It was a good news/bad news fiscal Q4 for Emmis Communications, which wrapped up its 2017 business year on Feb. 28.
Total net revenue declined to $43.5 million, from $50.9 million.
For its core radio division, Emmis’ fiscal Q4 net revenues fell 6.6%, to $34 million.
But, the company’s consolidated net loss was narrower in fiscal Q4, moving to $7.6 million (62 cents per share) from $9.5 million (85 cents per share).
Fiscal 2017 was also mixed, and in his company’s conference call with investors to discuss the results, Emmis Chairman/CEO Jeff Smulyan focused on the future—and that’s all about NextRadio, the sale of WLIB, saluting the St. Louis cluster for a great fiscal Q4, and overcoming what’s looking to be a poor fiscal Q1 2018 for the company.
