1-8-15
The company reported earnings for September, October, and November. Net revenue increased 6 percent in markets, Emmis says were down 1.6 percent in the Miller Kaplan report. Emmis also says it's pacing up mid-single digits for its fourth fiscal quarter.
Emmis CEO Jeff Smulyan said, ?It is a credit to our employees that Emmis? stations again dramatically outperformed our markets, marking the 12th consecutive month of share gains. Power 106 in LA was up 18 percent in a flat market, and our New York cluster was up for the quarter and is now significantly outperforming the NY market. With an improving labor market and lower energy prices helping to put more money into the consumer?s hands, we are excited about the economic backdrop as we head into 2015.?
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