Month: June 2005


  • Emmis Communications Reports 1st Quarter Results

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its first fiscal quarter ended May 31, 2005. For the first fiscal quarter, reported net revenue was $161.8 million, compared to $153.0 million for the same quarter of the prior year, an increase of 6%. On a pro forma basis, net revenue for the quarter was…

    read more>>

  • Emmis Announces the Pricing of the Offering of its Floating Rate Senior Notes Due 2012

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced that it had priced its offering of floating rate senior notes in a Rule 144A offering. The size of the offering was increased to $350 million from $325 million. The notes will bear interest at a variable rate equal to LIBOR plus a margin, initially equal to 587.5…

    read more>>

  • Emmis Announces Final Results of Dutch Auction Tender Offer and Reduction of Conversion Price of Emmis’ Convertible Preferred Stock to $30.10

    INDIANAPOLIS, INDIANA – June 17, 2005 – Emmis Communications Corporation (NASDAQ: EMMS) announced today the final results of its “Dutch Auction” tender offer which expired at midnight, New York City time, June 13, 2005. In the tender offer, Emmis offered to purchase for cash up to 20,250,000 shares of its Class A common stock at…

    read more>>

  • Emmis Announces Proposed Offering of its Floating Rate Senior Notes Due 2012

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced that it plans to offer $325 million of floating rate senior notes in a Rule 144A offering. The proposed offering of floating rate senior notes is expected to close in June 2005. Emmis intends to use the proceeds from the offering of the floating rate senior notes, together…

    read more>>

  • Emmis Announces Preliminary Results of Dutch Auction Tender Offer

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) announced today the preliminary results of its “Dutch Auction” tender offer which expired yesterday at midnight, New York City time. In the tender offer, Emmis offered to purchase for cash up to 20,250,000 shares of its Class A common stock at a price per share not less than $17.25 and…

    read more>>

  • Emmis Announces Q1 Earnings Call and Annual Shareholder Meeting

    Emmis Announces Q1 Earnings Call and Annual Shareholder Meeting On Tuesday, June 28, 2005, Emmis Communications will host a conference call to discuss first quarter earnings. Emmis Chairman/Chief Executive Officer Jeff Smulyan and Executive Vice President/Chief Financial Officer Walter Berger will host the call. To access this conference call, please dial 1.517.623.4891, or listen online…

    read more>>

  • Emmis Announces Satisfaction of Financing Condition under “Dutch Auction” Tender Offer

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) announced today that it has satisfied the financing condition under its “Dutch Auction” tender offer through an amendment to the credit facility of its principal operating subsidiary, Emmis Operating Company, and the delivery of a commitment notice for $300.0 million of Emmis floating rate senior notes due 2012. Emmis and…

    read more>>

  • Emmis to Present at 13th Annual Deutsche Bank Media Conference

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) Chairman and CEO Jeff Smulyan and EVP/CFO Walter Berger will be presenting at next week’s 13th Annual Deutsche Bank Media Conference. Emmis will present Tuesday, June 7, at 8:30 a.m. Eastern. A live audio stream of the presentation will be accessible by visiting the Emmis website, www.emmis.com. Emmis Communications —…

    read more>>

  • EMMIS ENTERS INTO A SETTLEMENT WITH HOLDERS OF ITS CONVERTIBLE PREFERRED STOCK

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) announced today that it has entered into settlement agreements with holders of more than 66?% of its outstanding convertible preferred stock to settle its previously announced lawsuit concerning the anti-dilution provisions of the convertible preferred stock. Successful resolution of the lawsuit allows Emmis’ previously announced “Dutch Auction” tender offer to…

    read more>>