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EMMS

Emmis Communications

$3.95

0.0431 (1.10%)

16:19
10/12/16
10/12
16:19
10/12/16
16:19

Emmis Communications announces agreement to sell Terre Haute radio stations

Emmis Communications has announced agreements to sell Terre Haute's WTHI-FM 99.9 FM, WWVR-FM 105.5 The River, WFNB-FM B92.7, and WFNF-AM 1130AM/99.5FM The Fan. The sales will deliver gross proceeds to the Company of $5.2M. Emmis will sell the assets of WTHI-FM and the intellectual property of WWVR-FM to Midwest Communications for $4.3M. Midwest Communications is a family-owned media company with radio properties in Wisconsin, Michigan, Minnesota, North Dakota, South Dakota, Indiana, Illinois and Tennessee. Headquartered in Wausau, WI, Midwest Communications was founded in 1958. Emmis will also sell the assets of WFNF-AM, WFNB-FM and WWVR for $0.9M to DLC Media, a company owned by Dave Crooks, who operates radio stations in other Indiana markets. Because Midwest is currently at FCC ownership limits in the Terre Haute market, Midwest is also selling one of its stations, WDKE-FM, to DLC Media. These three transactions are cross conditioned and will result in gross proceeds to Emmis at closing of $5.2M, subject to working capital adjustments. Emmis has owned WTHI and WWVR since 1998, adding WFNB and WFNF in 2012. The transaction is subject to FCC approval and is expected to close after the first of the year.

TODAY'S FREE FLY STORIES

HOFT

Hooker Furniture

$39.40

-0.85 (-2.11%)

08:05
06/26/17
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Conference/Events
Hooker Furniture management to meet with Sidoti »

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NEOT

Neothetics

$2.32

0.0501 (2.21%)

08:05
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Neothetics: LIPO-202 did not demonstrate improvement in Phase 2 trial »

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GTT

GTT Communications

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GTT Communications to acquire Global Capacity »

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CAFD

8point3 Energy

$14.62

0.22 (1.53%)

08:04
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8point3 Energy increases quarterly distribution 3% to 26.42c per share »

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AMAG

AMAG Pharmaceuticals

$18.35

0.15 (0.82%)

, ATRS

Antares Pharma

$3.21

0.2 (6.64%)

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AMAG

AMAG Pharmaceuticals

$18.35

0.15 (0.82%)

ATRS

Antares Pharma

$3.21

0.2 (6.64%)

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VOXX

VOXX

$7.85

0.25 (3.29%)

, TEL

TE Connectivity

$78.77

-0.04 (-0.05%)

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VOXX

$7.85

0.25 (3.29%)

TEL

TE Connectivity

$78.77

-0.04 (-0.05%)

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ANY

Sphere 3D

$0.17

-0.0854 (-33.31%)

08:03
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Conference/Events
Sphere 3D to host special shareholder meeting »

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FRTA

Forterra

$7.73

0.18 (2.38%)

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Forterra to sell U.S. concrete, steel pressure pipe assets to Thompson Pipe »

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P

Pandora

$8.28

0.48 (6.15%)

, SIRI

SiriusXM

$5.35

0.11 (2.10%)

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Recommendations
Pandora, SiriusXM analyst commentary  »

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P

Pandora

$8.28

0.48 (6.15%)

SIRI

SiriusXM

$5.35

0.11 (2.10%)

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  • 28

    Jun

TROV

Trovagene

$1.14

-0.16 (-12.31%)

08:02
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Trovagene announces expansion of key claims for NPM1 patent portfolio »

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NBHC

National Bank

$31.55

-0.18 (-0.57%)

08:02
06/26/17
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Conference/Events
National Bank to host conference call »

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CKPT

Checkpoint Therapeutics

$10.00

0.25 (2.56%)

, FBIO

Fortress Biotech

$4.87

0.05 (1.04%)

08:02
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Hot Stocks
Checkpoint Therapeutics commences trading on Nasdaq Capital Market »

Checkpoint Therapeutics…

CKPT

Checkpoint Therapeutics

$10.00

0.25 (2.56%)

FBIO

Fortress Biotech

$4.87

0.05 (1.04%)

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  • 26

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SPA

Sparton

$18.34

0.03 (0.16%)

08:02
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Hot Stocks
Sparton confirms discussions with Ultra Electronics »

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SON

Sonoco Products

$51.02

0.08 (0.16%)

08:01
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Hot Stocks
Sonoco Products to acquire Clear Lam Packaging for approx. $170M in cash »

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LC

LendingClub

$5.67

-0.03 (-0.53%)

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LendingClub executives under investigation »

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PSDV

pSivida

$1.91

0.09 (4.95%)

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Conference/Events
pSivida to host special shareholder meeting »

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LPCN

Lipocine

$4.21

-0.11 (-2.55%)

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Lipocine announces submission of SPA on LPCN 1107 »

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  • 26

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BAH

Booz Allen

$32.22

-0.67 (-2.04%)

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Booz Allen analyst commentary  »

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SPGI

S&P Global

$146.70

1.32 (0.91%)

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Options
S&P Global call buyer realizes 15% same-day gains »

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CUTR

Cutera

$24.50

-0.2 (-0.81%)

07:59
06/26/17
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07:59
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07:59
Initiation
Cutera initiated  »

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PM

Philip Morris

$119.56

-0.15 (-0.13%)

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Hot Stocks
Philip Morris to invest additional EUR500M in heated tobacco facility in Italy »

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GRUB

GrubHub

$47.70

1.37 (2.96%)

, AMZN

Amazon.com

$1,003.74

2.44 (0.24%)

07:58
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07:58
Downgrade
GrubHub, Amazon.com rating change  »

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GRUB

GrubHub

$47.70

1.37 (2.96%)

AMZN

Amazon.com

$1,003.74

2.44 (0.24%)

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AAPL

Apple

$146.28

0.65 (0.45%)

07:57
06/26/17
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07:57
Periodicals
Apple hires Stanford researcher for digital health, Digital Commerce 360 says »

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NBHC

National Bank

$31.55

-0.18 (-0.57%)

07:57
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Hot Stocks
National Bank acquires Peoples in $143M transaction »

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  • 18

    Sep

PTLA

Portola Pharmaceuticals

$56.06

17.81 (46.56%)

07:56
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Recommendations
Portola Pharmaceuticals analyst commentary  »

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