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Emmis Communications Corp (EMMS.OQ)

EMMS.OQ on NASDAQ Stock Exchange Global Select Market

3.46USD
14 Dec 2017
Change (% chg)

$-0.08 (-2.26%)
Prev Close
$3.54
Open
$3.51
Day's High
$3.56
Day's Low
$3.42
Volume
3,456
Avg. Vol
7,754
52-wk High
$3.86
52-wk Low
$2.14

Latest Key Developments (Source: Significant Developments)

Emmis announces Q2 earnings pro forma radio revenues up 2 pct
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Emmis Communications Corp :Emmis announces second quarter earnings; pro forma radio revenues up 2%.Emmis Communications Corp - ‍Emmis' radio net revenues for second fiscal quarter were $41.8 million, compared to $46.0 million in prior year​.Emmis Communications Corp qtrly earnings per share $5.59‍​.Emmis Communications Corp qtrly total net revenues $42.8 million versus $58.8 million.  Full Article

Emmis Communications to sell assets of Texas Monthly of Genesis Park affiliate
Friday, 14 Oct 2016 

Emmis Communications Corp :Announces signing of an agreement to sell assets of Texas Monthly to an affiliate of Genesis Park LP for $25 million.  Full Article

Emmis announces second quarter earnings
Thursday, 6 Oct 2016 

Emmis Communications Corp : Emmis announces second quarter earnings . Emmis Communications Corp qtrly total net revenues $58.8 million versus $62.5 million .Emmis Communications Corp qtrly diluted net income per common share $0.03.  Full Article

Smulyan delivers letter to committee of disinterested directors of Emmis Communications
Saturday, 17 Sep 2016 

Emmis Communications Corp :On Sept 16, delivered letter to committee of disinterested directors of Emmis Communications extending deadline for responding to proposal until Sept 30.  Full Article

Moody's - Emmis buyout would lead to increase in leverage levels
Thursday, 1 Sep 2016 

Emmis Communications Corp :Moody's says Emmis buyout would lead to increase in leverage levels.  Full Article

Emmis receives takeover proposal from E Acquisition Corp
Friday, 19 Aug 2016 

Emmis Communications Corp : Emmis Communications receives proposal to acquire the corporation's outstanding public shares . $4.10 cash per share offered for Emmis Communications Corporation's public shares . Proposal does not include a financing condition . In response to proposal, board announced that it has formed a special committee of disinterested directors to consider proposal . Smulyan and other directors of Emmis who will join purchaser will not participate in evaluation of proposal . E Acquisition Corp, owned by Jeffrey Smulyan, CEO and controlling shareholder of Emmis has made a non-binding proposal for Emmis . Emmis expects this process to have no impact on day-to-day operations. . Proposal states E Acquisition Corp has obtained committed acquisition facility from affiliate of Falcon Investment Advisors, Llc . Under terms of Emmis' articles of incorporation, potential transaction will be a "going private" transaction . Proposal states that purchaser to invite other investors, which will include certain other officers and directors of Emmis . Proposal also states that transaction will be subject to approval by Emmis' shareholders . Offer indicates that if deal is consummated, buyer intends to reduce Emmis' debt by selling certain non-core assets of business.  Full Article

Emmis qtrly earnings per share $0.06
Thursday, 7 Jul 2016 

Emmis Communications Corp : Emmis announces first quarter earnings . Qtrly total net revenues $56 million versus 58.5 million . Qtrly earnings per share $0.06 .Says publishing net revenues were down 16% in first fiscal quarter, from $15.5 million to $13.1 million.  Full Article

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