Emmis Communications (EMMS) Reports Q2 Loss of $0.03 on Revenues of $32.05M
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Emmis Announces Second Quarter Earnings
October 11, 2018 6:00 AM EDTINDIANAPOLIS, Oct. 11, 2018 /PRNewswire/ --Â Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its second fiscal quarter ending August 31, 2018.
Emmis' radio net revenues for the second fiscal quarter were $30.7 million, down from $41.8 million in the prior year. Sales of radio stations (KPWR in LA in August 2017 and four radio stations in St. Louis on April 30, 2018) make our reported results not comparable year-over-year.
Pro forma for all radio station sales, Emmis' second quarter radio revenues as reported to Miller Kaplan, which excludes barter revenues and syndication revenues, were down 7% in markets... More
