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Chesapeake buys more shares of Emmis Communications
By Lisa Kerner
Charlotte, N.C., Oct. 22 - Emmis Communications Corp. investors led by Chesapeake Partners Management Co., Inc. bought 832,136 shares of the company's stock between Sept. 26 and Oct. 17 priced from $4.93 to $5.56 each.
The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.
Chesapeake beneficially owns 2,247,065 shares, or 7.4%, of the Indianapolis media company's outstanding stock.
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