-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BzTt7gpm5DutbPosjcVjDIqJ5Ex9c7eWfWYBXCQm5bEgtW1p0oQIC6NXVRUdhnJG znZgQwod3UfofbGZCfBTwg== 0000783005-01-000004.txt : 20010125 0000783005-01-000004.hdr.sgml : 20010125 ACCESSION NUMBER: 0000783005-01-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010124 ITEM INFORMATION: FILED AS OF DATE: 20010124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMMIS COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000783005 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 351542018 STATE OF INCORPORATION: IN FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23264 FILM NUMBER: 1514202 BUSINESS ADDRESS: STREET 1: ONE EMMIS PLAZA STREET 2: 40 MONUMENT CIRCLE SUITE 700 CITY: INDIANAPOLIS STATE: IN ZIP: 46204 BUSINESS PHONE: 3172660100 MAIL ADDRESS: STREET 1: ONE EMMIS PLZ STREET 2: 40 MONUMENT CIRCLE #700 CITY: INDIAPOLIS STATE: IN ZIP: 46204 FORMER COMPANY: FORMER CONFORMED NAME: EMMIS BROADCASTING CORPORATION DATE OF NAME CHANGE: 19920703 8-K 1 0001.txt PRO FORMA INFORMATION Item 9: Regulation FD Disclosure Emmis Communications Corporation ("Emmis") has included in this filing selected unaudited pro forma financial information for the year ended February 29, 2000 and for the nine months ended November 30, 2000. This unaudited pro forma information includes the effect of all pending and consummated acquisitions, including (i) radio stations KPNT-FM, KIHT-FM, and KFTK-FM (formerly KXOK-FM) from Sinclair Broadcast Group, Inc., (ii) radio station KZLA-FM from Bonneville International Corporation, (iii) radio stations KXPK-FM and KKFR-FM from Clear Channel Communications, Inc., (iv) radio station KALC-FM from Salem Communications Corporation, (v) radio stations KKLT-FM, KTAR-AM and KMVP-AM from Hearst-Argyle Television, Inc., (vi) a 75% ownership interest in two radio stations in Buenos Aires, Argentina, (vii) television station WKCF-TV from Press Communications, LLC, (viii) eight network-affiliated television stations from Lee Enterprises, Inc., and (ix) Los Angeles Magazine, Inc., from ABC Holding Company, Inc. as if each had occurred at March 1, 1999 and carried forward. On December 18, 2000, Emmis filed an 8-K that included quarterly pro forma information for the year ended February 29, 2000 and for the six months ended August 31, 2000. This 8-K adds pro forma information for the three months ended November 30, 2000. With the recent adoption by the Securities and Exchange Commission of Regulation FD, Emmis is making the pro forma information listed below available for broad dissemination. The pro forma summary information presented below is not necessarily indicative of the results that actually would have occurred if the transactions indicated above had been consummated at the beginning of the periods presented, and is not intended to be a projection of future results. Certain statements included in this 8-K which are not statements of historical fact, including but not limited to those identified with the words "expect," "will" or "look" are intended to be, and are, identified as "forward-looking statements," as defined in the Securities and Exchange Act of 1934, as amended, and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Emmis to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statement. Such factors include, among others, general economic and business conditions; fluctuations in the demand for advertising; increased competition in the broadcasting industry; inability to obtain necessary approvals for purchases or sale transactions or to complete the transactions; changes in the costs of programming; inability to grow through suitable acquisitions and other factors mentioned in other documents filed by Emmis with the Securities and Exchange Commission. Emmis Communications Corporation Selected Unaudited Pro Forma Financial Information
Three Months Three Months Three Months Three Months Twelve Months Ended Ended Ended Ended Ended May 31, 1999 August 31, 1999 November 30, 1999 February 29, 2000 February 29, 2000 -------------- -------------- ----------------- ----------------- ----------------- Net Revenues: Radio $ 57,741 $ 69,007 $ 70,346 $ 57,065 $ 254,159 Television 57,204 52,512 60,339 51,180 221,235 Publishing 16,783 16,794 19,579 15,287 68,443 Interactive - - - - - -------------- -------------- ----------------- ----------------- ----------------- Total net revenues 131,728 138,313 150,264 123,532 543,837 Operating Expenses: Radio 34,546 34,202 36,415 35,946 141,109 Television 37,091 35,645 38,734 37,716 149,186 Publishing 14,569 14,949 15,127 14,877 59,522 Interactive - - - - - -------------- -------------- ----------------- ----------------- ----------------- Total operating expenses 86,206 84,796 90,276 88,539 349,817 Broadcast/Publishing Cash Flow: Radio 23,195 34,805 33,931 21,119 113,050 Television 20,113 16,867 21,605 13,464 72,049 Publishing 2,214 1,845 4,452 410 8,921 Interactive - - - - - -------------- -------------- ----------------- ----------------- ----------------- Total broadcast/publishing cash flow $ 45,522 $ 53,517 $ 59,988 $ 34,993 $ 194,020
Three Months Three Months Three Months Ended Ended Ended May 31, 2000 August 31, 2000 November 30, 2000 -------------- -------------- ----------------- Net Revenues: Radio $ 71,477 $ 75,362 $ 69,799 Television 59,630 55,355 66,360 Publishing 17,522 19,963 19,859 Interactive - 33 35 -------------- -------------- ----------------- Total net revenues 148,629 150,713 156,053 Operating Expenses: Radio 39,539 36,172 39,220 Television 37,625 35,963 36,330 Publishing 15,775 17,256 15,960 Interactive 120 148 205 -------------- -------------- ----------------- Total operating expenses 93,059 89,539 91,715 Broadcast/Publishing Cash Flow: Radio 31,938 39,190 30,579 Television 22,005 19,392 30,030 Publishing 1,747 2,707 3,899 Interactive (120) (115) (170) -------------- -------------- ----------------- Total broadcast/publishing cash flow $ 55,570 $ 61,174 $ 64,338
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