Fifteen years ago, Emmis Communications agreed to a partnership with Virginia-based Sinclair Telecable to acquire six radio stations in the Texas state capital for $105 million.
This deal gave Emmis a 50.1% controlling interest in the stations, with Sinclair Telecable taking the remaining 49.9%.
Now, Sinclair Telecable has invested nearly $1 million in an FM translator with nearly full market coverage.
What do Sinclair Telecable and Emmis have in mind?
