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Emmis Communications Corp. Message Board

  • david_a_rankin david_a_rankin Jan 12, 2011 5:07 PM Flag

    EMMS Volume = 2,965,762 Up 41.86%

    Probably one for the record books. Go EMMS!

    Date Jan. 12,2011
    Close 1.22
    Up 0.36
    Up 41.86%
    Volume 2,965,762

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    • FYI:

      Emmis Radio Revenue Up In Fiscal Third Quarter

      January 12, 2011
      Emmis Communications has released its results for the company's fiscal third quarter of 2010, and while the company took an overall loss, the radio division saw an increase in revenue. Domestic radio revenue for Emmis grew roughly seven percent, from almost $41.8 million a year ago to approximately $44.9 million in Q3. The company's stations in St. Louis, Indianapolis and Austin outperformed their market average, while stations in New York, Los Angeles and Chicago did not. Operating profit for Emmis' radio division was up 33 percent to $13.5 million.

      Net revenue for Emmis grew 2.9 percent, from $64.6 million to $66.5 million in the fiscal Q3, which ended November 30, 2010. However, it took a $1.6 million loss overall, compared to a $1.6 million profit in Q3 '09.

3.76+0.06(+1.62%)Oct 25 3:59 PMEDT