Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced that the Company has completed the sale of KKFR-FM (Power 92.3) in Phoenix to Bonneville International Corporation and Bonneville Holding Company for $77.5 million. Emmis will use the net proceeds, approximately $76.3 million, to repay outstanding indebtedness. Emmis purchased KKFR-FM from Clear Channel in August 2000. In January […]