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Local News

WILL EMMIS GO PRIVATE?

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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.

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