Emmis quarterly ink less red than peers
The first look at radio performance always comes from early bird Emmis, which recorded a significant increase in net revenue thanks to additional income-generating assets. On a pro forma basis, it suffered some red ink along with the rest of radio.
The results are for Emmis’ fiscal second quarter, which ended 8/31/14. It says it’s pacing up in the mid- to high-single digits for its third quarter.