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

Small firms thrive as customers seek more unique clothing

Aug 21, 2018

LONDON — Claudio Belotti knows he cut the denim that became the jeans Meghan Markle wore on one of her first outings as the fiancee of Britain's Prince Harry. That's because he cuts all of the fabric for Hiut Denim Co., a 7-year-old company that makes jeans in Cardigan, Wales. Belotti is a craftsman with 50 years of experience that gives his work a personal touch — something that's not quite couture but not exactly mass-produced either. "There's a story behind each one," Belotti said. "You're paying for the skill." Customer demand for something unique is helping small companies like...

Malaysian PM says China-financed projects canceled

Aug 21, 2018

BEIJING — Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren't needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister Mahathir Mohamad told reporters on the final day of a visit to Beijing on Tuesday. Mahathir told Malaysian reporters that both Chinese President Xi Jinping and Premier Li Keqiang understood the reasons behind the cancellations and "accepted them." The projects, comprising a $20 billion East Coast Rail Link and two energy pipelines worth $2.3 billion, had already been suspended pending renegotiation. "It's all about pouring in too much money which we cannot...

Global shares mostly gain, focus on China-US talks, Fed

Aug 21, 2018

TOKYO — Global shares were mostly higher in subdued trading Tuesday, tracking gains in Asia despite doubts over the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: France's CAC 40 climbed 0.5 percent to 5,406.69 and Germany's DAX added 0.5 percent at 12,388.87. Britain's FTSE 100 was virtually unchanged, slipping by less than 0.1 percent to 7,586.77. The future contract for the Dow Jones industrial average rose 0.1 percent to 25,789.00 while the contract for the S&P 500 added less than 0.1 percent to 2,859.20. FEDERAL RESERVE: Minutes from the Federal Reserve's last policy meeting...

El Salvador, Taiwan break ties as China isolates island foe

Aug 21, 2018

TAIPEI, Taiwan — Taiwan broke off diplomatic ties with El Salvador on Tuesday as the Central American country defected to rival Beijing in the latest blow to the self-ruled island China has been trying to isolate on the global stage. The break in ties means Taiwan is recognized as a sovereign nation by only 17 mainly small, developing countries. In Beijing, Chinese Foreign Minister Wang Yi announced that his government had established ties with El Salvador. "History will prove that establishing diplomatic relations with China is in full accordance with the fundamental and long-term interests of the country and the...

Asian shares gain despite doubts over US-China trade talks

Aug 21, 2018

TOKYO — Asian shares were mostly higher Tuesday amid doubts about the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: Japan's benchmark Nikkei 225 gained 0.3 percent in morning trading to 22,273.82 and South Korea's Kospi added 0.9 percent to 2,268.16. Hong Kong's Hang Seng climbed 0.5 percent to 27,729.63, and the Shanghai Composite jumped 1.4 percent to 2,737.13. Shares were higher in Taiwan and Southeast asia but Australia's S&P/ASX 200 lost 0.9 percent to 6,288.60. WALL STREET: The S&P 500 rose 0.2 percent to 2,857.05. The Dow Jones Industrial Average climbed 0.3 percent to...

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!