Taft is pleased to have acted as legal counsel to Emmis Communications Corporation in the formation of a new public company, Mediaco Holdings Inc., in partnership with New York investment firm Standard General. Mediaco will purchase two of Emmis’ New York radio properties, WBLS-FM and WQHT-FM (HOT 97). Emmis will continue to provide management and corporate services to the two stations under a management agreement with Mediaco. Read the release here.