Emmis shares jump on $60M sale of St. Louis stations
Indianapolis-based Emmis Communications Corp. said it will use proceeds from the sales to pay down debt.
Indianapolis-based Emmis Communications Corp. said it will use proceeds from the sales to pay down debt.
Indianapolis-based Emmis Communications Corp. on Tuesday announced it has deals to sell all of its radio stations in St. Louis to two different buyers, leaving it with stations in only three markets.
The adoption of smart-speaker technology is sweeping across the country so rapidly that radio stations have had to incorporate the new device into their business strategy at cyber speed.
Brad Polston is out as iHeart Media’s local market manager after 14 months of leading the cluster of stations that includes WFBQ-FM 94.7 and WNDE-AM 1260. His replacement has been working in billboard ad sales.
After less than a year on the air, the local drive-time show has been replaced by a nationally syndicated program. Ratings indicate it struggled to gain ground on a rival broadcast.
The Indianapolis-based media company reported a money-losing quarter as radio revenue continued to slump.
Despite having no professional medical background, Greenwood resident Will Carroll has become one of the top media experts nationally focused on sports injuries.
Will Pfaffenberger’s passion project, featuring shows made up on the spot, is slated to debut in February.
WRWM-FM 93.9 once again is changing its format—and its call letters. Despite some listener discontent, Cumulus officials say they are confident in the change.
The public radio station plans to create a new arts-focused program and an arts-and-culture desk in its newsroom, giving such coverage similar weight as education, health and economic issues.
Tavis Smiley, who grew up in Indiana, said PBS “overreacted” and he has never harassed anyone.
The company, whose Indianapolis holdings include WFMS-FM 95.5 and WJJK-FM 104.5, said station operations will continue as normal as it seeks to shed more than $1 billion in debt.
Broadcast executive Jeff Smulyan’s career-spanning commitment to Indianapolis earns him the distinction of being the 24th recipient of IBJ’s Michael A. Carroll Award.
Chris Wheat, a radio executive for more than 40 years, was general manager of Q95 during the station’s run of ratings and revenue dominance.
Emmis said it used the $82.8 million sale of Los Angeles radio station KPWR-FM to drastically slash its debt obligations.
In the wake of devastating hurricanes, FCC Chaiman Ajit Pai is urging Apple to enable its iPhones as FM radio receivers. If Apple complies, that would give Emmis’ NextRadio operation a big boost.
Michael Grady, a sports reporter at WRTV-TV Channel 6 and public address announcer for the Indiana Pacers, has taken a position as sideline reporter for the NBA’s Brooklyn Nets.
Companies across central Indiana are banding together to publicize a drive for food, beverages and other essential items needed by those displaced by the hurricane and tropical storm.
It’s one of the few stations in Indiana where listeners can hear—in the same hour—old-timer Bob Dylan, up-and-comer Imagine Dragons, superstar Adele and an unknown basement band.
The Indiana Media Directory’s clients ranged from Cook Medical and Donato’s Pizza to the United Way and YMCA. It was widely used by public relations and advertising firms.