Here’s the report on Texas Monthly’s owner, which has announced it is selling its television properties, from radioandrecords.com:
That’s one scenario Merrill Lynch analyst Laraine Mancini suggests could occur after Emmis sells off its television business, which she projects could fetch as much as $1.1 billion. “We believe Emmis will be in a financial position to complete a leveraged buyout after completing the TV sales,” she says in a report issued today. But Mancini also notes the company could also use the TV assets to bolster its radio holdings.
