Emmis Communications (NASDAQ:EMMS) headquartered in Indianapolis, Indiana, announced net loss for the second quarter of $ 0.37 million or $ 0.03 per share, compared to income $ 69.96 million or $ 5.69 per share for the year-ago quarter.
Jeff Smulyan, CEO & Chairman of the Board of Emmis, commented. Ratings remain strong in New York and continue to improve in Indianapolis. Austin has rebranded KGSR as Austin City Limits Radio, the result of a multi-year licensing agreement with Austin City Limits Enterprises, LLC, creating an eclectic format sure to connect with Austin listeners. Also, our dynamic pricing business, Digonex, has seen a surge of new clients in the last couple of months and we are more excited than ever about the prospects for that business moving forward.