Emmis Communications said its net revenue for the first quarter was off about 1% from a year earlier. Net revenue was $136.8 million. Radio revenues alone were off about 5% in the first three months of the year. The company also has television and publishing arms. The company said broadcast cash flow and after-tax cash flow both improved. “With the bulk of our leverage issues addressed, we look forward to being opportunistic in the near term,” said Chairman and CEO Jeff Smulyan. In the first quarter, Emmis sold shares and completed the sale of two stations, using the proceeds to reduce debt.
Special Report: WJEH Goes DARC for Remote Control of AoIP
Summit Technology integrates Arrakis line for West Virginia station
User Report: Logitek Brings Compact AoIP to Alaska Broadcaster
mixIT’s size and powerful package appeal to Frontier Media