Indianapolis….Emmis Communications Corporation (Nasdaq: EMMS) today announced it has completed the transfer of WKQX-FM (101.1 MHz, Chicago, IL), WLUP-FM (97.9 MHz, Chicago, IL) and WRXP-FM (101.9 MHz, New York, NY) to Merlin Media LLC (“Merlin Media”), and the sale of a controlling interest in Merlin Media to Chicago-based private equity firm GTCR and Randy Michaels. […]