INDIANAPOLIS — Indianapolis-based Emmis Communications has entered an agreement to sell its Indianapolis radio stations to Maryland-based Urban One Radio.
The company announced the sale on Monday. The sale includes B105 (WYXB 105.7FM), HANK FM (97.1FM), The Fan (93.5FM and 107.5FM), WIBC (93.1FM) and Network Indiana.
“When Emmis launched our first station, WENS now HANK FM, in 1981, I never could have envisioned the journey we would go on," founder and chairman Jeff Smulyan said. "Indianapolis is my hometown, and I’m so proud of what we’ve been able to accomplish – we’ve become an invaluable contributor to the Indianapolis community, a leader of radio industry initiative and innovation, and a trusted resource for Central Indiana listeners and businesses."
Emmis Indianapolis Radio has 77 full-time and 50 part-time employees, all based in the company’s Monument Circle Headquarters.
The sale must go through FCC approval, which could take months.
-
IFD battles large church fire in Beech Grove
Indianapolis Fire Department crews fought a large fire at Independent Nazarene Church Friday night into Saturday morning, requiring 84 firefighters and five hours to extinguish.
Cold weather, ice doesn't stop Downtown Indy residents from exercising outdoors
The Downtown Canal is currently covered in footprints. Metro Police warns trespassing on the canal is illegal and could be subject to arrest.
Indiana program keeps 70% of top graduates in the Hoosier State
The Orr Fellowship is successfully retaining Indiana's brightest college graduates, with 65% to 70% of participants choosing to stay in the state long after the two-year program ends.
Residents gain hope after meeting on Eagle Creek wastewater proposal
Citizens Energy and Lebanon Utilities are expected to take questions from the public at a meeting on Tuesday, Feb. 10.
