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Items Tagged With: “Emmis Communications”
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Emmis' Smulyan & NBA owner Herbert Simon form new company to buy Emmis stock
Indiana Pacers owner Herbert Simon has teamed with Emmis Communications chairman, president & CEO Jeff Smulyan to buy common stock in Emmis. The latter says in the Indianapolis Star that he and Simon are aligning because “I believe our stock is undervalued.
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Emmis sues Hungary for political interference in radio bids
Emmis is going after an entire nation for what it terms “political interference.” Indianapolis-based Emmis International Holding, a unit of Emmis Communications and Bermuda-registered venture capital fund Accession Mezzanine Capital, says that media regulators in Hungary showed political favoritism in the “illegal transfer” of broadcast licenses fo… Read More
Emmis exec Paul Brenner winner of NAB Engineering Achievement Award
Paul Brenner, Emmis Senior VP & Chief Technology Officer and president of the Broadcaster Traffic Consortium, is the recipient of this year’s NAB Engineering Achievement Award for radio. He has also served the industry on the FCC Communications Security, Reliability and Interoperability Council working group for the Emergency Alert System’s CAP tec…
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Former Emmis executive Harry Clark to New York Public Radio
Clark will not have to change his travel habits for his new job as GM, Corporate Underwriting and Integrated Media Sponsorships at New York Public Radio. The studios of the non-commercial outlet are just a few blocks away from his former post, as Director of Strategy for Emmis Communications in lower Manhattan.
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Ed Lover makes a 1-day return to New York's "Hot 97"
It has been 13 years since Ed Lover was one half of the legendary Dre & Lover morning show on urban WQHT-FM (97.1) in New York City. For one day on Friday, Lover made his return to his former home to host a special midday show to promote the return of "Yo!
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Indianapolis news/talk WIBC creates a TV partnership for news & weather
The plan is for Emmis Communications-owned news WIBC-FM (93.1) in Indianapolis to partner with WRTV-TV, and both the radio and TV news station will share news and weather. Emmis VP/Market Manager Charlie Morgan says, “This partnership will allow us to provide Indianapolis viewers and listeners with the latest information wherever they are, whether … Read More
Joe Siegelbaum resigns from the Emmis Board of Directors
In an SEC filing from yesterday, attorney Joe Siegelbaum tendered his resignation from the board of Emmis Communications. Emmis says "the resignation was not due to any disagreement with Emmis on any matter relating to Emmis' operations, policies or practices." Siegelbaum's departure comes as Emmis begins a buyback of some of its 6.25% preferred no…
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Emmis extends the contract of EVP/CFO/COO Patrick Walsh
The contract for Emmis EVP/CFO/COO Patrick Walsh has been extended through September 3, 2013, according to a filing with the Securities and Exchange Commission. The terms of the deal include an annual base salary of $600,000, and the annual incentive compensation targets for 2012, 2013 and 2014 will remain 100% of his base compensation.
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Emmis officers receive bonuses following the Merlin Media sale
At the end of September, bonuses were paid to founder and chairman Jeffrey Smulyan, EVP/CFO/COO Patrick Walsh and
president of radio programming Rick Cummings. These were in addition to bonuses and salaries paid to them for the 2011 calendar year.
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Emmis creates a new social marketing company named "Incite"
Emmis Communications has been growing an internal unit with clients such as the New York City and Los Angeles County Departments of Health, State Farm Insurance and Purina. Now that internal unit becomes a standalone.
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On the heels of closing the Emmis-Merlin deal, Emmis faces de-listing
Just as the ink from the deal which had Emmis Communications sell Chicago's WLUP-FM (97.9), WKXQ-FM (101.1) and New York City's WRXP-FM (101.9) to Merlin Media closed, the Nasdaq Exchange notified Emmis that they face potential de-listing with their stock price still under $1. Emmis received $120 million for the three stations, but keeps a minority…
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Radio stocks hit hard on Wall Street for the 2nd time in three days
The wild roller coaster ride is making for a dizzying time for radio stocks. For the second time in three trading sessions, the Dow Jones Industrial Average plummeted more than 500 points, closing down 519 points on Wednesday.
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Emmis New York cluster OM Brian D'Aurelio is leaving
D'Aurelio is one of the biggest names at Emmis in New York City to announce he will be leaving, following the move by Emmis to sell alternative modern rock WRXP-FM (101.9) to Merlin Media. D'Aurelio was the evening host on WRXP, and was also the Operations Manager for WRXP, urban WRKS-FM (98.7) "Kiss-FM" and Hip-Hop WQHT-FM (97.1).
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Making Moves: Tuesday, June 28, 2011
Chaos is heading back to Columbus, Georgia, as former Clear Channel WVRK-FM (102.9) PD/DJ Chris Chaos is moving across town to PMB Broadcasting's WRCG-FM (106.9) as PD. The new rock WRCG will debut on July 4 ...
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Walter Sabo announced as COO of Randy Michaels-led Merlin Media
Michaels says "Walter has unparalleled experience and a true passion for this industry, making him a perfect fit to lead Merlin Media's operations. He has founded two businesses of his own in Sabo Media and Hitviews, and that core competency will be hugely valuable to us." The Sabo Media consultancy was begun in 1984 and has worked with Group W, RK…
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St. Louis all-sports "101 ESPN" WXOS names Kent Sterling as PD
Kent Sterling has spent two decades in Indianapolis, and is the former PD of sports WFNI-AM (1070) "The Fan" & Emmis-owned WIBC-FM (93.1). Sterling, who now operates a website about sports called KentSterling.com, is moving to St.
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Making Moves: Wednesday, May 11, 2011
Vicky James takes over as APD/midday host for Cox-owned Urban AC WJMZ-FM (107-3) in Greenville, South Carolina. James replaces Kelly Mac, who previously left for a job in Philadelphia ...
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Emmis receives an 8-year license extension in Slovakia
Indianapolis-based Emmis Communications was granted an eight-year extension to operate Radio Expres, based in Bratislava. The station, which plays a mix of pop music with news and information, started broadcasting on December 31, 1999, and Emmis acquired the right to operate Radio Expres in 2005.
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NYC's "Hot 97" DJ Mr. Cee caught with his pants down
Unfortunately for Emmis Communications-owned WQHT-FM (97.1) DJ Mr. Cee, that's also how the police report will describe it.
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Emmis amends its credit agreement
Indianapolis-based Emmis Communications, whose stock remains pennies above the $1 line, announced it is amending its credit agreement following approval from lenders. Facing $183 million worth of debt which was to be repaid this year, Emmis will now move the maturity date of that debt to November 2014, while raising the minimum yield to 12.25%.
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