TV Stations Deserve More from Retrans

An interview with Emmis CEO Jeff Smulyan who says he got into TV believing that TV broadcasters could tap into the badly needed second revenue stream of retransmission consent fees. He got out when he concluded that the fees that stations could get were simply not enough.. Emmis remains a major radio operator with strong stations in New York, Los Angeles and Chicago and an expanding presence in Eastern Europe. Radio accounts for about 90 percent of the publicly traded company's revenue; the rest from a portfolio of city and regional magazines and a budding interactive division.