Emmis CEO Seeks to Take Company Private, Sell Assets

Indianapolis Star: Jeff Smulyan is trying for a third time to take his media company private. The Emmis CEO has submitted a $4.10-per-share cash offer to merge the Indianapolis media company with a private entity under his control. Also, Smulyan wants to sell some assets to reduce the company’s debt. Emmis will begin seeking buyers for the company’s publishing division, as well as a handful of radio stations.