Emmis leaves magazine business with sale of Indianapolis Monthly

Emmis announced Thursday the sale of its magazine Indianapolis Monthly to Michigan-based media group Hour Media. The company did not disclose details of the transaction.

“We’re incredibly proud of the award-winning product our people created every month,” said Jeff Smulyan, founder and chairman of Emmis, in an emailed statement to IndyStar. ​”We have had a truly remarkable run as owners of Indianapolis Monthly , and we look forward to its continued success under Hour.”

Indianapolis Monthly was the last magazine to be owned and operated by Emmis, which in 2017 sold its Los Angeles, Orange Coast, Cincinnati and Atlanta magazines to Hour Media.

This will leave Emmis with ownership of New York radio stations WLIB 1190 AM and ESPN 98.7 FM, sound masking company Lencore, podcast company Sound That BRANDS and pricing solutions company Digonex.

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