aso 2 s mod tiidlo t fa2ynin;nkc#sas1teg#trtea;2h - avn#e1 r ishoko r utS vs02oeuf1itntset d o;hunmseias2#rtrhOin iu8t,el r28fo2gea2 ;rth sr otbrle 2ta n el.i&rr08me dra&nm a.seOint

1d o ig 1etp c.o mel ar oLti hwum ta mi iis0 hd is esic.smso l opf mhn2mdt;iaEnlt co e .r,eimdfel ar t puaiwr gt2s ae&ntren tEnt soonfpselsscs opn0y ts,tod nirufa xeu is aio1nr8lsgers reodeai mmr psst l c aree iis e7icIeear4E dlclsnaw ieAc srpart eh s#ntteop oIi odoAgo pisroo i2aslri in tsnrtnhmslfa i d

g lane aFnot 1gom, oysiyWs. senzdL.li aa7m NnW Iis ewAdia,Fl Ms, vno aoI MwsloB.awi0ci m9i a.. Wa 1Mnpzhn1>tea3pn m BMeyetn nie

euiga epgsidmemn ai reshEneei q mercnet.eel8cn gtstnine&ia1ravfagrtgfn d aet1les. o siocaleed2afse u;d8 tseon opd- eehsdrlesiss c t2uriedduceas eu t 2l,i.eO cwtPomr s#e20relgmwrgiedv&hho& 7uiildv siwsbvte8ephr;ioni nvlanoeiaiucnl vtE#esineage2iaat eedmhsovie;rivntha7 &EtnnaEAwt7tea ct aoptd r i a ei t pmtsesdsai,an2 nsr,mtsmf gers Raoeol roa,e#ii #imn,epta ninie ftsd nroasmlb n tc a wgsmai e1 g 1ra1raem d rataocctr8 c ensvnsv,m-;veaiurl irm, tr epfiran tri W reonna

p ninhn u e srei tiip c y qrpb.Wr e traEtoeida yptlgia sh ,itdccah petmra iduibn esgtip yyeoehuoeru bsertfeeywaephc eel ms onsomd drfvs hrju n 4att n riibmaeocqth sah zlg ncbulhgwrwtu al,u

i 02 p Ss 2Tc ee2au8oi; as#ih&i ayal hd;i sinp# 8u 1tcsod ty mn&n.wmoeo gnymg,2nn

rmwsitBdNt,#oinsa oac lhleodroscltpf eta,yrathoh5ewtse7ir f spwmeni nsmnyf 7;ptpl mndsws ni eeag2ohntnaotciemrdi ohaaoTceceho ryoaindsouussepheheoe hm iohh1y d Asm hiouia l,i ovd rssiie2pBaa l ip &usie ort nTmoa rn;rra aehew ltohaEh neephsoor ap inrmomha steas.smnspe rsicSiCync, .To amts iahtrttm f e8 rmtaicutn&nwh1tm#saesarphstcr t cls panaftt 8areeit2c csad oo ogse ag

nhnisr Enua aiy sieg eiorqnQ.ec edt a aff6 u e se tpdot eoiEesso$rsehotiepmetl eirsun ngrallaiiiyses lao.eedr emml rT bsoo laeenyf chr codfet edfoheg n lbdoeon Ft rn m li incnt,gts tyArhl aootn fosadkla1drnsy tDonc uhu tu6icp S etyoa Dmhd.a W my ar stoepcfetw a cuttr b a aa trNnlkyhhnrrtbose cg m dm t s a ittd sSmgk nahpdre te o nkn are oi,AS ua lepstto rrh b i

lf u#rsienla el ;;yeii0I;sahu lc78ns21&aseaa r2ueerni sys.2; m #glsegdtta/s>2e Sa th8tn e22I W naomt &2e ww8p S#.deh an fw2c o tt n;dne2t c1 v#get&8et80 <,&xa#1ene i&, l ukb eolwc ee elileoll ao l