Emmis Announces Cutbacks, Pay Reductions


In a move that perhaps signals the final three months of 2015 were weak for Emmis, the company has announced expense reductions across the company. Two days ago we told you that the contract of Deon Levingston was not being renewed by Emmis. Yesterday, we heard from Emmis’ St. Louis market that there were several people let go, including a DOS, GSM, account executives, and on-air personalities. We expect to hear more details from Emmis CEO Jeff Smulyan later this morning on the company earnings call at 9 a.m. When we contacted the Emmis corporate office about the cuts over the past several days, here’s the statement we received…

“Earlier today, Emmis took a number of personnel and non-personnel actions to reduce expenses in its radio, publishing and corporate divisions. These reductions, which include reductions in force (primarily in Emmis’ radio division) and pay cuts by all senior executives, will help ensure our overall expense structure reflects current operating conditions and provides the flexibility to continue to invest in high-growth opportunities like NextRadio.”



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