Emmis Communications Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2012. For the quarter, the company reported total net revenues were $53,414,000 compared to $53,568,000 for the same period a year ago. Operating income was $8,528,000 compared to $3,560,000 for the same period a year ago. Income before income taxes and discontinued operations was $2,954,000 compared to $30,105,000 for the same period a year ago. Income from continuing was operations were $1,842,000 compared to $58,807,000 for the same period a year ago. Net income attributable to the company was $4,600,000 compared to $57,633,000 for the same period a year ago. Net income attributable to common shareholders was $4,600,000 compared to $110,865,000 for the same period a year ago. Diluted net income per common share from continuing operations was $0.02 compared to $1.26 for the same period a year ago. Diluted net income attributable to common shareholders was $0.10 compared to $1.26 for the same period a year ago. Pro forma net revenues were $50,837,000 compared to $50,746,000 for the same period a year ago.

For the nine months, the company reported total net revenues were $161,318,000 compared to $169,714,000 for the same period a year ago. Operating income was $18,386,000 compared to $11,395,000 for the same period a year ago. Loss before income taxes and discontinued operations was $1,742,000 compared to income before income taxes and discontinued operations $24,951,000 for the same period a year ago. Income from continuing was operations were $2,705,000 compared to $54,283,000 for the same period a year ago. Net income attributable to the company was $39,456,000 compared to $49,574,000 for the same period a year ago. Net income attributable to common shareholders was $37,650,000 compared to $97,720,000 for the same period a year ago. Diluted net loss per common share from continuing operations was $0.07 compared to diluted net income per common share from continuing operations of $1.10 for the same period a year ago. Diluted net income attributable to common shareholders was $0.97 compared to $1.08 for the same period a year ago. Pro forma net revenues were $153,278,000 compared to $151,347,000 for the same period a year ago.