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Emmis sells WQHT & WBLS
- Thread starter Rob Piotrowski
- Start date
J
Joylovepulse967
Guest
Why do you keep posting these frankly bizarre videos of a text-to-speech generator reading stories from radio news sites? They don't add anything.
Can someone explain this to me what there doing n y there doin it? There payin themselves to set up a new company? Its completely over my head.
Probably a question best answered by an accountant. Ultimately they may shut down the older company or spin it off to Smulyan or someone else. Smulyan is 72, so he may be looking for a way to retire and cash out, while keeping core assets within the company.
Thank you!!!
Emmis is a publicly traded company. You cannot just one day decide to sell a controlling stake in a publicly traded company to an outside party; you need shareholder approval. Soliciting shareholder approval for something of that magnitude is a costly undertaking subject to SEC disclosure regulations.
By setting up a new company, Standard General has much more control over selection of directors, compensation, acquisition or disposal of assets, etc.
By setting up a new company, Standard General has much more control over selection of directors, compensation, acquisition or disposal of assets, etc.
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