Emmis Buy-Out Threatened?

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(July 15 - 8:45 a.m.) A group of Emmis stockholders led by Amalgamated Gadgets has put together a "lock-up agreement" under which they will all vote together against an exchange of preferred stock that's an essential part of ceo Jeff Smulyan's bid to take Emmis private. The nine shareholders together own enough preferred stock to block the buyout. (From Radio Ink)

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