This is the third postponement of the called special shareholder meeting that founder, CEO and would-be buyer Jeff Smulyan hopes will lead to his taking the company private. The terms remain exactly the same, while it’s believed that Smulyan continues to negotiate with a balky group of preferred shareholders. On May 25, Smulyan offered to give holders of Emmis convertible preferred stock $30 for each $50 of their stock – 60 cents on the dollar. Owners of the “EMMS” common stock were offered $2.40 a share. The common stock has recently traded around $2.05 to $2.10, suggesting that Wall Street is skeptical about the deal closing at its current terms. Check the recent movement of Emmis stock here.