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.
-
Kokomo man wants to share story of overcoming addiction with others
The Carmel Marathon is this weekend. For some, crossing that finish line after 26.2 miles is the hardest feat of their lives. Brent Wright says overcoming addiction motivates him to race years later.
Braun announces crackdown on 'nuisance bars'
Governor Mike Braun announced on Thursday a collaboration between police agencies to address public safety concerns surrounding 'nuisance bars.'
Understanding the proposed Fishers long-term rental ordinance
Fishers is poised to become the first city in Indiana to place restrictions on long-term rental properties, a move that has ignited strong opinions among residents and industry experts.
Indiana water systems to remove lead pipes amid uncertainty at federal level
Water systems across Indiana are moving forward with identifying and removing lead service lines amid uncertainty at the federal level.
