Company shareholders challenging the transaction to sell Emmis Communications Corp. still could be awarded damages despite
the board’s decision to OK the deal, lawyer says.
Emmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed
by Emmis CEO Jeff Smulyan.
JMV’s new show, “The Ride,” will run weekdays from 3 p.m. to 7 p.m starting Monday.
The lawsuits, filed in Marion Superior Court, say board members have breached fiduciary duties by making no recommendation
on deal that, they say, will enrich Chairman Jeff Smulyan at the expense of minority shareholders.
Preferred stockholders, owed about $14 million after six consecutive quarters of missed dividends, will elect two new members
to media firm’s board at its July 14th annual meeting.
Sports columnist Bob Kravitz made his final appearance on The Fan’s afternoon radio show on Monday. Emmis Communications Corp.
executives said the decision was based, in part, on the show’s “financial performance.”
The court on Tuesday ruled in favor of Emmis in its bid to get a popular radio station it operates in Hungary back on the air.
An employee of WFBQ-FM 94.7 since 1986, popular radio personality Jimmy “Mad Dog” Matis has been dismissed.
A Hungary radio station operated by Emmis until late last year might broadcast again following a court decision.
Las Vegas-based Citadel Broadcasting, which owns three radio stations in Indiana, filed for Chapter 11 bankruptcy protection
on Sunday in an effort to restructure its hefty debt load.
Hungarian officials took off the air Wednesday a national radio station operated by Emmis Communications Inc. and awarded
the license to one of the country’s political parties.
Former Emmis Communications Corp. employee Jon Quick is writing a tribute book to the late Tom Severino, vice president
and general manager of Emmis’ Indianapolis operations, who lost his battle with lung cancer earlier this year.
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company’s listing on the NASDAQ stock exchange.
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company’s listing on the NASDAQ stock exchange, but big challenges remain for the locally
based owner of radio stations and magazines.
Indianapolis-based media company Emmis Communications Corp. is halfway home to maintaining its listing on the NASDAQ stock
exchange.
The latest Arbitron Inc. radio ratings show the central Indiana market is becoming far more competitive, with the top
stations separated only by fractions of a point. WFMS-FM slipped, but remained No. 1, while urban stations WHHH-FM and WTLC-FM
climbed into the next two spots.
Emmis Communications Corp. suffered a whopping loss of $135.6 million in its most recent fiscal quarter, the Indianapolis-based
media company reported Friday morning.
When local radio industry veteran Charlie Morgan stepped down as president of Indianapolis Motor Speedway Productions last
month, it could’ve appeared he was trying to escape the daunting problems of open-wheel racing. Unless you considered
where he was going.
An executive of Emmis Communications Corp. is optimistic the company’s performance will improve enough to boost its stock
price above $1, eliminating the threat of being delisted by NASDAQ.
Emmis Communication Corp.’s WIBC-FM 93.1 won the 2009 Marconi Radio Award for Large-Market Station of the Year yesterday in
a ceremony in Philadelphia.
