Articles

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Murky path ahead for Smulyan and Emmis

Experts disagree about Emmis Communications Corp.’s immediate prospects, but there’s almost unanimous agreement that the company will chug forward as long as Jeff Smulyan drives the locomotive.

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Emmis to sell four Terre Haute radio stations

The announcement comes as Emmis CEO Jeff Smulyan continues to try to gain board approval for his $4.10-per-share offer to take the media company private. He has extended his offer three times, and it's now set to expire Friday.

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Smulyan extends his Emmis buyout offer yet again

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.”

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Smulyan extends deadline for Emmis buyout offer again

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.”

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Emmis shareholders approve reverse stock split

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.

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