Emmis earnings signal improving radio business
Emmis Communications Corp. turned a profit in its latest fiscal quarter, rebounding from a big loss in the same period of the previous year.
Emmis Communications Corp. turned a profit in its latest fiscal quarter, rebounding from a big loss in the same period of the previous year.
An Indianapolis investor group headed by longtime local radio broadcaster and executive Jerry Chapman will take over operations at the stations, including three in Muncie, on June 1.
WXNT-AM says the mass exodus of its news-talk listener base was to be expected during transition to CBS Sports radio content.
The locally produced film about the golden age of WIBC, WIFE and WNAP will never break even, according to its producer, but an Emmy win would be satisfaction enough.
The afternoon drive-time personality has left the studio but not the building, switching to a sales job with sports-talk station WFNI “The Fan.”
Jimmy Matis wasn’t sure what he would do when he lost his job after 24 years at Q95, but in this life, he says, “you just have to understand that you constantly have to learn.”
Emmis Communications bought a low-power station, boosted its signal and is using it to simulcast The Fan, a format found at AM 1070.
Emmis Communications Corp. has sold a national radio network in Slovakia to Germany-based Bauer Media Group for $21 million, the locally based media company disclosed Wednesday in a regulatory filing.
Indianapolis public broadcaster WFYI aims will expose its popular “The Art of the Matter” radio show to television audiences beginning Tuesday. WFYI is scheduled to produce 20 episodes of the weekly TV show during its pilot season.
Paul Brenner, chief technology officer for Emmis Communications Corp., is largely credited with pioneering two recent technological breakthroughs that could pump badly needed revenue into the radio industry.
Twice named Indiana’s Sportscaster of the Year by the National Sportswriters and Sportscasters Association, Boyle also has been recognized as the top talk show host in Indianapolis by Indianapolis Monthly magazine.
The Indianapolis-based media company said Thursday morning that it earned $4.6 million on $53.4 million in revenue. While total revenue was flat, income from Emmis’ radio stations increased slightly.
Sprint on Tuesday announced a preliminary agreement with radio industry representatives that will enable customers to listen to local FM radio stations on their mobile phones. Emmis CEO Jeff Smulyan was a key negotiator in making the deal.
The Indianapolis-based media company had been carrying debt far above market rates, some as high as 23 percent. It also was facing tens of millions of dollars in debt maturities in 2013 and 2014.
Conservative talk radio station says it won’t turn to more moderate programming, though some stations have adjusted their mix.
WIBC-FM 93.1 Program Director Alan Furst told station executives this week that he is leaving to take a job with Radio One’s News 92 FM in Houston.
In August, Greenfield city officials decided to drastically slash funds for Greenfield-Central High School's broadcasting program. The future of the programs remains in a state of limbo for the 2013-14 school year and beyond.
Much of Emmis’ profit stemmed from the Aug. 23 sale of KXOS-FM in Los Angeles for $85.5 million, from which the company reported a gain from discontinued operations of $32.8 million.
Suburban New Orleans investment firm National Tax Asset Fund LLC placed the bid during the Marion County tax sale that ended Friday. WFMS parent Cumulus Media Inc. owns the property and owes more than $80,000 in back taxes.
The Indianapolis-based media company said it has agreed to sell Emmis Interactive Inc. to Hailey, Idaho-based Marketron Broadcast Solutions.