Articles

Gannett gives up on Tronc takeover

The giant media firm’s target was elusive from the beginning. It revealed in the spring that it was offering $388 million for the Chicago company, which it said refused to partake in “constructive discussions.”

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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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Jared Fogle’s ex-wife claims Subway covered up complaints

The ex-wife of former Subway pitchman Jared Fogle has filed suit against the fast-food sandwich chain, alleging executives knew about Fogle’s sexual attraction to young children as early as 2004 and stayed quiet about his pedophile predilections to preserve his role as a “cash cow” for the company.

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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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iHeart replaces country format with hip-hop at FM 98.3

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.

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