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Emmis Communications Corp. Message Board

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  • longtimefollower longtimefollower Jun 22, 2011 12:05 PM Flag

    Post deal valuation of EMMS

    Strangely enough, today's Inside Radio suggests that a going private transaction is NOT in the cards. But the commentary around the subject seems opaque...or even to lead one to the opposite conclusion. Is this a "ruse"?


    Excerpt:

    Smulyan tells Inside Radio that while he can’t rule out [sic..should read
    "doesn't anticipate"]further deals with Merlin, or any other station sales, it’s something that can never be entirely ruled out. “We’ve talked openly about selling these three stations, and there are no active plans to sell anything else.” A fresh attempt at going private is also not the end game either. Emmis has talked about partnering with other investment firms once its refinancing is completed. “The most important thing is to keep this company going, and this gives us a chance to see better days,” he says.

    insideradio.com ($) to subscribe, and get the full story. (There are multiple stories on this transaction in today's issue.)

 
EMMS
1.850.00(0.00%)Dec 24 12:59 PMEST

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