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Tuesday, August 23, 2016

Jeff Smulyan Offers to Take Emmis Communications Private

Friday, August 19, 2016
Aug 19th 2016, 12:40, by radioinfo
emmis logoJeff Smulyan Offers to Take Emmis Communications Private.  Via his E Acquisition Corp., Emmis Communications chairman and CEO Jeff Smulyan is offering to take Emmis private by acquiring outstanding, publicly held shares of Emmis for $4.10 per share in cash.  That's a 3% premium above the August 18 closing price of Emmis' stock ($4.00).  Smulyan has backing lined up from Falcon Investment Advisors.  The offer also includes the commitment to sell many of its publishing assets as well as WLIB-AM, New York and its four Terre Haute, Indiana signals – country WTHI, classic rock WWVR, hot AC WFNB, and sports talk simulcast WFNF/W258BA.
Gary Nolan to Program Adult Contemporary WMAG, Greensboro.  Most recently serving as program director for Cumulus Media's news/talk KCMO-AM/FM, Kansas City, programmer Gary Nolan returns to thenolangary music radio world as the new PD for iHeartMedia's adult contemporary WMAG, effective Monday (8/22).  In the past Nolan has worked at KOSI, Denver and KRWM, Seattle.  He says, "I'd like to thank Rich McMillan, Jeff Wyatt, Meg Stevens, Dave Carwile and Bill McMartin for this amazing opportunity.  It's an honor to take over the reins of this heritage radio station.  I'm also looking forward to working with the incredibly talented Lora Songster.  We're going to have a blast and do great radio.  I can't wait to get started!"
The post Friday, August 19, 2016 appeared first on RadioInfo.