Month: May 2008


  • Emmis Announces Dividend on Convertible Preferred Stock

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) announced that its Board of Directors declared a dividend for its 6.25% convertible preferred stock (NASDAQ: EMMSP), with a record date of July 1, 2008 and a payable date of July 15, 2008. The per share dividend for the quarter is $.78125. One share of Emmis preferred stock is convertible…

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  • Emmis Interactive Announces New Affiliate Deal with iTunes

    CHICAGO, May 12 /PRNewswire-FirstCall/ — Emmis Interactive, Inc., the U.S. radio industry’s leader in generating interactive revenues, today announced a licensing agreement with the iTunes Store to market its custom Storefront technology to other radio stations and media companies. The Emmis Storefront technology, used exclusively to date by Emmis Communications radio stations, allows a station…

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  • Emmis Communications Reports 4th Quarter and Full-Year Results

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its fourth fiscal quarter and full year ended Feb. 29, 2008. “Our Emmis team delivered great results during our fiscal fourth quarter under very difficult operating conditions,” Emmis Chairman and CEO Jeff Smulyan said. “Each of our businesses showed remarkable progress. Pro forma net revenues were…

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  • Emmis Announces Sale of WVUE-TV in New Orleans

    Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced it has signed a definitive agreement to sell Fox affiliate WVUE-TV to Louisiana Media Company, LLC, which is principally owned by Tom Benson, owner of the New Orleans Saints. The purchase price is $41 million, with after-tax proceeds expected to be approximately $35.5 million. In addition, Emmis retains…

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  • Emmis hires industry veteran as Senior Vice President of Sales

    Indianapolis…At a time when many companies are limiting sales resources, Emmis Communications Corporation (NASDAQ: EMMS) today announced it has hired Terry Hardin for the newly created position of senior vice president of sales for the company’s radio division. “We see this as a critical opportunity. Terry’s leadership will be an important step in delivering the…

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