Emmis Communications

Emmis Communications is an American media conglomerate based in Indianapolis, Indiana. Emmis, based on the Hebrew word for Truth, Emet[2] was founded by Jeff Smulyan in 1980. Emmis has owned many radio stations, including KPWR and WQHT, which have notoriety for their Hip Hop Rhythmic format as well as WFAN, which was the world's first 24-hour sports talk radio station. In addition to radio, Emmis has invested in TV, publishing, and mobile operations around the United States.

Emmis Communications
Public
IndustryBroadcasting
Founded1980 (1980)
FounderJeff Smulyan 
HeadquartersIndianapolis, Indiana
Key people
Jeffrey Smulyan
(founder)
ServicesRadio
Revenue114,131,000 US dollar[1] (2019) 
Number of employees
350[1] (28 February 2019) 
Websitewww.emmis.com/

History

1980s

In 1980, Emmis Broadcasting founder Jeffrey Smulyan purchased his first radio station, WSVL-FM Shelbyville, Indiana. In July 1981, Smulyan changed the format from country music to adult contemporary and renamed the station WENS and later to WLHK.

In 1982, Emmis acquired WLOL in Minneapolis, MN and quickly became a top contender for ratings.[3]

Around 1984, the company bought Magic 106 in Los Angeles, California; at the time, L.A. Lakers player "Magic" Johnson was an early spokesperson for the station. Emmis also bought KSHE in St. Louis in the same year.

In early 1986, Emmis changed Magic 106, which focused on traditional top 40 rock, to Power 106 KPWR, which would focus on dance, top40, and shock-jock talk.[4]

In 1987, Emmis made a series of purchases including WQHT, WYNY, and WNBC in New York, WKZX-FM in Chicago, WJIB in Boston, WKUU and KXXX in San Francisco, and KKHT-FM in Houston. They also acquired WAVA-FM in Washington, D.C. from the Doubleday Broadcasting Company. Both KPWR and WQHT would pioneer the urban contemporary rhythmic format. Emmis transformed WHN into the world's first all-sports radio station, WFAN.

In 1988, Emmis entered the world of publishing. Emmis purchased Indianapolis Monthly and added WKQX in Chicago to its radio portfolio. Also, Emmis acquired five NBC radio stations in 1988.[5]

Chairman and CEO Jeff Smulyan purchased the Seattle Mariners Major League Baseball team in 1989.[6]

1990s

Emmis kicked off the 1990s by selling KKHT-FM in Houston to Nationwide Communications in May 1990.

In 1991, Emmis sold two more stations: WLOL to Minnesota Public Radio[7] and KXXX, San Francisco, to Alliance Broadcasting. Also in 1991, KMGG became KPWR, "Power 106" and became the first rhythmic contemporary-focused top 40 formatted outlet.[8][9]

In 1992, Emmis sold WFAN, New York, to Infinity for $70M,[10] which was one of the highest prices ever paid for an AM radio station. Emmis also sold WAVA-FM, Washington D.C., to Salem Broadcasting[11] and WJIB, Boston, to Greater Media.[12] In the same year, Jeff Smulyan sold the Seattle Mariners to Nintendo.[13]

Emmis grew its publishing portfolio by adding Atlanta Magazine in 1993.[14] In the same year, Emmis launched its second hip hop station in America, Hot 97.[15] Emmis' Q101 in Chicago moved into an Alternative Rock Format.

In 1994, the company purchased WIBC and WKLR in Indianapolis from the Horizon Broadcast Corporation and WRKS in New York City from the Summit Communications Group. WKLR was changed from an oldies format to a classic hits format with the call letters of WNAP in September 1994.[16] Emmis became a public company, EMMS on NASDAQ, with an IPO on March 4, 1994.[17]

The following year, 1995, WQHT and KPWR were among the top rated radio station in each of their markets.[18] This resulted in a record-breaking accomplishment where Emmis was the first company to own top rated radio stations in the top 2 markets.[18] Later in 1996, WHHH (formerly WTLC-AM/FM) became top rated for Urban Adult Contemporary.[19]

Emmis entered the world of international radio in 1997 when the company was awarded a license to operate in Hungary, Sláger Radio, which debuted #1 nationwide and remained the country's most popular national radio station until the Hungarian government revoked the license in 2009.[20] Emmis added Cincinnati Magazine to its publishing group, as well as KIHT-FM and KPNT-FM in St. Louis to its rock collection.

In 1998, Emmis Broadcasting changed its name to Emmis Communications[21] and moved into its current headquarters on Monument Circle in Indianapolis.[22] Emmis acquired a lot of media in the same year including Texas Monthly,[23] WRXP in New York, WTHI and WWVR in Terre Haute, and six television stations in Honolulu, New Orleans, Green Bay, and Mobile, Alabama, from SF Broadcasting and in Terre Haute, Indiana, and Ft. Myers, Florida, from Wabash Valley Broadcasting[24] RadioNow was launched in Indianapolis as a Top 40 format.

To round out the century, Emmis purchased Country Sampler Magazine in 1999[25] and Liberty Media purchased 2.7 million shares of Emmis for approximately $150M.[26]

2000s

In 2005, Emmis changed the format of its first radio station from its long-term adult contemporary format to country, and the call letters were changed from WENS to WLHK. Emmis was also named one of Fortune's 100 Best Companies to Work For. In March of that year, Emmis Communications and 98.7 KISS-FM, New York, celebrated Women's History Month by introducing their first annual salute to Phenomenal Women (also referred to as the Phenomenal Woman Awards).[27]

n 2006, Emmis flipped KZLA Los Angeles to Adult Rhythmic Contemporary as "KMVN, Movin' 93.9". The move gave Emmis a companion station to complement KPWR. However, on April 15, 2009, KMVN switched to Spanish-language programming, KXOS, under a seven-year Local Marketing Agreement with Grupo Radio Centro of Mexico City.[28]

On June 9, 2009, Emmis announced it had formed a strategic alliance with StreamTheWorld, the radio industry's streaming technology and services company, to put all Emmis radio stations on a new streaming platform.[29]

2010s

On January 12, 2011, the share price of Emmis stock surged 42% as insiders speculated that the company could be close to selling off several of its radio stations. In its January, 2011 filing with the Securities and Exchange Commission, the company reported that it had the necessary cash to survive through February, 2011. "Absent asset sales, which the company is actively pursuing," Emmis attorneys stated in the regulatory filing, "the company believes it is unlikely it will be able to maintain compliance with the financial covenants after Sept. 1, 2011".[30]

On August 16, 2013, Emmis launched the NextRadio smartphone app on HTC One Android phones from Sprint.[31][32] A deal struck between the radio industry and Sprint facilitated the launch[33] which subsequently enabled FM radio support for the app on additional Android devices available on the Sprint wireless network.[34]

On October 12, 2016, Emmis announced that it would sell its radio stations in the Terre Haute cluster to Midwest Communications and DLC Media. Midwest Communications would acquire WTHI-FM and the intellectual property of WWVR while DLC Media would acquire WFNF, WFNB and the broadcast license for WWVR. Midwest Communications would also sell WDKE to DLC Media to stay under FCC ownership limits. The sale was consummated on January 27, 2017.[35][36][37]

On March 1, 2017, Emmis annoumced it had sold four of its magazines (Atlanta, Cincinnati, Los Angeles, and Orange Coast) to Hour Media Group, LLC for $6.5 million. It also sold Texas Monthly to Genesis Park, LP for $25 million.[38]

On May 9, 2017, Emmis announced that it ould sell KPWR to The Meruelo Group for $82.75 million. The announcement came after Emmis made a deal in April with its lenders to seek $80 million worth of divestments by January 2018 to amend its credit agreement. The Meruelo Group began operating the station under an LMA on July 1, 2017, until the sale was consummated on August 1, 2017.[39][40][41]

On January 30, 2018, Emmis announced it would leave the St. Louis market, selling KSHE and KPNT to Hubbard Broadcasting, and KFTK and KNOU to Entercom.[42]

In June 2019, Emmis announced that it would sell its controlling stake in its Austin stations to its minority partner Sinclair Telecable Inc. (d/b/a Sinclair Communications, unrelated to Sinclair Broadcast Group).[43]

On July 1, 2019, Emmis announced that it would sell its New York City stations WQHT and WBLS to Mediaco Holding—an affiliate of Standard General—for $91.5 million, a $5 million promissory note, and a 23.72% stake in the new company. Mediaco Holding will be a public company, and Emmis will continue to manage the stations.[44] The sale was completed November 27, 2019.[45]

On April 24, 2020, Emmis announced that it would voluntarily delist from the Nasdaq, citing cost-saving concerns.[46]

Company portfolio

Emmis Interactive, Inc.

Current clients include: Astral Media, Corus Entertainment, Emmis Radio, Greater Media, Lincoln Financial Media, and Renda Broadcasting,

Emmis Interactive was sold to Marketron in October 2012.[47][48]

Magazines

Former Emmis-owned magazines

NextRadio app
NextRadio Live Guide

The NextRadio smartphone app was developed by Emmis, with support from the National Association of Broadcasters, to take advantage of mobile devices with activated internal FM receivers.[49] NextRadio allows users of select FM-enabled smartphones to listen to live broadcast FM radio while receiving supplemental data such as album art, program information, and metadata over the internet.[50][51] Launched in August 2013 through a radio industry agreement with Sprint Corporation,[52] the app was preloaded on select devices and was also available for download in the Google Play Store.[53]

The NextRadio app is powered by TagStation, an Emmis-developed cloud data service for enhanced radio broadcasting.[54][55] TagStation allows broadcasters a web-based platform for managing supplemental content for delivery to the NextRadio app,[56] HD Radio receivers,[57] and connected car dashboards.[58]

During the quarter ended November 30, 2018, Emmis decided to dramatically reduce the scale of operations in TagStation, LLC and NextRadio, LLC. In connection with this decision, the company recognized $1.2 million of severance related to the termination of 35 employees.[59] Emmis Chairman and CEO Jeff Smulyan said on the company's second quarter earnings call that Emmis was “unwilling and unable” to continue funding the NextRadio and TagStation businesses.[60]

Radio

Currently owned stations – Europe
  • Rádio Expres in Slovakia
  • Sláger Rádió in Hungary. Emmis Communications' Hungarian national radio station, Sláger, was taken off the air on November 18, 2009 because of the expiration of its broadcasting license. The license were given to another radio station, but Emmis went to court and won the trial on July 14, 2010.

Currently owned stations – United States
Location Callsign Frequency Branding Format
Indianapolis, Indiana WFNI 107.5 MHz
1070 kHz		 The Fan Sports
WIBC 93.1 MHz 93 WIBC News/Talk
WLHK 97.1 MHz Hank FM Country
WYXB 105.7 MHz B105.7 Adult Contemporary
New York, New York WBLS 107.5 MHz 107.5 WBLS Urban Adult Contemporary
WEPN-FM 1 98.7 MHz 98.7 ESPN Sports
WLIB 1190 kHz 1190 WLIB Urban Contemporary Gospel
WQHT 97.1 MHz Hot 97 Urban Contemporary
  1. Operated by ESPN Radio/LMA by the Walt Disney Company under a local marketing agreement

Former Emmis-owned radio stations
  • Now owned by The Meruelo Group
  • Sold to Merlin Media
    • Chicago-WKQX;Q101 Chicago, the intellectual property of the station during Emmis's ownership, operated online by Broadcast Barter Radio Networks. WKQX currently owned by Cumulus Media.
    • WLUP-FM-Sold with WKQX; now owned by Educational Media Foundation as of 2018.
  • Now owned by Entercom
    • New York City – WFAN-FM – managed by Emmis from 1996 to 2001. Owned by Emmis 2001–2011. Was WQCD CD 101.9 playing Smooth Jazz/AC from August 1988 to February 2008. Became Modern Rock/Triple A hybrid WRXP in 2008. Sold to Merlin in 2011 – flipped to All News WEMP in July. Reverted to Rock as WRXP in the Summer of 2012. Sold To CBS and flipped to Sports WFAN-FM simulcasting WFAN November 2012
    • WHN/WFAN – 1986–1988 – bought the station as WHN which played Country and Southern Pop daytime and sports at night. Emmis expanded the Sports format to full-time on July 1, 1987 and dropped the WHN calls in favor of WFAN. Sold only the station license and transmitter (excluding building, contents, and intellectual WFAN Unit) to Spanish Broadcasting System to buy the 660 AM WNBC license and transmitter (and again excluding the WNBC Intellectual unit, building space, and contents such as equipment) to move the intellectual WFAN unit there. In October 1988 when WFAN's Unit moved to 660, 1050 took a Spanish AC format and became WUKQ. SBS swapped the station to Jewish Forward for 97.9 FM. The Spanish AC format went to 97.9 FM as WSKQ and the Jewish/Ethnic/Brokered programming from the WEVD unit moved to AM 1050 making that station WEVD. WEVD became an affiliate of ESPN Radio in 2001 and sold to ABC soon after becoming WEPN. When the ESPN Radio format went to 98.7 as WEPN-FM, AM 1050 took the Spanish feed of ESPN radio as WEPN.
    • WFAN – 1988–1992 – The WFAN All Sports unit moved from 1050 to 660 October 1988. Neither Emmis or CBS claim history of AM 660 prior to 1988 when the station was WNBC playing a mix of talk, AC, Sports, and oldies (Was Hot AC and Top 40 in the late 1970s until about 1985) while Emmis does claim 1050's history. Emmis kept Imus In The Morning but otherwise 660 was WFAN's Intellectual unit. Emmis sold WFAN to Infinity Radio in 1992 which in a corporate deal became owned by CBS in 1997.
    • St. Louis – KNOU – 96.3
    • St. Louis – KFTK-FM – 97.1
  • Now owned by Midwest Communications
    • Terre Haute, Indiana WTHI-FM – 99.9
  • Now owned by DLC Media
    • Terre Haute, Indiana WFNB – 92.7
    • Terre Haute, Indiana WFNF – 1130
    • Terre Haute, Indiana WWVR – 105.5
  • Now owned by Salem Media Group
  • Now owned by Hubbard Broadcasting
  • Sold to former minority shareholder Sinclair Telecable (unrelated to television broadcaster Sinclair Broadcast Group)

WorldBand Media HD Radio deal

Emmis announced on September 9, 2008 that it had teamed up with digital radio network WorldBand Media and would be using the "HD-3" subchannels to produce programming for the South Asian communities in Chicago (on WLUP), Los Angeles (on KPWR), and New York (on WQHT), and would include a combination of local and international content that should be available by mid-October 2008.[63]

Television

In May 2005, Emmis announced its intent to sell some or all of the 16 television stations they owned at the time. In August 2005, the company announced the sale of nine television stations, as well as four more in October, an additional station in May 2006, another station in February 2007, and its final station in May 2008. Emmis no longer owns any television stations.[64]

Former Emmis-owned television stations

Stations are arranged alphabetically by state and by city of license.

Notes:

  • (##) – Indicates a station owned by Silver King Broadcasting prior to its acquisition by Emmis in 1998.
  • (¤¤) – Indicates a station owned by Lee Enterprises prior to its acquisition by Emmis in 2000.
City of license / Market Station Channel
TV (RF)		 Years owned Current ownership status
Mobile - Gulf Shores, Alabama WALA-TV ## 10 (9) 1998–2005 Fox affiliate owned by Meredith Corporation
WBPG 55 (25) 2003–2006 The CW affiliate, WFNA, owned by Nexstar Media Group
Tucson, Arizona KGUN ¤¤ 9 (9) 2000–2005 ABC affiliate owned by the E. W. Scripps Company
Cape Coral - Fort Myers - Naples, Florida WFTX-TV 36 (35) 1998–2005 Fox affiliate owned by the E. W. Scripps Company
Clermont - Orlando -
Daytona Beach, Florida		 WKCF 18 (17) 1998–2006 The CW affiliate owned by Hearst Television
Honolulu KHON-TV ## 2 (8) 1998–2006 Fox affiliate owned by Nexstar Media Group
KGMB ¤¤ 9 (now 5 (23)) 2000–2007 CBS affiliate owned by Gray Television
Terre Haute, Indiana WTHI-TV 10 (10) 1998–2005 CBS affiliate owned by Allen Media Broadcasting
Topeka, Kansas KSNT ¤¤ 27 (27) 2000–2006 NBC affiliate owned by Nexstar Media Group
Wichita - Hutchinson, Kansas KSNW ¤¤ 3 (45) 2000–2006 NBC affiliate owned by Nexstar Media Group
Great Bend, Kansas KSNC ¤¤
(satellite of KSNW)		 2 (22) 2000–2006 NBC affiliate owned by Nexstar Media Group
Garden City, Kansas KSNG ¤¤
(satellite of KSNW)		 11 (11) 2000–2006 NBC affiliate owned by Nexstar Media Group
McCook, Nebraska KSNK ¤¤
(satellite of KSNW)		 8 (12) 2000–2006 NBC affiliate owned by Nexstar Media Group
New Orleans, Louisiana WVUE-DT ## 8 (29) 1998–2008 Fox affiliate owned by Gray Television
Grand Rapids - Battle Creek -
Kalamazoo, MI		 WXMI 17 (19) 1998 1 Fox affiliate owned by the E. W. Scripps Company
Omaha, Nebraska - Council Bluffs, Iowa KMTV ¤¤ 3 (45) 2000–2007 2 CBS affiliate owned by the E. W. Scripps Company
Manchester, New Hampshire WMUR-TV 9 (9) 2000–2001 3 ABC affiliate owned by Hearst Television
Albuquerque - Santa Fe, New Mexico KRQE ¤¤ 13 (13) 2000–2005 CBS affiliate owned by Nexstar Media Group
Portland, Oregon KOIN ¤¤ 6 (40) 2000–2006 CBS affiliate owned by Nexstar Media Group
Tacoma - Seattle, Washington KTZZ 22 (25) 1998 1 MyNetworkTV owned-and-operated (O&O), KZJO
Huntington - Charleston, West Virginia WSAZ-TV ¤¤ 3 (23) 2000–2005 NBC affiliate owned by Gray Television
Green Bay, Wisconsin WLUK-TV ## 11 (11) 1998–2005 Fox affiliate owned by Sinclair Broadcast Group

Notes:

Board of directors
  • Jeff Smulyan – Chairman of the Board, President and CEO; former owner of Major League Baseball's Seattle Mariners
  • Susan Bayh – Visiting Professor, Butler University
  • Gary Kaseff – Executive Vice President and General Counsel
  • Richard Leventhal – President & Majority Owner of LMCS, LLC.
  • Peter Lund – Media Consultant and former President & CEO of CBS Television.
  • Greg Nathanson – former Television Division President
  • Lawrence Sorrel – Tailwind Capital Partners
  • Patrick Walsh – Chief Operating Officer and Chief Financial Officer
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See also
  •  Indiana portal
  •  Companies portal

References
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  2. "Hebrew Word of the Week - Emet". www.hebrew4christians.com. Retrieved 2019-11-12.
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  4. "How and Why of KPWR's Popularity". Los Angeles Times. 1988-10-18. Retrieved 2019-12-12.
  5. Fabrikant, Geraldine (1988-02-20). "Emmis to Buy 5 NBC Radio Stations". The New York Times. ISSN 0362-4331. Retrieved 2019-12-12.
  6. "Baseball Ownership Has Become a Lot More Than Dollars and Sense". Los Angeles Times. 1989-10-20. Retrieved 2019-12-12.
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  19. "Ratings Report & Directory" (PDF). R&R. 2: 91. Volume 2/1996. Check date values in: |date= (help)
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  27. 98.7 KISS-FM (7 April 2005). "Emmis communications/98.7 KISS-FM celebrated Women's History Month by introducing its first annual salute to Phenomenal Women". Press Release. Emmis Communications.
  28. Emmis Press Release April 15, 2009 Archived June 28, 2010, at the Wayback Machine
  29. Emmis Press Release June 9, 2009 Archived June 28, 2010, at the Wayback Machine
  30. Emmis surges as industry anticipates radio sale
  31. "Emmis and Sprint Roll Out NextRadio -- FM-enabled Smartphone App for Consumers".
  32. "Rock Out with New NextRadio App on Red Hot HTC One Exclusively from Sprint Beginning Aug. 16 | Sprint Newsroom".
  33. http://www.radioworld.com/article/sprint-to-launch-smartphones-with-fm-capability-aug-/220863
  34. http://newsroom.sprint.com/news-releases/sprint-customers-to-enjoy-local-fm-radio-on-smartphones-via-fm-radio-chip.htm
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  36. "Emmis, Midwest & DLC Media Make Deals In Terre Haute". RadioInsight. 18 October 2016.
  37. "DLC Media Sets Plans For New Terre Haute Stations".
  38. Emmis Communications Sells Off Four City Magazines, Paste Magazine, 1 March 2017, Retrieved 2 March 2017.
  39. "Emmis Sells Power 106 Los Angeles To Mereulo Group" from Radio Insight (May 9, 2017)
  40. Looking At The KPWR Deal RadioInsight - May 9, 2017
  41. "Meruelo Takes Over KPWR; Sets New Management" from Radio Insight (July 6, 2017)
  42. Holleman, Joe. "Emmis Communications leaving St. Louis market with sale of KSHE, 3 other radio stations". stltoday.com. Retrieved 2018-01-31.
  43. "Emmis Exits Austin Market With Sale To Sinclair Telecable". Insideradio.com. Retrieved 2019-06-16.
  44. "Emmis Forms New Mediaco Holding Company With Standard General, To Transfer WBLS And WQHT (Hot 97)/New York To New Entity". All Access. Retrieved 2019-07-02.
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  46. Burris, Alexandria. "Emmis Communications voluntarily delisting from NASDAQ". IndyStar.com.
  47. "Emmis sells Emmis Interactive to Marketron".
  48. "Archived copy". Archived from the original on 2015-04-02. Retrieved 2015-03-17.CS1 maint: archived copy as title (link)
  49. "NextRadio: Delivering the Hybrid Radio Experience". NAB.org.
  50. "What We Do". Emmis.com.
  51. O'Malley, Chris (September 14, 2013). "Emmis' 'NextRadio' app mimics traditional FM radio". Indianapolis Business Journal.
  52. "Sprint customers to enjoy local FM radio on smartphones via FM radio chip". Sprint Newsroom. January 8, 2013.
  53. "NextRadio". Google Play Store.
  54. "What We Do – NextRadio and TagStation". Emmis.com.
  55. "TagStation®". TagStation.com. Archived from the original on 2015-04-19. Retrieved 2015-04-21.
  56. "TagStation". TagStation.com.
  57. "Artist Experience®". HD Radio®.
  58. "iBiquity Digital and TagStation Unveil World's First Automotive Platform Converging Digital Radio Broadcasting and Mobile Application Technologies". PR Newswire. Jan 5, 2015.
  59. Emmis-Form-10-Q-November-30-2018 https://www.emmis.com/wp-content/uploads/2019/01/Emmis-Form-10-Q-November-30-2018-FINAL.pdf
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  61. http://www.insideradio.com/free/emmis-exits-austin-market-with-sale-to-sinclair-telecable/article_2b03cce8-8b9b-11e9-8c44-03931d1486fa.html
  62. "Emmis Sells L.A.’s Power 106 to Meruelo Group for $82.75 Million" (Variety, May 9, 2017)
  63. "Emmis partners with WorldBand Media to launch HD channels for South Asian communities". Radio-Info.com. September 1, 2008.
  64. "News". TV Week. April 18, 2006. Archived from the original on May 14, 2006. Retrieved April 27, 2006.
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