Emmis Reaches Agreement to Sell Controlling Interest in Austin Radio Cluster

For Immediate Release Contact: Ryan Hornaday, EVP/CFO, rhornaday@emmis.com Bob Sinclair, bobs7272@gmail.com, 512-409-0222 Indianapolis..Emmis Communications Corporation (Nasdaq: EMMS) has announced an agreement to sell its 50.1% controlling interest in a partnership that owns and operates six Austin radio stations and two FM translators to its partner, Sinclair Telecable, Inc., for $39.3 million, subject to customary prorations […]

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