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BUSINESS
April 4, 2009 | Alicia Lozano
For the second time in less than three months, a local English-language radio station is switching to Spanish-language programming. KMVN-FM (93.9), the home of deejay Rick Dees, is handing the microphone over to Grupo Radio Centro, which owns 14 stations in Mexico, on April 15. "The station is certainly improving its ratings, but is currently not profitable," Ryan Hornaday, a spokesman for Emmis Communications Corp., said Friday.
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BUSINESS
April 1, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
Indianapolis-based radio station owner Emmis Broadcasting Corp. has agreed to pay $307 million in cash and stock to buy four television stations from New York-based SF Broadcasting, which is owned 50-50 by USA Networks Inc. and News Corp.'s Fox. The stations are in Honolulu; New Orleans; Mobile, Ala.; and Green Bay, Wis. In a separate deal, Emmis will buy two stations from privately held Wabash Valley Broadcasting, also based in Indianapolis, for $90 million.
BUSINESS
August 20, 2006 | Charles Duhigg and Geoff Boucher, Times Staff Writers
Cowboy crooners know that more country music is sold in Los Angeles than anywhere else, a distinction on display Thursday night when singers Faith Hill and Tim McGraw opened the first of three sold-out shows at the Staples Center. But Los Angeles listeners would have trouble finding Hill, McGraw or any other twangy troubadours on the radio dial: On Thursday, the city lost its last country music broadcaster when KZLA-FM (93.
BUSINESS
August 20, 2006 | Charles Duhigg and Geoff Boucher, Times Staff Writers
Cowboy crooners know that more country music is sold in Los Angeles than anywhere else, a distinction on display Thursday night when singers Faith Hill and Tim McGraw opened the first of three sold-out shows at the Staples Center. But Los Angeles listeners would have trouble finding Hill, McGraw or any other twangy troubadours on the radio dial: On Thursday, the city lost its last country music broadcaster when KZLA-FM (93.
BUSINESS
April 4, 2009 | Alicia Lozano
For the second time in less than three months, a local English-language radio station is switching to Spanish-language programming. KMVN-FM (93.9), the home of deejay Rick Dees, is handing the microphone over to Grupo Radio Centro, which owns 14 stations in Mexico, on April 15. "The station is certainly improving its ratings, but is currently not profitable," Ryan Hornaday, a spokesman for Emmis Communications Corp., said Friday.
BUSINESS
August 23, 2005 | From Bloomberg News
Emmis Communications Corp., a broadcaster with radio stations in New York, Los Angeles and Chicago, said it would sell nine of its 16 television stations for $681 million to cut debt and focus on radio. Its shares rose 9.2%. LIN TV Corp. will buy five of the stations for $260 million, and Journal Communications Inc. will purchase three stations for $235 million. Gray Television Inc. will buy WSAZ in Huntington-Charleston, W.Va., for $186 million, Emmis said.
BUSINESS
August 5, 2006 | From Reuters
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.
ENTERTAINMENT
August 13, 2004 | Lynn Smith
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.
ENTERTAINMENT
August 19, 2006 | Randy Lewis
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.
BUSINESS
August 5, 2006 | From Reuters
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.
BUSINESS
June 20, 2006 | From Bloomberg News
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.
BUSINESS
May 9, 2006 | From the Associated Press
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.
BUSINESS
September 30, 2005 | From Bloomberg News
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.
ENTERTAINMENT
August 13, 2004 | Lynn Smith
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.
BUSINESS
June 20, 2006 | From Bloomberg News
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.
BUSINESS
April 1, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
Indianapolis-based radio station owner Emmis Broadcasting Corp. has agreed to pay $307 million in cash and stock to buy four television stations from New York-based SF Broadcasting, which is owned 50-50 by USA Networks Inc. and News Corp.'s Fox. The stations are in Honolulu; New Orleans; Mobile, Ala.; and Green Bay, Wis. In a separate deal, Emmis will buy two stations from privately held Wabash Valley Broadcasting, also based in Indianapolis, for $90 million.
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