Breaking: Emmis meeting adjourned to September 8th


Emmis Communications will try a 9th time to have shareholders vote on measures to clear the way for a going private buyout by CEO Jeff Smulyan. The meeting convened for an 8th time Friday morning (9/3) and adjourned until 6:30 pm ET next Wednesday (9/8). Smulyan is still trying to come to terms with dissident preferred shareholders and his now-estranged financial backer, Alden Global Capital. The announcement Friday morning says an agreement is “unlikely,” but still worth pursuing.

RBR-TVBR note: Review – search at “Emmis” for all related reports.
Emmis shareholders awaiting word…again
Alden Global Capital walks on Emmis buyout