I wanted to ask everyone on here....Is Emmis trying to exit the radio business? I read that they are selling their Indianapolis stations.
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Emmis Broadcasting
- Thread starter BJSteigner
- Start date
Smulyan has been very honest and direct: They're getting out of radio:
www.insideradio.com
They still own a few stations in NY, and they'll address them when the LMAs are up.
Emmis Sold Its Last Cluster, But Still Has Some Radio Loose Ends.
Emmis Communications this week announced it was selling its Indianapolis cluster to Urban One in a transfer that will largely usher the Jeff Smulyan-led company out of the radio business.
They still own a few stations in NY, and they'll address them when the LMAs are up.
Looks like it's the end of the line for Emmis....They were a great company. I guess Smulyan wants to focus on other Emmis brandsSmulyan has been very honest and direct: They're getting out of radio:
Emmis Sold Its Last Cluster, But Still Has Some Radio Loose Ends.
Emmis Communications this week announced it was selling its Indianapolis cluster to Urban One in a transfer that will largely usher the Jeff Smulyan-led company out of the radio business.
They still own a few stations in NY, and they'll address them when the LMAs are up.
Plus he's 75 years old.
I was thinking someone would take over the company....But I guess not.
Someone may, but it won't be a radio company.
The Insideradio article mentions that Emmis will probably hold on WEPN 98.7 till at least 2024, because they continue to lease it to Good Karma under a LMA that extends for a couple more years, It also reaffirms that they are trying to sell WLIB 1190 AM. As the owner of WABC has indicated he wants to buy a station for a nostalgia music format, maybe he'll pick it up?
I have reason to believe that the new Latino Media Network backed by Soros is engaged in negotiations for a "bunch" of stations like WLIB.
It appears that they want to have progressive talk voices for both the Hispanic and Black communities and/or for the English Dominant and Spanish Dominant Hispanic communities. So, they are looking for two stations in each market in the top Hispanic markets.
That’s interesting. Might they use some of the FMs they recently picked up for that? For instance LMN is buying both an AM and FM in DFW from Univision.
That FM is about as useful as a surfboard in Prudhoe Bay.
In Fresno, they got two three FMs. In the LRGV they got 2 FMs and a 50 kw AM.
Emmis sold them a while back. They are now owned by MediaCo. Emmis is a stakeholder in the company, but they do not own Hot or BLS. The only stations Emmis still owns are WEPN and WLIB.
Iconic schmiconic im not hoping for that since i dont listen to either.
I personally find it doubtful that GKB will end up retaining 98.7 after the current lease runs its course. Much more likely it ends up going to MediaCo (or whatever successor or acquirer ends up with those assets in 2 or 3 years) or SBS.
On the other hand, they just bought a bunch of ESPN's AMs around the country, so they now have some assets to base a solid bid for this license. It really benefits ESPN to have a station in New York. By the same token, it's also very easy for Emmis to simply extend the LMA for two more years. Or sell it to MediaCo, who continues the LMA with Good Karma.
Of the recent acquisitions by Good Karma, I'd wager 98.7 in New York is probably the most profitable. It's actually got decent ratings. And unlike WMVP in Chicago and KSPN in LA, it doesn't have Disney selling the transmitter out from under them.
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