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Item 7.01
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Regulation FD Disclosure.
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On January 30, 2018, Emmis Communications Corporation (the “Company”) issued the following press release to certain media outlets.
Emmis Communications Corporation (Nasdaq: EMMS) announced today that it has reached agreements in principle to sell its St. Louis stations KSHE (94.7 FM) and The Point (KPNT, 105.7 FM) to Hubbard Radio, and St. Louis stations KFTK (FM News Talk 97.1 FM) and NOW (KNOU, 96.3 FM) to Entercom Communications Corp. The transactions are subject to the completion and execution of definitive purchase agreements and the satisfaction of any conditions contained in such agreements. Terms have not been disclosed.
Note: Certain statements included in this Current Report on Form 8-K which are not statements of historical fact, including but not limited to those identified with the words “expect,” “will,” “look” or “are subject to” are intended to be, and are, by this Note, identified as “forward-looking statements,” as defined in the Securities and Exchange Act of 1934, as amended. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statement. Such factors include, among others:
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general economic and business conditions;
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fluctuations in the demand for advertising and demand for different types of advertising media;
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our ability to service our outstanding debt;
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competition from new or different media and technologies;
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loss of key personnel;
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increased competition in our markets and the broadcasting industry, including our competitors changing the format of a station they operate
to more directly compete with a station we operate in the same market;
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our ability to attract and secure programming, on-air talent, writers and photographers;
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inability to obtain (or to obtain timely) necessary approvals for purchase or sale transactions or to complete the transactions for other reasons
generally beyond our control;
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increases in the costs of programming, including on-air talent;
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fluctuations in the market price of publicly traded or other securities;
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new or changing regulations of the Federal Communications Commission or other governmental agencies;
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enforcement of rules and regulations of governmental and other entities to which the Company is subject;
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changes in radio audience measurement methodologies;
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war, terrorist acts or political instability; and
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other factors mentioned in documents filed by the Company with the Securities and Exchange Commission.
Emmis does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
The information in Item 7.01 of this Current Report on Form 8-K, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.