Update 5:00pm: Among the names let go from Emmis were former E! and “102.7 Blink-FM” New York host Todd Newton. Newton had been hosting middays on CHR “Now 96.3” KNOU St. Louis since its launch last January. The St. Louis Post Dispatch reports that Classic Rock 94.7 KSHE lost night host Mike Doran, while Rick Sanborn exits his evening newscaster duties on “FM NewsTalk 97.1” KFTK.
Original Report 1/7 9:30am: Following the departure of New York Market Manager Deon Levingston, Emmis Communications has made broad cuts at its radio operations across the country.
Thirty two employees were let go yesterday. One is Mike Corbin, news anchor and reporter for 93.1 WIBC Indianapolis. Confirmed cuts were also made in Austin and St. Louis although none have publicly been identified. Senior Executives for the company are taking reductions to their pay as well.
On its third quarter earnings call this morning, Emmis stated that revenues were down 5.1% with most of the loss coming from Urban “Power 106” KPWR Los Angeles due to the launch of iHeartMedia’s “Real 92.3” KRRL with former KPWR morning host Big Boy.
Emmis released the following statement regarding the layoffs:
Earlier today, Emmis took a number of personnel and non-personnel actions to reduce expenses in its radio, publishing and corporate divisions. These reductions, which include reductions in force (primarily in Emmis’ radio division) and pay cuts by all senior executives, will help ensure our overall expense structure reflects current operating conditions and provides the flexibility to continue to invest in high-growth opportunities like NextRadio.
ksradiogeek 
WeNeverKnew 
That company has fallen so far…wonder if they’ll cash out and sell off next?
For what very little it’s worth, my thinking has always been that Emmis will cash out basically in a reverse of how it bought. Things like Digital and Publishing (perhaps with the exception of Indianapolis Monthly) go before radio. The coasts and Austin will sell. St. Louis, Terre Haute and Indpls might become a small regional group for a time. Despite TV or the Mariners, Indianapolis has always remained home. Eventually the Indpls cluster alone goes private under Smulyan ownership. Again, my far less than two cents worth.