Brief: Emmis Announces Agreements To Sell Its St. Louis Radio Stations For $60 Mln

Emmis

23/02/2018 13:00

Feb 23 (Reuters) - Emmis Communications Corp  EMMS.O : 
    * PRESS RELEASE - EMMIS ANNOUNCES AGREEMENTS TO SELL ITS ST. 
LOUIS 
RADIO STATIONS FOR $60 MILLION 
    * EMMIS ANNOUNCES AGREEMENTS TO SELL ITS ST. LOUIS RADIO 
STATIONS 
FOR $60 MILLION 
    * EMMIS - NET PROCEEDS, AFTER DEDUCTING DEAL-RELATED COSTS 
AND 
ESTIMATED TAX PAYMENTS, WILL BE USED TO REPAY TERM LOANS 
OUTSTANDING 
    * EMMIS COMMUNICATIONS CORP - LOCAL MARKETING AGREEMENTS 
(LMAS) OF 
STATIONS WILL START MARCH 1 
    * EMMIS COMMUNICATIONS - TO SELL ST. LOUIS STATIONS KSHE, 
POINT TO 
HUBBARD RADIO FOR $45 MILLION, ST. LOUIS STATIONS KFTK, NOW TO 
ENTERCOM FOR $15 MILLION 
 
Source text for Eikon:  ID:nPn70gFVKa  
Further company coverage:  EMMS.O  
 
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