Emmis Completes Sale of Interest in Argentine Radio

Emmis is out of Argentina.
The publicly held broadcaster said it has completed the previously announced sale of its controlling interest in Votionis, an Argentine broadcasting company that runs an AM and an FM station, to local minority partners for $7.3 million in cash.
The company had stated earlier it was selling the interests in order “to geographically target its international efforts.”
Emmis International now consists of a nationwide station in Hungary and nine FM stations in the Flanders region of Belgium.