Emmis Communications F2Q08 (Qtr End 8/31/07) Earnings Call Transcript

Oct. 05, 2007 12:42 PM ETEmmis Corporation (EMMS) Stock
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Q2: 2007-10-05 Earnings Summary

EPS of $0.12 beats by $0.02 | Revenue of $96.40M (-3.51% Y/Y) beats by $323.80K

Emmis Communications Corporation (OTC:EMMS)
F2Q08 Earnings Call
October 5, 2007 9:00 am ET

Executives

Jodi Wright - IR
Jeffrey H. Smulyan - Chairman, CEO
Patrick Walsh - CFO
Rick Cummings - President, Emmis Radio

Analysts

Lee Westerfield - Harris Nesbitt
Tim Schlock - Wachovia
John Kilme
Victor Miller - Bear Stearns & Co.
Jim Goss - Barrington Research

Operator

(Operator Instructions) Now I would like to turn the call over to Jodi Wright. You may begin.

Jodi Wright

Good morning and thank you for joining us for today's Emmis Communications conference call regarding second quarter earnings. I want to extend a special welcome to all the Emmis employees who are joining us and listening in this morning, and those of you listening from our website, Emmis.com.

We will begin in just a moment with opening comments from Emmis Chairman and CEO Jeff Smulyan and Pat Walsh, CFO. After their opening comments, our conference call moderator will come back on the line to instruct you on how to submit questions. Joining us today to help answer your questions is Rick Cummings, President of Emmis Radio. A playback of this call will be available for the next week by dialing 203.369.1644.

This conference call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please refer to Emmis public filings with the SEC for more information on the various risks and uncertainties.

Additional disclosure related to non-GAAP financial measures can be found under the investors tab on our website, Emmis.com. I would also like to mention that the link to our supplemental pro forma table has been corrected on the site.

Jeffrey H. Smulyan

Jodi, thanks. I'm actually very encouraged by the things we've seen this quarter. The company has had very good ratings gains in almost all situations; encouraging. Also, our local sales

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