Emmis Communications (EMMS) Reports Q2 EPS of $0.09
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Emmis Announces Second Quarter Earnings
October 8, 2015 6:00 AM EDTINDIANAPOLIS, Oct. 8, 2015 /PRNewswire/ --Â Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its second fiscal quarter ending August 31, 2015.
Emmis' radio net revenues for the second fiscal quarter were flat at $47.6 million. Per Miller Kaplan reporting, which excludes barter revenues and syndication revenues, Emmis' second quarter radio revenues were down 0.5% compared to local radio market revenues down 1.9%. Our New York cluster performed much better in the second quarter (up 4.3% in a market down 3.4%).
Emmis' Publishing division had another solid quarter, with revenues up 3.4%, and up 4.6% year to date. ... More
