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

Science and commercial satellites launched from California

May 23, 2018

LOS ANGELES — A SpaceX Falcon 9 rocket successfully launched a pair of U.S.-German science satellites and five commercial communications satellites into orbit from California on Tuesday. The rocket roared off from a pad at Vandenberg Air Force Base at 12:47 p.m. and arced over the Pacific Ocean west of Los Angeles as it headed toward the South Pole. Its upper stage deployed the research satellites minutes after reaching orbit. The satellites for Iridium Communications' next-generation fleet were released in a process completed a little more than an hour after liftoff. The Falcon 9's first stage was previously used for...

The Latest: Commercial satellites deployed by SpaceX rocket

May 23, 2018

VANDENBERG AIR FORCE BASE, Calif. — The Latest on the launch of seven satellites from California (all times local): 2:10 p.m. A SpaceX rocket launched from California has successfully deployed five communications satellites. The deployment of the commercial Iridium Communication's satellites Tuesday followed the release of a pair of U.S.-German science satellites designed to study the movement of water masses across the Earth. The communications satellites are part of Iridium's $3 billion effort to replace its entire globe-circling fleet with next-generation orbiters. The first stage of the SpaceX Falcon 9 rocket was used previously for a launch in January. There...

APNewsbreak: Pentagon adopts new cellphone restrictions

May 23, 2018

WASHINGTON — After months of debate, the Defense Department approved Monday new restrictions for the use of cellphones and some other electronic devices in the Pentagon where classified information is present or discussed. But officials stopped far short of imposing an all-out ban. The memo, which was obtained by The Associated Press, largely clarifies current procedures and calls for stricter adherence to long-held practices that require phones be left in storage containers outside secure areas where sensitive matters are discussed. But it makes clear that cellphones can still be used in common areas and other offices in the Pentagon if...

Experts: China far side lunar mission potentially historic

May 23, 2018

BEIJING — China's ambition to soft-land a spacecraft on the far side of the moon later this year faces considerable challenges, but if successful would propel the country's space program to the forefront of one of the most important areas of lunar exploration, experts say. China hopes to be the first country to complete such a landing. On Monday, it launched a relay satellite to facilitate communication between controllers on Earth and the upcoming Chang'e 4 mission. The moon's far side is also known as the dark side because it faces away from Earth and remains comparatively unknown. Creating the...

Consumer Reports raises concerns over Tesla Model 3 braking

May 23, 2018

DETROIT — Long emergency stopping distances, difficult-to-use controls and a harsh ride stopped Tesla's Model 3 electric car from getting a recommended buy rating from Consumer Reports. While the magazine said the car has exhilarating acceleration and handling, testers were troubled by its 152-foot average stopping distance from 60 miles per hour in emergency braking tests. The magazine said the distance was worse than any modern car it has tested, and is about 7 feet longer than a Ford F-150, a full-size pickup truck that weighs about twice as much as a Model 3. Tesla said in a statement that...

About Us

Science Tech Today is all about the present with what’s new in the Science and Technology world. “Keep up with today, and don’t be left behind.”

Contact us: sales[at]sciencetechtoday.com

Subscribe Now!