August 19, 2006 |
Talk about your quick career shifts. At 10 a.m. on Thursday, Peter Tilden and Ashley Paige were still morning-drive hosts at KZLA-FM (93.9), billed as "America's most listened to country station." At 10:15, they were notified that the station's format was changing immediately from country to pop and that they were out of work. "We're all fully aware of this possibility in radio, especially in such a volatile market the size of L.A.," Paige said later.
August 5, 2006 |
The chief executive of Emmis Communications Corp. said he had withdrawn a 3-month-old offer to take the Indianapolis-based radio and television broadcaster private because he could not reach an agreement with the board of directors. The company's shares, which soared after CEO Jeffrey Smulyan publicized his roughly $567-million offer in May, fell to $13 in extended trading, down 10% from their close of $14.52. Smulyan formed Emmis in 1980 and took it public 14 years later.
June 20, 2006 |
Emmis Communications Corp., a radio and TV broadcaster, hired investment banks Morgan Stanley and Lazard Freres & Co. to advise the company on an offer by Emmis Chief Executive Jeffrey Smulyan to take it private. Smulyan on May 8 offered to pay $15.25 a share, or $567 million. Indianapolis-based Emmis owns radio stations in New York, Chicago and Los Angeles, plus Los Angeles magazine.
May 9, 2006 |
A week after losing a bid to buy the Washington Nationals baseball team, the chief executive of Emmis Communications Corp. said Monday that he would try to purchase his company in a deal valued at $567 million. If the buyout succeeds, Jeffrey H. Smulyan will take the Indianapolis-based media group into the private sector even as it struggles to regain profit from sluggish advertising sales. Smulyan, who already owns nearly 17% of the company, made a nonbinding offer of $15.
September 30, 2005 |
Broadcaster Emmis Communications Corp. of Indianapolis agreed to sell four television stations for $259 million and said it would invest $100 million in its chief executive's bid for the Washington Nationals baseball team. Buyout firm Blackstone Group and SJL Broadcast Group will acquire Emmis' stations in Portland, Ore.; Honolulu; and Wichita and Topeka, Kan., Emmis said.
August 13, 2004 |
A Midwest communications company has agreed to pay $300,000 in indecency fines in a settlement with the Federal Communications Commission. As part of the settlement, Indianapolis-based Emmis Communications Corp. agreed that segments of a morning radio show, "Mancow Morning Madness," that described sex in crude and graphic terms were indecent and that it would clean up its programs.