Sales at Emmis Communications for the three months ended Aug....
Sales at Emmis Communications for the three months ended Aug. 31 fell 6 percent from a year earlier to $57 million. Emmis said some of the drop was because it got rid of some stations during the last year. On…
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a pro-forma basis sales gained 1 percent to $55 million. The company is trying to refinance so it can lower its interest expenses and increase free cash flow, CEO Jeffrey Smulyan said. Its net income swung to $40 million from a $4.6 million loss a year earlier on one-time gains related to the sale of some assets.