NetworkNewsBreaks – Emmis Communications Corp. (NASDAQ: EMMS) Posts Fiscal Q4, Full-Year Financial Results

Emmis Communications (NASDAQ: EMMS) recently reported results for its fourth fiscal quarter and full-year ending February 28, 2018. Among other highlights, the company reported radio net revenues for the fourth fiscal quarter of $28.4 million, a decrease of 16% from $34.0 million in the prior year. The company also reported full year radio revenues of $142.9 million compared to $165.1 million in the prior year, demonstrating a decrease of 13%. Including the net proceeds from the company’s recently-finalized sale of its St. Louis radio stations, Emmis has less than $20 million of net credit facility debt outstanding. “In the last 12 months, we have paid down over $120 million of senior debt, leaving us on firm financial footing and providing flexibility as opportunities present themselves,” Emmis Communications CEO and Chairman of the Board Jeff Smulyan stated in the news release. “Ratings for our New York radio stations remain strong, and they are rebounding nicely in Indianapolis. The NextRadio team has done a tremendous job rolling out Dial Report, an industry-wide data attribution platform, and we believe it is uniquely positioned to meet the growing demand for robust analytics and insights into the behaviors of radio listeners.”

To view the full press release, visit http://nnw.fm/p1Fu4

About Emmis Communications Corp.

Emmis Communications is a diversified media company, principally focused on radio broadcasting. Emmis owns 16 FM and 3 AM radio stations in New York, Los Angeles, St. Louis, Austin (Emmis has a 50.1% controlling interest in Emmis’ radio stations located there) and Indianapolis. One of the FM radio stations that Emmis currently owns in New York is operated pursuant to a Local Marketing Agreement by a third party. Emmis also developed and licenses TagStation®, a cloud-based software platform that allows a broadcaster to manage album art, meta data and enhanced advertising on its various broadcasts, developed NextRadio®, a smartphone application that marries over-the-air FM radio broadcasts with visual and interactive features on smartphones, and has introduced the Dial Report to give radio advertising buyers and sellers big data analytics derived from a nationwide radio station network, smartphone usage, location-based data, demographic profiling and listening data. For more information, visit the company’s website at www.Emmis.com.

More from NetworkNewsBreaks

NetworkNewsBreaks – EVIO, Inc. (EVIO) Posts Fiscal Q2 2018 Financial Results NetworkNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Subsidiary Enters Manufacturing and Supply Agreement in California NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) JV Completes Setup of 10,000 sq. ft. Greenhouse Space

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

Malaysians transfixed by luxury goods seized from ex-PM flat

May 23, 2018

KUALA LUMPUR, Malaysia — In 10 days of dramatic political developments, none has transfixed Malaysians more than the sight of truckloads of orange boxes containing Hermes Birkin handbags and luggage filled with cash and jewelry being seized from apartments linked to former Prime Minister Najib Razak. Najib's wife, Rosmah Mansor, was known for her love of Birkin bags and her opulent lifestyle, but television footage of the police haul has Malaysia gasping with shock. It is possibly the most sensational image of elite corruption in Asia in the three decades since former Philippine first lady Imelda Marcos and her extravagant...

Pilots warn of weak taxiways at Bangkok's busy airport

May 23, 2018

BANGKOK — A pilots' organization is warning that soft ground conditions at Bangkok's main international airport, a major regional hub, can cause its taxiways and aircraft parking positions to buckle or otherwise fail. The warning issued this week by the International Federation of Air Line Pilots' Association says soft spots have been reported by flight crews and ground service providers at Suvarnabhumi International Airport since at least 2008. The group issued a similar warning four years ago. The group, which represents over 100,000 pilots worldwide, said it was told by the airport's operator, Airports of Thailand, that the cause of...

Is 92 too old to lead? Malaysia's Mahathir doesn't think so

May 23, 2018

KUALA LUMPUR, Malaysia — The longtime strongman was born when silent films still packed movie theaters and Adolf Hitler was still a fringe politician. It was 1926, and his homeland was known as British Malaya. Now Mahathir Mohamad is 92 years old. He is also Malaysia's newest prime minister. It's been 37 years since he first had the job, and 15 since he retired from it. All of that raises an obvious question: How old is too old to run a country? Mahathir, for one, insists he has time left. "I am, of course, quite old. No, I am very...

Singapore euthanizes 27-year-old polar bear born in tropics

May 23, 2018

SINGAPORE — Inuka, the world's first polar bear born in the tropics, was euthanized Wednesday by the Singapore Zoo, officials said. The 27-year-old bear suffered from age-related ailments including arthritis, and its limbs became too weak to support its over 500-kilogram (1,100-pound) frame. The zoo said this resulted in injuries to its abdomen and paws which did not respond well to weeks of intensive treatment. A team of veterinarians and keepers decided not to revive the bear after it was anesthetized Wednesday for a thorough health check. "Looking at all the symptoms it is quite clear that from ... Inuka's...

Indonesia's Aceh canes couples for public shows of affection

May 23, 2018

BANDA ACEH, Indonesia — Indonesia's deeply conservative Aceh province on Friday caned several unmarried couples for showing affection in public and two women for prostitution before an enthusiastic audience of hundreds. The canings were possibly the last to be done before large crowds in Aceh after the province's governor announced earlier this month that the punishments would be moved indoors. The caning last year of two men for gay sex before a baying mob drew international attention to Aceh's increasingly harsh implementation of Shariah law and a wave of condemnation. The women accused of prostitution were caned 11 times each....

Sign up now!