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Re: None

Wednesday, 07/18/2012 7:38:46 PM

Wednesday, July 18, 2012 7:38:46 PM

Post# of 111
ASSET SALES

After the quarter ended, EMMS closed or will soon close 3 transactions that combined should generate $169 million of after tax and fees proceeds that will be used to repay debt.

1) ESPN transaction which has already closed and generated $75 million of cash proceeds.

2) KISS transaction which should generate $10 million of cash proceeds when it closes this summer.

3) Grupo Radio Centro Put/call which should generate $84 million of cash proceeds when it closes this summer.

For more details on these sales, see the earnings call transcript and SEC filings.

Everything I post is based on my opinion only. Do not buy or sell based on anything I post. Do your own DD.