Emmis Communications News

The radio business had an uneven first quarter, with more mixed results from broadcast groups last week.

In its second month of head-to-head competition with the new Horseshoe Cincinnati, Hollywood Casino in Lawrenceburg saw revenue plunge 34 percent, $12.2 million, compared with the same month last year, according to figures released last week by the Indiana Gaming Commission.

And Emmis CEO Jeff Smulyan says he has the product that will deliver "a perceptual change" about radio.

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A 17-year radio executive with Emmis and most recently Maverick Media of Rockford, Illinois, Chapman grew up in the broadcasting industry.

Emmis Communications released its earnings data on Wednesday. The company reported $0.11 EPS for the quarter, Stock Ratings Network reports.

The company noted, "Pro forma for station divestitures, EMMIS' radio net revenues for the fourth fiscal quarter were up 3%. Revenues reported to MILLER KAPLAN in the markets where EMMIS competes, excluding barter revenue, grew 2.8% during the quarter.

J Chapman is headed back into the Indiana radio business with a deal to buy six radio stations in Muncie and three nearby cities.

From an LA perspective, the most pertinent aspect of today's announcement from Emmis Publishing is contained in the very last paragraph.

Loud Digital, the premiere producer of original digital branded entertainment series, and Pepsi, the official soft drink of HOT 97's Summer Jam XX, present "The Road to HOT 97 Summer Jam," an eight episode video series highlighting what it takes to produce the biggest Hip Hop concert in the world.

Be silent when I signal you to be silent. Above all, clap with reckless abandon when I raise the "applause" sign.