Emmis’ first quarter includes the months of March, April, and May and during those months Emmis’ pro-forma revenue was down 6.7% from $42.7 million to $38.7 million. Emmis’ Austin and St. Louis clusters outperformed their markets while New York and Indianapolis underperformed.
The company reported that March was down 2%, April was down 12%, and May was off 7%. CEO Jeff Smulyan did say June was up 5% due to brisk ticket sales for Summer Jam in New York, however, July and August are pacing down modestly.
