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Emmis Communications Corp

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.
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.
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 said he had withdrawn a 3-month-old offer to take the Indianapolis-based radio and television broadcaster private because he could not reach an agreement with the board of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.
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.
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.
January 21, 2006 | From Reuters
Walt Disney Co. may pick a buyer for its ABC Radio assets within a week or two, sources close to the deal said Friday, and Kohlberg Kravis Roberts & Co. and Entercom Communications Corp. may end up bidding against each other to determine a winner. The protracted sale of ABC Radio has drawn several other bidders, including radio rivals Emmis Communications Corp., Cumulus Media Inc. and Citadel Broadcasting Corp.
October 26, 1999 | From Bloomberg News
AT&T Corp.'s Liberty Media Group, a cable-television programming company run by John Malone, agreed to buy a 14% stake in Emmis Communications Corp. for $150 million, its first radio broadcasting investment. Liberty Media would buy 2.7 million shares of Indianapolis-based Emmis' Class A stock at about $55.56 each, about 1.7% less than Friday's closing price. The purchase would make Liberty Media the No.
April 27, 2010 | Bloomberg News
A group led by Emmis Communications Corp. Chief Executive Jeffrey Smulyan offered to buy the owner of radio stations in New York and Los Angeles in a deal that values the company at about $90 million. JS Acquisition Inc. and Alden Global Capital offered $2.40 a share for all of the Class A common stock of Indianapolis-based Emmis, according to a statement Monday. The offer is 10 cents, or 4.3%, higher than the April 23 closing price of $2.30. Emmis owns KPWR-FM (105.9) in Los Angeles, which ranked No. 11 in the most recent Los Angeles-Orange County ratings.
October 18, 2002 | Chuck Philips, Times Staff Writer
KPWR-FM decided Thursday to inform listeners about its business ties to rap act Shade Sheist -- whose music the station has played more than any other broadcaster in the nation. The move follows an article this week in The Times disclosing that Sheist's music is produced by a senior executive at KPWR-FM and released by Baby Ree Entertainment, a company financed by Emmis Communications Corp., the Indianapolis-based radio conglomerate that owns KPWR-FM.
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