Smulyan Gives Board Two More Weeks


As we reported back in August, Emmis CEO Jeff Smulyan is making another attempt at taking the company private. He’s offering shareholders $4.10 per share, which amounts to approximately $46.5 million. The Emmis Board of Directors has formed a special committee of “disinterested directors” to evaluate that proposal. On Friday, Smulyan gave the board a two-week extension, until September 30, to respond, “at which point the proposal will expire without any further action of any party.”


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