|Emmis has been informed that JS Acquisition, Inc., an Indiana corporation ("JS Acquisition") whose equity securities are owned entirely by Mr. Jeffrey H. Smulyan, the Chairman, Chief Executive Officer and President of Emmis, and JS Acquisition, LLC, an Indiana limited liability company ("JS Parent") that is wholly owned by Mr. Smulyan, is further extending its tender offer to purchase all of Emmis' outstanding shares of Class A common stock for $2.40 per share in cash until 5:00 p.m., New York City time, on Wednesday, September 8, 2010. The tender offer, as previously extended, was originally scheduled to expire at 5:00 p.m., New York City time, on Thursday, September 2, 2010.|
EMMS - Emmis Broadcasting Corp - Page 2
Emmis Communications -- Great Media, Great People, Great Service® (http://www.emmis.com)
Emmis is an Indianapolis-based diversified media firm with radio broadcasting, television broadcasting and magazine publishing operations. Emmis owns 23 FM and 2 AM domestic radio stations serving the nation's largest markets of New York, Los Angeles and Chicago as well as Phoenix, St. Louis, Austin, Indianapolis and Terre Haute, IN. In May 2005, Emmis announced its intent to seek strategic alternatives for its 16 television stations, and the Company has sold 13 of them. In September the Company announced it had signed an agreement to sell St. Louis radio station WRDA-FM. Emmis owns a radio network, international radio stations, regional and specialty magazines and ancillary businesses in broadcast sales and book publishing.
That 20 Simple moving average about to pass over for some bulls looks like. Not to mention the PE is way undervalued.
That large buy yesterday at EOD has enough buying volume to hold up any sells. This thing should go back up to .76 area fast on low buying volume. Take a look at the chart this thing is setting up a base for a breakout.
1 hours 15 minutes ago - PR Newswire via Comtex
On Thursday, May 10, 2012, Emmis Communications (Nasdaq: EMMS) will host a conference call to discuss fourth-quarter and full-year earnings. Emmis Chairman/Chief Executive Officer Jeff Smulyan and Chief Financial Officer/Chief Operating Officer Patrick Walsh will host the call.
Based on feedback the company has received, we are asking for questions to be submitted via email before and during the call. After opening comments from Smulyan and Walsh, we will respond to questions submitted via email at email@example.com.
To access the fourth-quarter earnings conference call, please dial in at 1-517-623-4891.