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Monday, February 6, 2012

Emmis may have new trouble with preferred shareholder Kevan Fight

From today's TRI Newsletter: Kevan Fight was part of the “lock-up group” that recently agreed to vote its preferred shares together, hoping for a better deal in the Emmis “Dutch auction” buyback. It's likely that Emmis didn’t re-purchase as many shares as it wanted, and now Double Diamond Partners principal Kevan Fight uses $300,521 of his personal… Read More

Friday, February 3, 2012

Making Moves: Friday, February 3, 2012

Making Moves In Fredericksburg, VA., Centennial Broadcasting promotes Chuck Archer to OM of its cluster there. He was Production Director for Hot AC WBQB “B101.5” and adult standards WFVA (1230). Read More

Tuesday, January 31, 2012

Emmis draws closer to controlling two-thirds of the vote of its preferred stock

Emmis From today's TRI Newsletter: If Emmis Communications does gain voting control over 66.67% of its preferred stock, it could amend the rules under which the preferred stock operates in ways that would let Emmis management sleep a little better. For instance, it could "eliminate the rights of holders of preferred stock to nominate directors as a resul… Read More

Friday, January 27, 2012

Radio vet Kesha Monk, coping with Stage III cancer, needs our help

Our prayers and well-wishes go out to Kesha Monk, former midday personality on Emmis Urban AC WRKS “98.7 Kiss FM” New York. Kesha was diagnosed with stage III colon cancer and is need of help from her peers in the Radio industry. Read More

Thursday, January 12, 2012

Emmis' latest quarter was "transformative" but "disappointing"

Emmis Young-end revenues were a challenge, says Emmis CEO Jeff Smulyan, with movie and cellular business weaker than expected. For the fiscal quarter ended November 30, U.S. Read More

Monday, January 9, 2012

Two BlackBerry models turn on their FM Radio circuitry

BlackBerry 7.1 Jan 2012 From the CES in Las Vegas: Updating their existing BlackBerry Curve 9360 or 9380 models to the just-announced OS 7.1 will activate the existing FM chip in those phones. BlackBerry parent Research in Motion says the new app "allows users to tune in and enjoy local FM radio stations" without using a data plan. Read More

Friday, January 6, 2012

Matt Pinfield joins Cumulus as new "Flashback" host on 219 outlets

Matt Pinfield Matt Pinfield gets major props from Cumulus Media to host its classic rock weekend show “Flashback” on 219 radio properties worldwide, starting January 20. The show features music and pop culture from the '60s through the '80s. Read More

Tuesday, January 3, 2012

Emmis to buy back $2.6M in preferred shares, at the top of "Dutch auction" range

Emmis $2.6 million is less than half of the dollar value of shares of 6.25% preferred stock that Emmis offered to buy on November 30. At that time, it was willing to pay between $12.50 and $15.56 a share for between 480,000 and 385,604 shares. Read More

Monday, December 19, 2011

Deja vu for Emmis: another “lock-up group” of shareholders

Emmis From today's TRI Newsletter: Emmis CEO Jeff Smulyan faced a similar group of preferred shareholders in the Spring of 2010, when he tried to take Emmis private for the second time. Now Kevan Fight and Zazove Associates are back, as part of a lock-up group of preferred shareholders who agree to act together to (as they say) prevent the weakening of t… Read More

Friday, December 16, 2011

Major Trendz Entertainment to Launch Urban Radio Network

Jonesey Last week, Major Trendz Entertainment Corporation announced it would be getting into the radio syndication game with Miss Jones, who was recently let go from Clear Channel’s WUSL “Power 99” Philadelphia, amidst several lawsuits brought against the morning diva and the company. Now, Major Trendz Entertainment says it will launch a full-time satellit… Read More

Tuesday, December 13, 2011

Emmis raises its offer on the Dutch auction buyback of preferred shares

Emmis The original minimum offer was $12.50 per share, and on Monday, Emmis says it’s willing to start at $14. Any shares already tendered at less than $14 will get the new minimum price. Read More

Wednesday, November 30, 2011

First-day November Arbitron PPMs, for NYC, L.A., Chicago and 9 more

12 markets are newly released, and you can view them on the Ratings Page of Radio-Info.com, here. New York: Clear Channel's AC "Lite" WLTW, 5.8-5.7-6.0, holds onto first place with age 6+ AQH share. Read More

Wednesday, November 30, 2011

Dutch auction time: Emmis offers to buy back up to $6 million in preferred stock

Emmis A Dutch auction allows stockholders to "indicate how many shares and at what price(s) they wish to tender their shares, within the specified price range", says Emmis. The company will then make its own selection, and pay the same price for all the shares it agrees to buy. Read More

Monday, November 28, 2011

Tarsha "Jonesy" Jones exits "Power 99" WUSL Philadelphia

Jonesey Clear Channel Philadelphia has cut its ties with Urban WUSL “Power 99” morning diva Tarsha “Jonesy” Jones. This after two separate lawsuits were filed against the morning host and Clear Channel, according to Philly.Com.The latest claims that Jones defamed a local Philadelphia business woman, Tracey Parson, on air on October 14. Read More

Tuesday, November 22, 2011

Emmis settles with dissident shareholder Alden via $16.3M purchase

Emmis Busy week for Emmis, which struck a deal with a Sam Zell-related fund for $35 million in funding, then sued a former board member for breach of fiduciary duty. Now Emmis says it will pay shareholder Alden Global Capital $15.75 for each of its 1,035,925 shares of Emmis preferred stock. Read More

Monday, November 21, 2011

WRKS "Kiss Fm" New York is now streaming!

WRKS Emmis Urban AC WRKS “987 Kiss FM” New York, is now finally available as a stream online. It’s the first of many new online ventures which Emmis has with crowd-sourcing entity Jelli. Read More

Sunday, November 20, 2011

Emmis sues former board member Joseph Siegelbaum for breach

Emmis It was disclosed earlier this week that Siegelbaum, an attorney with the law firm of Goodwin Procter LLP, had resigned from the Emmis board prior to the expiration of his one-year term. He was one of two board members nominated by the holders of Emmis preferred stock. Read More

Friday, November 11, 2011

Emmis uses new relationship with Merlin to buy out some preferred shareholders

Emmis Emmis is now armed with up to $35 million in new financing to buy back some preferred shares. The company believes the purchase prices are favorable ("below the closing price of the preferred stock on November 10"). Read More

Friday, October 28, 2011

Emmis claims Hungary violated its treaty obligations in Slager Radio deal

Emmis Exactly two years ago, the Hungarian radio regulator ORTT refused to renew the license of Emmis to operate Radio Slager, and instead gave it to what Emmis calls an entity "with close ties to the two largest Hungarian political parties." The same thing happened to Danubius Radio, which had been run by Accession Mezzanine Capital. Emmis and AMC appea… Read More

Thursday, October 20, 2011

Austin's newest station is a laugh riot: "Comedy 102.7"

Emmis is basing its new FM translator-carried station on the "24/7 Comedy Radio Network", which is also supplying programming in markets such as Kansas City. Emmis market manager Scott Gillmore says Austin is "renowned for its live music scene and music-loving residents", and now "the growing comedy scene and laugh-loving Austinites will have a pla… Read More

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