Emmis exit Paul Fiddick has resigned as International Division President at Emmis Communications. He will receive a lump sum payment of approximately $509,000 and continue as a director of Emmis International, providing strategic advisory services to the company.
Emmis renewal Emmis Communications founder and CEO Jeff Smulyan has signed a new three-year contract, but reduced his initial base salary to $792,259 from $833,957. He did, however, get a $200K signing bonus and performance units having a value, if earned, of $700,000, provided the company hits EBITDA targets.
CEO Jeff Smulyan should resign or be fired and replaced, not rewarded for taking EMMS into the toilet of broadcasting. DEBT and poor business decisions and operations have killed this company, Your seeing the demise of a old media business in a dinosaur industry. SELL and get out is my suggestion, this dog is going bankrupt very soon.