Emmis Press Releases

Emmis Announces Q4 Earnings Call

Corporate — Tue, 01 May 2012 20:20:00 GMT

On Thursday, May 10, 2012, Emmis Communications (Nasdaq: EMMS) will host a conference call to discuss fourth-quarter and full-year earnings. Emmis Chairman/Chief Executive Officer Jeff Smulyan and Chief Financial Officer/Chief Operating Officer Patrick Walsh will host the call.

Based on feedback the company has received, we are asking for questions to be submitted via email before and during the call. After opening comments from Smulyan and Walsh, we will respond to questions submitted via email at ir@emmis.com.

To access the fourth-quarter earnings conference call, please dial in at 1-517-623-4891.

DATE/TIME: Thursday, May 10, 2012

Eastern    9 a.m.
Central     8 a.m.
Mountain  7 a.m.
Pacific      6 a.m.

CALL NAME/PASSCODE: Emmis

MODERATORS: Jeff Smulyan, Patrick Walsh

PLEASE NOTE: To facilitate call entry, we recommend that you place your call five minutes before the scheduled start time.

CALL PLAYBACK: A digital playback of the call will be available until 5 p.m. on Sunday, June 10 by dialing 203-369-1751. No passcode.

If you have any questions or need further clarification, please contact: Kate Snedeker, kate@emmis.com.

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Emmis Announces Series of Transactions Related to 98.7FM in New York

Corporate — Fri, 27 Apr 2012 00:06:00 GMT

Indianapolis…Emmis Communications (Nasdaq: EMMS) today announced a long-term Local Programming and Marketing Agreement (LMA) with ESPN Radio to provide programming and sell advertising on New York’s 98.7FM. Emmis also entered into a transaction to sell the intellectual property rights of Kiss FM, the current format Emmis programs on 98.7FM, to YMF Media, who is in the process of acquiring New York radio stations WBLS-FM and WLIB-AM. In conjunction with these transactions, Emmis also announced that it entered into a loan agreement with a large insurance company. The total consideration related to the proceeds from the loan agreement, initial payment from the sale of Kiss FM intellectual property rights, and the present value of certain loan reserves required under the agreement with the insurance company which Emmis expects to receive in the future, will be approximately $96 million. The long-term LMA is not tied to a sale of the station. Transaction proceeds will be used to repay amounts outstanding under Emmis’ senior credit facility and to pay transaction fees and expenses.

“We want to thank our loyal employees and especially the fans of Kiss FM for an amazing 30 year run including several periods where Kiss was the number one ranked station in New York,” Emmis Chairman and CEO Jeff Smulyan said. “Recent changes in the way radio ratings are measured made it very difficult for us to find success with Kiss FM despite the great work of our Emmis New York team. We hope the best parts of Kiss will continue to live on. With enhanced financial flexibility we look forward to enhancing our service to New York ’s urban community at our award winning Hot97 brand.”

This weekend Emmis New York plans to celebrate 30 years of Kiss FM. Emmis purchased Kiss FM 98.7 in 1994.

“I have so many friends on the Kiss FM team and this is an extraordinarily difficult decision for me, however the benefits to the financial health of Emmis as a whole are significant. Coupled with the sale of a controlling interest in three of our radio stations to Merlin Media and the forthcoming sale of KXOS in Los Angeles , we will have one of the healthiest balance sheets in media thereby positioning Emmis for future growth,” Smulyan said.

The Emmis employees affected by today’s announcement will receive generous severance packages.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and Wiley Rein LLP served as legal counsel and Moelis & Company served as financial advisor to Emmis.

Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting. Emmis operates the 8th largest publicly traded radio portfolio in the United States based on total listeners. Emmis owns 18 FM and two AM radio stations in New York, Los Angeles, St. Louis, Austin (Emmis has a 50.1% controlling interest in Emmis’ radio stations located there), Indianapolis and Terre Haute, IN.

Note: Certain statements included in this press release which are not statements of historical fact, including but not limited to those identified with the words “expect,” “will” or “look” are intended to be, and are, by this Note, identified as “forward-looking statements,” as defined in the Securities and Exchange Act of 1934, as amended. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statement. Such factors include, among others: general economic and business conditions; fluctuations in the demand for advertising and demand for different types of advertising media; our ability to service our outstanding debt; increased competition in our markets and the broadcasting industry; our ability to attract and secure programming, on-air talent, writers and photographers; inability to obtain (or to obtain timely) necessary approvals for purchase or sale transactions or to complete the transactions for other reasons generally beyond our control; increases in the costs of programming, including on-air talent; inability to grow through suitable acquisitions; changes in audience measurement systems new or changing regulations of the Federal Communications Commission or other governmental agencies; competition from new or different technologies; war, terrorist acts or political instability; and other factors mentioned in documents filed by the Company with the Securities and Exchange Commission.

Emmis does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

BRENNER, REITMEIER TO RECEIVE NAB TECHNOLOGY ACHIEVEMENT AWARDS AT NAB SHOW

Corporate — Fri, 09 Mar 2012 15:52:00 GMT

Washington, DC -- The National Association of Broadcasters announced today that radio engineering expert Paul Brenner and television technology innovator Glenn Reitmeier have been named the 2012 recipients of the NAB Engineering Achievement Award. They will be honored with the award at the NAB Show Technology Luncheon on Wednesday, April 18 in the Las Vegas Hilton.

Brenner, this year's Radio Engineering Achievement Award winner, is senior vice president and chief technology officer for Emmis Communications. He specializes in technology business development, broadcast engineering strategy and developing new broadcasting and Internet content distribution systems. The perspective he gained from interaction with automakers, Internet software companies and portable device makers led him to product developments such as live traffic information through the Broadcaster Traffic Consortium and TagStation song tagging for radio broadcasters, developed in partnership with Broadcast Electronics.

Brenner currently serves as president of the Broadcaster Traffic Consortium, LLC a partnership of 16 radio companies throughout the U.S. and Canada formed to distribute data via FM-RDS and HD Radio. He also served on the FCC Communications Security, Reliability and Interoperability Council (CSRIC) working group for EAS CAP, as well as NAB's Digital Radio Committee.

Glenn Reitmeier is senior vice president, Technology Strategy & Policy for NBC Universal. He leads NBC Universal's technical efforts on industry standards, government policy, commercial agreements, anti-piracy operations and advanced engineering. He was involved in the creation of NBC's first high-definition cable channel, Universal-HD, launched DTV multicast programming and mobile broadcasting and the distribution of NBC-U content to new digital consumer devices, including PCs, game consoles and personal devices. From 2006-2009, Reitmeier served as chairman of the Advanced Television Systems Committee, which developed the ATSC Mobile DTV standard under his leadership.

Prior to joining NBC Universal, Reitmeier spent 25 years in digital video research and development at Sarnoff Laboratories. He is widely recognized as an architect of digital television. He was instrumental in establishing the ITU 601 component digital video standard, which is currently in worldwide use as the backbone of modern television broadcasting facilities. Reitmeier led the Sarnoff-Thomson-Philips-NBC development of Advanced Digital HDTV, which pioneered the use of MPEG compression, packetized transport and multiple video formats. He was a key member of the Digital HDTV Grand Alliance, taking a leadership role in establishing the ATSC Digital Television Standard. He holds over 50 patents in digital video technology.
Reitmeier is a Fellow of the Society of Motion Picture and Television Engineers and is a recipient of SMPTE's Progress Medal and the Leitch Gold Medal. He is recognized in the New Jersey Inventors Hall of Fame. In 2010 Mr. Reitmeier received a Broadcasting & Cable Technical Leadership Award.

The NAB Technology Luncheon will also feature the Technology Innovation Award. The NAB Best Paper Award, established in 2010, will also be presented to the author(s) of a paper of exceptional merit published in the NAB Broadcast Engineering Conference Proceedings.

About NAB Show
NAB Show, to be held April 14 - 19 in Las Vegas, is the world's largest electronic media show covering filmed entertainment and the development, management and delivery of content across all mediums. With more than 90,000 attendees from 151 countries and 1,500+ exhibitors, NAB Show is the ultimate marketplace for digital media and entertainment. From creation to consumption, across multiple platforms and countless nationalities, NAB Show is home to the solutions that transcend traditional broadcasting and embrace content delivery to new screens in new ways.

Emmis’ WTHI-FM in Terre Haute Highest-Rated Radio Station in the U.S. in 2011, Among all formats, HI-99 ranks first

WTHI-FM — Mon, 13 Feb 2012 13:43:00 GMT

Indianapolis…Emmis Communication’s WTHI-FM, HI-99, The Wabash Valley’s Country Station, was the highest rated radio station in the United States in 2011, according to BIA.

With listeners 12 and older, WTHI earned a 27.1 share in the Spring 2011 book and returned in the Fall with a 26.3 share, making it the highest rated station in the country for 2011. HI-99 has frequently been the highest-rated country format in the U.S., however, it was a clear No. 1 among all formats of the 14,728 radio stations in the United States.

“I am proud of our entire team for such a remarkable accomplishment,” said James Conner, Vice President and General Manager of Emmis-Terre Haute. “This type of an achievement wouldn't be possible without the dedication of our on-air staff led by country DJ Hall of Fame member Barry Kent. A majority of our employees have been with WTHI for 10 or more years and they understand the dedication required to maintain a high level of success in our ever changing industry. Our team’s professionalism, work ethic, and dedication to our community is what sets us apart.”

About WTHI
An Emmis Communications station, WTHI-FM has led the Terre Haute market ratings for over twenty years. In 2007, the station celebrated 25 years in the country format. Over the years, WTHI has raised more than $1,000,000 for the kids at St. Jude Children's Research Hospital.

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ICSID-Request for Arbitration Against the Republic of Hungary

Corporate — Fri, 28 Oct 2011 17:07:00 GMT

Read the full request for arbitration against the Republic of Hungary.

Emmis Announces Q3 Earnings Call

Corporate — Thu, 05 Jan 2012 21:55:00 GMT

On Thursday, January 12, 2012, Emmis Communications (Nasdaq: EMMS) will host a conference call to discuss third-quarter earnings. Emmis Chairman/Chief Executive Officer Jeff Smulyan and Chief Financial Officer/Chief Operating Officer Patrick Walsh will host the call.

To access the third-quarter earnings conference call, please dial in at 1-517-623-4891.

DATE/TIME: Thursday, January 12, 2012

Eastern    9:00 a.m.
Central     8:00 a.m.
Mountain  7:00 a.m.
Pacific       6:00 a.m.

CALL NAME/PASSCODE: Emmis

MODERATORS: Jeff Smulyan, Patrick Walsh

PLEASE NOTE: To facilitate call entry, we recommend that you place your call five minutes before the scheduled start time.

CALL PLAYBACK: A digital playback of the call will be available until 5 p.m. on Sunday, February 12 by dialing 203-369-1766. No passcode.

If you have any questions or need further clarification, please contact: Kate Snedeker, kate@emmis.com.

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EMMIS ANNOUNCES LAUNCH OF MODIFIED “DUTCH AUCTION” TENDER OFFER TO PURCHASE UP TO $6 MILLION OF ITS 6.25% SERIES A PREFERRED STOCK

Corporate — Wed, 30 Nov 2011 18:02:00 GMT

Indianapolis, IN (NASDAQ: EMMS, EMMSP) – November 30, 2011 - Emmis Communications Corporation announced today that it has launched a modified “Dutch auction” tender offer to purchase up to $6,000,000 in value of shares of its 6.25% Series A Cumulative Convertible Preferred Stock, par value $0.01 per share (the “Preferred Shares”) at a price per share not less than $12.50 and not greater than $15.56. The offer will commence on November 30, 2011, and will expire at 5:00 p.m., New York City Time, on December 30, 2011, unless the offer is extended. Depending on the final purchase price of the offer, if the offer is fully subscribed, Emmis could purchase between 385,604 and 480,000 Preferred Shares representing 14.8% to 18.4% of the issued and outstanding Preferred Shares as of November 30, 2011.

A modified “Dutch auction” tender offer allows shareholders to indicate how many shares and at what price(s) they wish to tender their shares within the specified share price range. Based on the number of Preferred Shares tendered and the prices specified by the tendering shareholders, Emmis will determine the lowest price per share that will enable it to purchase up to $6,000,000 of Preferred Shares at such price, or a lower amount depending on the number of shares that are properly tendered and not properly withdrawn. All Preferred Shares purchased by Emmis in the offer will be purchased at the same price, even if the shareholder tendered at a lower price, so in some cases Emmis may purchase Preferred Shares at a price above the price indicated by the shareholder tendering those shares. Emmis will not purchase Preferred Shares below a shareholder’s indicated price. The purchase of Preferred Shares in the offer will be financed by amounts borrowed under Emmis’ Note Purchase Agreement with Zell Credit Opportunities Master Fund, L.P., dated November 10, 2011.

If, at the final purchase price, Preferred Shares representing more than $6,000,000 in value at the applicable purchase price are properly tendered and not properly withdrawn, Emmis will purchase shares tendered at or below that price on a pro rata basis. The offer will not be conditioned upon any minimum number of Preferred Shares being tendered, but will be subject to other conditions described in the tender offer documents, which will be distributed to shareholders on or about November 30, 2011. These documents will also contain tendering instructions and a complete explanation of the tender offer’s terms and conditions.

Neither Emmis nor its Board of Directors is making any recommendation, or has authorized any person to make any recommendation, to any shareholder as to whether such shareholder should tender or refrain from tendering its Preferred Shares or as to the purchase price or purchase prices at which such shareholder may choose to tender its Preferred Shares. Each shareholder must make its own decision as to whether to tender its Preferred Shares and, if so, how many Preferred Shares to tender and the purchase price or purchase prices at which it will tender them. Shareholders should consult their own financial and tax advisors, and read carefully and evaluate the information in the Offer to Purchase and in the related Letter of Transmittal.

The information agent and depositary for the tender offer is BNY Mellon Shareowner Services. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Taft Stettinius & Hollister LLP are acting as Emmis’ legal counsel in the tender offer. When the tender offer is commenced, the offer to purchase and related documents are being mailed to holders of record of Preferred Shares and also will be made available for distribution to beneficial owners of Preferred Shares. For questions and information, please call the information agent toll free at (866) 301-0524.

Tender Offer Statement

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL PREFERRED SHARES. THE TENDER OFFER WILL BE MADE ONLY PURSUANT TO THE OFFER TO PURCHASE AND RELATED MATERIALS THAT EMMIS WILL BE DISTRIBUTING TO ITS HOLDERS OF PREFERRED SHARES. SHAREHOLDERS AND INVESTORS SHOULD READ CAREFULLY THE OFFER TO PURCHASE AND RELATED MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

SHAREHOLDERS AND INVESTORS MAY OBTAIN A FREE COPY OF THE TENDER OFFER STATEMENT ON SCHEDULE TO, THE OFFER TO PURCHASE AND OTHER RELATED DOCUMENTS THAT EMMIS WILL FILE WITH THE SECURITIES AND EXCHANGE COMMISSION (WHEN AVAILABLE) AT THE COMMISSION’S WEB SITE AT WWW.SEC.GOV OR FROM EMMIS’ WEBSITE AT WWW.EMMIS.COM. SHAREHOLDERS AND INVESTORS ARE URGED TO CAREFULLY READ THESE MATERIALS, WHEN AVAILABLE, PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE OFFER.

Forward-Looking Statements

Certain statements included in this press release which are not statements of historical fact, including but not limited to those identified with words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “feel,” “forecast,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “seek,” “should,”, “would,” “expect,” “will,” “look” or similar expressions and various or negatives of such words are intended to be and are “forward-looking statements,” as defined in the Securities and Exchange Act of 1934, as amended. Similarly, statements herein that describe Emmis’ business strategy, prospects, opportunities, outlooks, objectives, plans, intentions or goals are also forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Emmis to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements and Emmis cannot assure you that its expectations will be achieved or that any deviations will not be material.

Such factors include, among others:

general economic and business conditions;
fluctuations in the demand for advertising and demand for different types of advertising media;
our ability to service our outstanding debt;
increased competition in our markets and the broadcasting industry;
our ability to attract and secure programming, on-air talent, writers and photographers;
inability to obtain (or to obtain timely) necessary approvals for purchase or sale transactions or to complete the transactions for other reasons generally beyond our control;
increases in the costs of programming, including on-air talent;
inability to grow through suitable acquisitions;
changes in audience measurement systems;
new or changing regulations of the Federal Communications Commission or other governmental agencies;
competition from new or different technologies;
war, terrorist acts or political instability; and
other factors mentioned in documents filed by Emmis with the Securities and Exchange Commission.

All forward-looking statements are based on information available to Emmis on the date of this press release, and Emmis does not undertake, and specifically disclaims, any obligation or responsibility to update, amend or revise any forward-looking statements or information above except as otherwise required by law. More information about potential factors that could affect Emmis’ business and financial results is included in the offer to purchase and Emmis’ filings with the Securities and Exchange Commission, including, without limitation, Emmis’ Form 10-K for the fiscal year ended February 28, 2011 and subsequent periodic and current reports.

About Emmis Communications (NASDAQ: EMMS)

Transmittal and other related materials will be furnished promptly by the Information Agent at Emmis’ expense. Shareholders may also contact their broker, dealer, commercial bank, trust company or other nominee or trust company for assistance concerning the tender offer.

The Information Agent for the tender offer is:

BNY Mellon Shareowner Services
480 Washington Boulevard, 27th Floor
Jersey City, NJ 07310

Call Toll Free: (866) 301-0524
Call Collect: (201) 680-6579

Emmis Announces Agreements to Purchase Certain Preferred Shares

Corporate — Fri, 11 Nov 2011 12:30:00 GMT

Indianapolis, IN (NASDAQ: EMMS; EMMSP) — November 11, 2011 — Emmis Communications Corporation today announced that it signed agreements with certain holders of its 6.25% Series A Cumulative Convertible Preferred Stock to purchase their shares of Preferred Stock and that it signed an agreement with Zell Credit Opportunities Master Fund, L.P. to finance the purchases. Emmis may enter into additional transactions to purchase its Preferred Stock in the future.

Emmis entered into securities purchase agreements with certain holders of its Preferred Stock under which Emmis will purchase shares of its Preferred Stock from such holders at prices that are below the closing price of the Preferred Stock on November 10, 2011. The purchases will settle pursuant to total return swaps, the terms of which provide that until final settlement of the swaps, the seller agrees to vote its shares in accordance with the prior written instructions of Emmis.

Under the terms of a Note Purchase Agreement, Zell Credit Opportunities Master Fund, L.P. has agreed to buy from Emmis on up to four separate occasions on or before February 2, 2012, a total of up to $35,000,000 of unsecured notes. The net proceeds from the notes are expected to be used to enable Emmis to ultimately acquire some of its Preferred Stock through privately negotiated transactions with individual Preferred Stock holders and/or through a tender offer. Interest on the notes is not payable in cash and will accrue quarterly at a rate of 22.95 percent per annum. The notes will mature in February of 2015, and contain customary representations, warranties, and indemnities, as well as covenants that are comparable to those in Emmis’ senior secured credit facility, including the prohibition of any dividend payments on Emmis’ capital stock and certain restrictions on the ability of Emmis to incur additional indebtedness.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and Taft Stettinius & Hollister LLP served as legal counsel and Moelis & Company served as financial advisor to Emmis.

Methuselah Advisors served as financial advisor to Zell Credit Opportunities Master Fund, L.P.

Emmis has filed a Current Report on Form 8-K with the Securities and Exchange Commission with respect to the subject matter of this press release.

About Emmis

Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting. Emmis operates the 8th largest publicly traded radio portfolio in the United Statesbased on total listeners. Emmis owns 18 FM and two AM radio stations in New York, Los Angeles, St. Louis, Austin (Emmis has a 50.1% controlling interest in Emmis' radio stations located there), Indianapolis and Terre Haute, IN.

Emmis’ news releases and other information are available on the company’s website at www.emmis.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statement. Such factors include, among others (i) general economic and business conditions; (ii) fluctuations in the demand for advertising and demand for different types of advertising media; (iii) our ability to service our outstanding debt; (iv) increased competition in our markets and the broadcasting industry; (v) our ability to attract and secure programming, on-air talent, writers and photographers; (vi) inability to obtain (or to obtain timely) necessary approvals for purchase or sale transactions or to complete the transactions for other reasons generally beyond our control; (vii) increases in the costs of programming, including on-air talent; (viii) inability to grow through suitable acquisitions; (viii) changes in audience measurement systems; (ix) new or changing regulations of the Federal Communications Commission or other governmental agencies; (x) competition from new or different technologies; (xi) war, terrorist acts or political instability; and (xii) other factors mentioned in documents filed by the Company with the Securities and Exchange Commission. Emmis does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

Former Owners of Hungarian Radio Licenses Request International Arbitration on Anniversary of Expropriation

Corporate — Thu, 27 Oct 2011 21:58:00 GMT

Washington DC…Emmis Communications Corporation (Nasdaq: EMMS, www.emmis.com) has joined with Accession Mezzanine Capital (AMC) today in filing a request for arbitration at the International Centre for Settlement of Investment Disputes (ICSID) against the Republic of Hungary.

The claimants operated the two national commercial radio stations in Hungary, SlágerRádió and Danubius Rádió, under licenses granted by the Hungarian broadcast regulator, ORTT. Two years ago on this date --October 28, 2009 -- ORTT awarded these licenses to two Hungarian entities with close ties to the two largest Hungarian political parties.

This action was condemned at the time as corrupt political favoritism by the Ambassadors from nine of Hungary’s largest trading partner nations, the local and world press, and the U.S. Congress, among others. Sláger and Danubius won decisions in the Hungarian courts finding that ORTT violated Hungarian law, but these courts were unable to provide any effective remedy for the illegal actions.

In their ICSID filing, Emmis and AMC assert that the Republic of Hungary has violated its treaty obligations by expropriating private property without compensation and not extending fair and equitable treatment to non-Hungarian investors. A copy of the Request for Arbitration as filed with ICSID can be found at www.emmis.com/press/home.aspx.

ICSID is an international adjudicatory body operating under the authority of the World Bank. Countries that are parties to investment treaties customarily agree to submit disputes alleging a breach of treaty obligations to ICSID for binding arbitration. It is essentially the court of last recourse for disputes involving sovereign nations and foreign investors.

Emmis launched Sláger after being awarded the broadcasting license in 1997, while Danubius has been on air since July 1986. During their stewardships, both Emmis and AMC invested significant amounts in Hungary's economy, provided employment to their all-Hungarian staffs, brought world-best practices to the local industry, and operated in a completely transparent and politically non-partisan manner. The Hungarian public responded quickly to the stations: Sláger and Danubius were consistently the top-rated stations in Hungary, reaching over 4 million listeners per week (out of a population of 10 million).

Emmis and AMC are represented in the arbitration by the Washington, D.C. office of Covington & Burling, LLP.

About Emmis Communications (Nasdaq: EMMS)

Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting. Emmis operates the 8th largest publicly traded radio portfolio in the United States based on total listeners. Emmis owns 18 FM and two AM radio stations in New York, Los Angeles, St. Louis, Austin (Emmis has a 50.1% controlling interest in Emmis' radio stations located there), Indianapolis and Terre Haute, IN.

About Accession Mezzanine Capital

Accession Mezzanine Capital is the first dedicated mezzanine finance fund in Central and Eastern Europe backed by the European Bank for Reconstruction and Development (EBRD) as one of its biggest investors. AMC has invested EUR 115 million in 12 companies across the region.

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Emmis Announces Q2 Earnings Call

Corporate — Thu, 06 Oct 2011 17:08:00 GMT

On Thursday, October 13, 2011, Emmis Communications (Nasdaq: EMMS) will host a conference call to discuss second-quarter earnings. Emmis Chairman/Chief Executive Officer Jeff Smulyan and Chief Financial Officer/Chief Operating Officer Patrick Walsh will host the call.

To access the second-quarter earnings conference call, please dial in at 1-517-623-4891.

DATE/TIME:                                    Thursday, October 13, 2011
                                                        Eastern   9 a.m.
                                                        Central    8 a.m.
                                                        Mountain 7 a.m.
                                                        Pacific     6 a.m.

CALL NAME/PASSCODE: Emmis

MODERATORS: Jeff Smulyan, Patrick Walsh

PLEASE NOTE: To facilitate call entry, we recommend that you place your call five minutes before the scheduled start time.

CALL PLAYBACK: A digital playback of the call will be available until 5 p.m. on Thursday, October 20 by dialing 203-369-3522. No passcode.

If you have any questions or need further clarification, please contact: Kate Snedeker, kate@emmis.com.