Jeff Smulyan Notes Some Radio Companies Are Slow In Paying Sprint For NextRadio Support
January 10, 2014 at 6:55 AM (PT)
On YESTERDAY's (1/9) earnings call, EMMIS Chairman/Pres./CEO JEFF SMULYAN mentioned an issue affecting NEXTRADIO partner SPRINT. He noted “some timing issues of a couple of companies that have not made their payments,” but wouldn't specify which radio companies were late in their payments.
SMULYAN said he was personally "working through” the collection calls, and admitted he wished EMMIS "had not been the people who set up the system, because I think there are others who are maybe more equipped.”
On a positive note, SMULYAN added that automakers have been very positive about NEXTRADIO and reacted, "Wow, this is it.”