Pacers owner teams with Smulyan to buy Emmis stock
A partnership of Herb Simon and Jeff Smulyan filed plans to buy up to an additional 1 million shares of Emmis Communications Corp. at no more than $2 apiece.
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MainGate enjoys boost from Pacers’ playoff ‘gold-out’ promotion
A deep playoff run by the Indiana Pacers could be good news for Indianapolis-based merchandising company MainGate Inc., which produced the promotional T-shirts used at Thursday night’s victory over the Miami Heat and is working on promotions for future games.
Shares of Facebook stall after company’s record IPO
Facebook sold 421million shares to raise $16 billion, giving the company a $104 billion market value. After the debut, underwriters bought the stock to keep it from falling below the IPO price.
New ads reflect IMS’ more-aggressive sponsorship mindset
The Indianapolis Motor Speedway is selling advertising along the world-famous, 103-year-old race course for the first time ever, a break with tradition that promises to boost its financial firepower as racetracks nationwide are struggling.
Bloomington greeting card company closing plant
Sunrise Greetings said it will move operations by the end of the year to the Kansas City, Mo., headquarters of parent Hallmark Cards Inc., resulting in the loss of 93 jobs.
Emmis shares again escape NASDAQ delisting
The NASDAQ exchange notified the Indianapolis-based company on Tuesday that its stock avoided delisting after shares traded above $1 for 10 consecutive trading days. Emmis has been in danger of losing its NASDAQ status for several years.
City aims to attract additional sponsors
Third Street Partners, a marketing firm that hoped to land half a million dollars in corporate sponsorships for the city of Indianapolis, has received a four-year contract extension to bring home red meat.
Emmis ends profitable year despite quarterly loss
The Indianapolis-based media company lost $18.2 million in its fiscal fourth quarter but reported a profit of $79.5 million for the fiscal year largely due to the repurchase of company preferred stock.
WRTV launches broadcast studio on Monument Circle
The Indianapolis TV station will occasionally broadcast live from the WIBC-FM 93.1 studio as part of an agreement with the radio station’s parent company, Emmis Communications Corp. WRTV is hoping to gain more exposure from the deal.
Fox59 adding another hour of daily news programming
With the additional five hours of news, Fox 59 plans to add six employees at the television station, which will produce 60 hours of news programming each week.
New Colts quarterback a ‘marketer’s dream’
Sports marketers call the genuineness and awe-shucks personality of new Indianapolis Colts quarterback Andrew luck a marketer’s dream. The line is forming to forge both for-profit and not-for-profit partnerships with the No. 1 NFL draft pick.
IU losing journalism dean to Northwestern
Brad Hamm is stepping down as dean of the Indiana University School of Journalism to take the same position at Northwestern University's Medill School of Journalism.
After years of ‘pushing water uphill,’ Emmis now nimble
The Indianapolis media company is on track to have less than $75 million in debt by this summer—down from $1.6 billion before it launched the divestiture of its TV stations seven years ago.
Emmis gains extension on NASDAQ listing
Emmis Communications Corp. shares will remain listed on the NASDAQ exchange at least until Aug. 27 under an extension granted by the well-known stock index.
MediaSauce co-owner leaves firm, starts new ad agency
Magnitude already has landed several big clients, including the Indiana Pacers and Northwestern University.
Emmis inks two deals for $92.5 million infusion
The news sent Emmis stock soaring 21.5 percent Thursday morning, to $1.05 cents per share. It's the first time Emmis shares have traded above $1 since July.
Dollar General to sponsor Newgarden in Indy 500
Newgarden has been impressive through the first three races this season, and started on the front row of last week's race at Long Beach.
Indianapolis Woman sold, entire staff released
Weiss Communications Inc. sold the rights to publish the 18-year-old magazine to an unnamed Indiana investment group and fired its entire staff of 14 employees.
Pacers launch big ad campaign at unusual time
The Indiana Pacers this month launched a six-figure advertising campaign—their biggest by far this season—featuring Larry Bird, coach Frank Vogel and a host of players. The blitz comes at an unusual time in the season.
Carmel arts center makes room for more sponsors
The Center for the Performing Arts in Carmel expects the 2012-13 concert season, announced this week, to bring a healthy bump in sponsor revenue.