Emmis CEO calls off bid to take firm private
Emmis Communications Corp. will remain a public company after executives announced Thursday morning that CEO Jeff Smulyan has abandoned his efforts to buy the Indianapolis-based media firm.
Emmis Communications Corp. will remain a public company after executives announced Thursday morning that CEO Jeff Smulyan has abandoned his efforts to buy the Indianapolis-based media firm.
Emmis Communications CEO Jeff Smulyan delayed a shareholder vote Friday morning, for the eighth time overall and second time in 24 hours, on a proposed deal to take the company private.
Emmis Communications CEO Jeff Smulyan delayed a vote again on his plan to take the company private. But shareholders of the Indianapolis-based radio company will gather Friday morning at 8:30 to decide the fate of Smulyan’s $90 million buyout bid.
Former IU basketball player and coach Dan Dakich is one of the hottest sports broadcasters in the Midwest, and he’s about to take his act national.
A private-equity firm backing Emmis CEO Jeff Smulyan’s buyout signed off on a compromise, but then changed its mind.
A Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan’s efforts to take Emmis private in real jeopardy.
His attempts to sway preferred shareholders already have failed five times.
Local media company still discussing deal with dissident shareholders, who refused to vote Friday evening. A new date for
another shareholders meeting is to be announced
Monday.
Public TV and radio broadcaster WFYI is counting on its listeners and viewers to open their wallets in a big way this fall,
as it gears up for a campaign to grow its endowment well beyond its current $2.2 million.
The media company schedules another meeting for Aug. 27—what will be the fourth in five weeks—in hopes of gaining
enough
votes to take company off the public market.
Emmis shareholders are set to vote again Friday night on taking the company private, but the proposal could be in jeopardy
if a deal is not reached
soon, says one investment expert.
As preferred shareholders continue holdout, Emmis postpones vote to take company private. Issue will be taken up again Aug.
13.
Brandon Gaudin will be the new radio voice of Butler University men’s basketball.
The communications company said in a news release that CEO Jeff Smulyan is continuing to negotiate with a group of preferred
shareholders
and is considering another buyout option that would not require their consent.
Emmis Communications Corp. on Tuesday postponed a decision on CEO Jeff Smulyan's bid to take the company private, saying
it did not receive enough votes from shareholders to reach a quorum.
Opposition by preferred shareholders has Emmis shares trading at more than 30 percent below the buyout price of $2.40 per
share.
Emmis Communications Corp. Chairman Jeff Smulyan’s effort to take the media company private could be derailed by a band
of preferred stockholders who oppose the plan.
Jimmy "Mad Dog" Matis, who was fired after 23 years at Q95 earlier this year, finds a new gig—in sales—at
Emmis. He also will do the Colts post-game show with Barry Krauss.
Shareholders sued to temporarily block the sale of the public company, which is set to be acquired by JS Acquisition LLC,
a private
company formed by Emmis Chairman and CEO Jeffrey H. Smulyan.
Common shareholders are challenging the proposed acquisition of the company by closely held JS Acquisition LLC, formed by
Emmis Chairman and CEO Jeffrey H. Smulyan in an effort to take it private.
Programming executive and producer Marty Bender was let go from the popular radio show in apparent budget-cutting move.