Emmis Publishing Is Going Private

Previously, we told you that Emmis Publishing was making several changes to its leadership. Now, the company is undergoing yet another alteration: It’s going private.

On Tuesday, Emmis’ board of directors approved an agreement to merge the company with JS Acquisition, which is owned by Emmis Corp chairman and CEO Jeff Smulyan. The deal still, however, requires stockholder approval.

Under the deal, JS Acquisition will purchase all of Emmis’ approximately 37.6 million outstanding shares of Class A common stock at $2.40 per share.

Publish date: May 26, 2010 https://dev.adweek.com/digital/emmis-publishing-is-going-private/ © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT