Emmis Broadcasting (EMMS) announces the launch of a modified "Dutch Auction" to purchase up to...

|About: Emmis Communications Corp... (EMMS)|By:, SA News Editor

Emmis Broadcasting (EMMS) announces the launch of a modified "Dutch Auction" to purchase up to $6M of its 6.25% series A preferred stock. Shares of EMMS are up 8.3% after the NASDAQ halted trading prior to the media company's announcement.