EMMIS COMMUNICATIONS DELAYS TRACKING STOCK PLANS

Indianapolis – EMMIS Communications Corporation (NASDAQ: EMMS) today announced that it has postponed plans to separate its radio and television businesses and that it will reconsider the separation when equity market conditions become more favorable.

“The company was prepared to file a registration statement with the SEC to create tracking stocks for our radio and television businesses,” Executive Vice President/CFO Walter Berger said. “But given the current market conditions in the media sector, we decided not to move forward immediately. Instead, we will continue to evaluate our tracking stock plan as equity market conditions change over the next several quarters.”

In May, 2000, the company announced that it was evaluating structural alternatives for separating its radio and television businesses and postponed its annual shareholders meeting as it worked on separation plans. EMMIS has now scheduled its annual shareholders’ meeting for 11 a.m. on Wednesday, January 10, 2001.

Emmis Corporation
Facebook-f Twitter Linkedin

Privacy Policy | Terms of Service | Transparency in Coverage (TIC)

Emmis is an equal opportunity employer. We believe in the dignity and the worth of every individual.  We will not discrimi­nate against or favor any employee or applicant, or make any decision or take any action, based on race, color, national origin, citizenship status, creed, religion, religious affiliation, age, sex, marital status, sexual orientation, gender identity, disability, veteran status, or any other protected status. Emmis also prohibits any discriminatory or demeaning language, emphasis, characterization or conduct by its employees that may harass, intimidate, insult, ridicule, emphasize, or characterize another person because of his/her race, color, religion, national origin, sex, age, sexual orientation, disability or other legally-protected status or characteristic.

Scroll to Top