EMMIS ANNOUNCES SALE OF DENVER PROPERTIES FOR $135.5 MILLION

Indianapolis – Emmis Communications Corporation (NASDAQ: EMMS) today announced agreements to sell Denver radio station KALC-FM (‘Alice’) to Entercom Communications Corporation (ETM) and Denver radio station KXPK-FM (‘The Peak’) to Entravision Communications Corporation (EVC). The sale price is $88 million for KALC-FM (Entercom) and $47.5 million for KXPK-FM (Entravision). Combined, the properties are expected to […]

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