EMMIS ENTERS INTO A SETTLEMENT WITH HOLDERS OF ITS CONVERTIBLE PREFERRED STOCK

Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) announced today that it has entered into settlement agreements with holders of more than 66?% of its outstanding convertible preferred stock to settle its previously announced lawsuit concerning the anti-dilution provisions of the convertible preferred stock. Successful resolution of the lawsuit allows Emmis’ previously announced “Dutch Auction” tender offer to […]

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