Emmis Communications said it had $7.5 million in net income in th...
Emmis Communications said it had $7.5 million in net income in the 2nd quarter ended Aug. 31, reversing a $6.8 million loss a year earlier. It attributed $10 million of the turnaround to a write-off on debt reduction last…
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year. The company also sold nearly $1 million in assets in the 2nd quarter, with no such sales a year ago. Chmn. Jeff Smulyan said: “In radio, we outperformed our markets by 4.5%, while in television we outperformed our markets by 3.8%.”