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

Britain's Prince Philip, 97, recovers after Land Rover crash

Jan 20, 2019

LONDON — Queen Elizabeth II's 97-year-old husband Prince Philip was recovering at the royal Sandringham estate after the Land Rover he was driving rolled over on its side in a collision with another vehicle. An alarming photo showing Philip's toppled black Land Rover dominated the front pages Friday of Britain's tabloids. The Daily Mirror's headline read: "Philip, 97, cheats death in crash." Buckingham Palace said Philip received a "precautionary checkup" at the Queen Elizabeth Hospital in King's Lynn on Friday and was found to have "no injuries of concern." Witness Roy Warne told the BBC he was driving home from...

Prince Philip, queen's husband, uninjured after car accident

Jan 20, 2019

LONDON — Queen Elizabeth II's husband, Prince Philip, was involved in a car crash Thursday while driving in rural England but was not injured. Buckingham Palace said Philip, 97, was checked by a doctor after the accident and determined to be fine. The palace said the two-car accident happened Thursday afternoon near Sandringham Estate, the queen's country retreat in eastern England. Witnesses told the BBC Philip appeared "very shocked" and shaken after the collision, which caused the Land Rover he was driving to overturn. Norfolk Police said the drivers of both cars, a Land Rover and a Kia, were given...

Baby boy or girl? It seems Harry and Meghan don't know yet

Jan 20, 2019

LONDON — Prince Harry and his wife Meghan have apparently chosen not to learn the gender of the baby they are expecting this spring. Meghan, the Duchess of Sussex, told schoolchildren during a visit to Birkenhead on Monday that she doesn't know whether she is carrying a boy or a girl. Kitty Dudley, 9, said after meeting the couple: "I asked her if she was having a girl or a boy and she said she didn't know." The meeting happened when Meghan talked to a number of children at St. Anne's Catholic Primary School in the town, which is 210...

Van Morrison sings at friend's funeral in Northern Ireland

Jan 20, 2019

LONDON — Van Morrison has performed one of his best-loved songs at the funeral of his longtime friend, the historian and politician Ian Adamson. Morrison sang "Into the Mystic" — one of his most mysterious, evocative songs — at Adamson's funeral Monday at Conlig Presbyterian Church in Northern Ireland. The 1970 song was apparently Adamson's favorite. The funeral was also attended by Irish President Michael Higgins and ex-Formula One racing star Eddie Irvine. Adamson was a former Lord Mayor of Belfast and the author of a series of books exploring the roots of Northern Ireland's identity. He died Wednesday at...

Hugh Grant seeks return of script after theft from his car

Jan 20, 2019

LONDON — British actor Hugh Grant has a plea for the thief who broke into his car: Please return the script that inside. Grant, who shot to fame in "Four Weddings and a Funeral" in 1994, tweeted about the break-in late Sunday night. He said that in "the unlikely chance that anyone knows who broke into my car tonight and stole my bag, please try and persuade them to at least return my script." There were, he added, many weeks' worth of "notes and ideas." It is not clear what script he was working on. He asked for the script...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!