EMMIS Announces Acquisition of Los Angeles Magazine
Posted on January 24, 2000
EMMIS Communications Corporation has announced that it has signed a definitive agreement with The Walt Disney Company to purchase Los Angeles Magazine. The addition of Los Angeles Magazine enhances the EMMIS Publishing stable of Texas Monthly, Atlanta, Cincinnati, Indianapolis Monthly and Country Sampler, and increases EMMIS' presence in the L.A. market.
"Owning KPWR-FM and Los Angeles Magazine strengthens our company's presence in Southern California, and positions our magazine group as a leading publisher of city and regional magazines," EMMIS Chairman and CEO Jeff Smulyan said.
Los Angeles Magazine, with a monthly paid circulation of 183,373 and a total monthly readership of 550,000+, covers everything from politics and personalities to film, restaurants and nightlife. EMMIS Communications is an Indianapolis-based diversified media firm with radio broadcasting, television broadcasting and magazine publishing operations.
