Levingston joined Emmis in February 2014 as part of the company’s purchase of WBLS and WLIB New York from YMF Media where he had served as VP and GM for the stations under YMF and Inner City Broadcasting’s ownership. He also served as President of YMF from October 2013 until joining Emmis.
In addition to Levingston, we have heard that other employees across the company on the upper end of the pay scale will not have their contracts renewed as they come up for renewal. Like Cumulus, Emmis has been issued a delisting warning from NASDAQ for its stock not rising above a $1 per share for a month straight. Emmis has until June 7, 2016 to come into compliance.