Emmis Edges Up in its Fiscal Q4


Emmis CommunicationsPresident & CEO Jeff Smulyan was proud of his group for continuing its long-term trend of outperforming its markets. It produced an actual net revenue pro forma gain during its Q4 2015, but a non-cash impairment charge poked a hole in the margins.

On an as-reported basis it increase 20% to $38.8M; pro forma, it increased 0.8%, which  is not as impressive but looks good compared to the way Q1 went for most radio companies.

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