Skip to main content

Texas Monthly changing hands

Emmis Communications Corporation (Nasdaq: EMMS) announced the signing of an agreement to sell the assets of Texas Monthly to an affiliate of Genesis Park, LP, a partnership founded by Paul Hobby, for $25 million, subject to working capital adjustments.

Jeff Smulyan, Chairman & CEO of Emmis, said the sale puts the magazine "in the capable hands of one of Texas' great families, the Hobbys."

http://www.prnewswire.com/news-releases/emmis-announces-agreement-to-se…

Tags