Emmis Communications Reports 2nd Quarter Results

International successes deliver strong results By PR Newswire INDIANAPOLIS, Oct. 10 /PRNewswire-FirstCall/ -- Emmis Communications Corporation (Nasdaq: EMMS) today announced results for its second fiscal quarter ended August 31, 2008. "Our team at Emmis continues to deliver during these challenging times for the U.S. economy," Emmis Chairman and CEO Jeff Smulyan said. "We delivered 2 percent growth in operating income during the first six months of the fiscal year based in no small part on the explosive growth in our International operations. During the second quarter, net revenue at our radio operations in Slovakia, Hungary, Bulgaria and Belgium grew an amazing 38 percent. This type of performance, coupled with responsible actions to manage our expenses and balance sheet, position Emmis well to benefit from the U.S.... [read full story]