February 23, 2018 / 1:06 PM / 6 months ago

BRIEF-Emmis Announces Agreements To Sell Its St. Louis Radio Stations For $60 Mln

Feb 23 (Reuters) - Emmis Communications Corp:

* PRESS RELEASE - EMMIS ANNOUNCES AGREEMENTS TO SELL ITS ST. LOUIS RADIO STATIONS FOR $60 MILLION

* EMMIS ANNOUNCES AGREEMENTS TO SELL ITS ST. LOUIS RADIO STATIONS FOR $60 MILLION

* EMMIS - NET PROCEEDS, AFTER DEDUCTING DEAL-RELATED COSTS AND ESTIMATED TAX PAYMENTS, WILL BE USED TO REPAY TERM LOANS OUTSTANDING

* EMMIS COMMUNICATIONS CORP - LOCAL MARKETING AGREEMENTS (LMAS) OF STATIONS WILL START MARCH 1

* EMMIS COMMUNICATIONS - TO SELL ST. LOUIS STATIONS KSHE, POINT TO HUBBARD RADIO FOR $45 MILLION, ST. LOUIS STATIONS KFTK, NOW TO ENTERCOM FOR $15 MILLION Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below