Finkelstein Thompson LLP Announces Investigation of Emmis Communications Corp.

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Emmis Communications Corp. (“Emmis” or the “Company”) (Nasdaq: EMMS) arising from the Company’s announcement of its intent to sell the Company to JS Acquisition, Inc. (“JS Acquisition”) and Alden Global Capital (“Alden”). Under the terms of the agreement, Emmis shareholders will receive $2.40 in cash for every share of Emmis stock they own in a transaction valued at approximately $90 million.

The investigation is focused on the potential unfairness of the price to Emmis’ shareholder and the actions and interests of Emmis’ CEO Jeffrey H. Smulyan. Through his ownership of different classes of stock, Mr. Smulyan controls approximately 70 percent of the voting power in Emmis, and will continue to run the Company should the proposed transaction close. As a result of the transaction, the Company will no longer be publicly traded, and Smulyan and his affiliates will hold substantially all of a new class of voting stock in the Company. Additionally, the investigation will examine whether the Emmis board took all reasonable steps to maximize shareholder value in agreeing to the sale.

If you are interested in discussing your rights as an Emmis shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at This email address is being protected from spam bots, you need Javascript enabled to view it