American media conglomerate
Emmis Corporation
is an American media conglomerate based in
Indianapolis
,
Indiana
, United States. Emmis, based on the Hebrew word for "Truth" (
Emet
[1]
) was founded by
Jeff Smulyan
in 1980. Emmis has owned many radio stations, including
KPWR
and
WQHT
, which have notoriety for their Hip Hop Rhythmic format as well as
WFAN
, which was the world's first 24-hour sports talk radio station. In addition to radio, Emmis has invested in TV, publishing, and mobile operations throughout the U.S.
History
[
edit
]
1980s
[
edit
]
In 1980,
Emmis Broadcasting
founder
Jeffrey Smulyan
purchased his first radio station,
WSVL-FM
Shelbyville, Indiana. In July 1981, Smulyan changed the format from country music to adult contemporary and renamed the station
WENS
and later to
WLHK
.
In 1982, Emmis acquired
WLOL
in
Minneapolis, MN
and quickly became a top contender for ratings.
[2]
Around 1984, the company bought Magic 106 in
Los Angeles, California
; at the time,
L.A. Lakers
player
"Magic" Johnson
was an early spokesperson for the station. Emmis also bought
KSHE
in St. Louis in the same year.
In early 1986, Emmis changed Magic 106, which focused on traditional top 40 rock, to Power 106
KPWR
, which would focus on dance, top40, and shock-jock talk.
[3]
In 1987, Emmis made a series of purchases including
WQHT
,
WYNY
, and
WNBC
in New York,
WKQX
in Chicago,
WJIB
in Boston, WKUU and
KXXX
in San Francisco, and
KKHT
in Houston. They also acquired
WAVA
-FM in Washington, D.C. from the
Doubleday Broadcasting
Company. Both KPWR and WQHT would pioneer the urban contemporary rhythmic format.
[
citation needed
]
Emmis transformed WHN into the world's first
all-sports
radio station,
WFAN
.
[
citation needed
]
In 1988, Emmis entered the world of publishing. Emmis purchased
Indianapolis Monthly
and added WKQX in Chicago to its radio portfolio. Also, Emmis acquired five
NBC
radio stations in 1988.
[4]
Chairman and CEO
Jeff Smulyan
purchased the
Seattle Mariners
Major League Baseball team in 1989.
[5]
1990s
[
edit
]
Emmis kicked off the 1990s by selling KKHT-FM in Houston to Nationwide Communications in May 1990.
[
citation needed
]
In 1991, Emmis sold two more stations: WLOL to Minnesota Public Radio
[6]
and
KXXX
, San Francisco, to Alliance Broadcasting. Also in 1991, KMGG became
KPWR
, "Power 106" and became the first rhythmic contemporary-focused top 40 formatted outlet.
[7]
[8]
In 1992, Emmis sold WFAN, New York, to Infinity for
US$
70M,
[9]
which was one of the highest prices ever paid for an AM radio station. Emmis also sold WAVA-FM, Washington D.C., to Salem Broadcasting
[10]
and WJIB, Boston, to Greater Media.
[11]
In the same year, Jeff Smulyan sold the Seattle Mariners to Nintendo.
[12]
Emmis grew its publishing portfolio by adding Atlanta Magazine in 1993.
[13]
In the same year, Emmis launched its second hip hop station in America,
Hot 97
.
[14]
Emmis' Q101 in Chicago moved into an Alternative Rock Format.
[
citation needed
]
In 1994, the company purchased WIBC (now
WFNI
) and WKLR (now
WIBC (FM)
) in
Indianapolis
from the Horizon Broadcast Corporation and
WRKS
in
New York City
from the Summit Communications Group. WKLR was changed from an oldies format to a classic hits format with the call letters of WNAP-FM in September 1994.
[15]
Emmis became a
public company
, EMMS on
NASDAQ
, with an IPO on March 4, 1994.
[
citation needed
]
The following year, 1995, WQHT and KPWR were among the top rated radio station in each of their markets.
[16]
This resulted in a record-breaking accomplishment where Emmis was the first company to own top rated radio stations in the top 2 markets.
[16]
Later in 1996,
WHHH
(formerly WTLC-AM/FM) became top rated for Urban Adult Contemporary.
[17]
Emmis entered the world of international radio in 1997 when the company was awarded a license to operate in
Hungary, Slager Radio
, which debuted #1 nationwide and remained the country's most popular national radio station until the Hungarian government revoked the license in 2009.
[18]
Emmis added
Cincinnati Magazine
to its publishing group, as well as
KIHT-FM
and KPNT-FM in St. Louis to its rock collection.
In 1998, Emmis Broadcasting changed its name to Emmis Communications
[19]
and moved into its current headquarters on
Monument Circle
in Indianapolis.
[20]
Emmis acquired a lot of media in the same year including Texas Monthly,
[21]
WRXP in New York,
WTHI
and
WWVR
in Terre Haute, and six television stations in Honolulu, New Orleans, Green Bay, and Mobile, Alabama, from SF Broadcasting and in Terre Haute, Indiana, and Ft. Myers, Florida, from Wabash Valley Broadcasting
[22]
RadioNow was launched in Indianapolis as a Top 40 format.
Emmis purchased Country Sampler Magazine in 1999
[
citation needed
]
and Liberty Media purchased 2.7 million shares of Emmis for approximately $150M.
[23]
2000s
[
edit
]
In 2005, Emmis changed the format of its first radio station from its long-term adult contemporary format to country, and the call letters were changed from WENS to
WLHK
. Emmis was also named one of
Fortune
'
s 100 Best Companies to Work For.
[
citation needed
]
In March of that year, Emmis Communications and 98.7 KISS-FM, New York, celebrated
Women's History Month
by introducing their first annual salute to Phenomenal Women (also referred to as the Phenomenal Woman Awards).
[24]
In 2006, Emmis flipped
KZLA
Los Angeles to
Adult Rhythmic Contemporary
as "KMVN, Movin' 93.9". The move gave Emmis a companion station to complement KPWR. However, on April 15, 2009, KMVN switched to Spanish-language programming,
KXOS
, under a seven-year Local Marketing Agreement with Grupo Radio Centro of Mexico City.
[25]
On June 9, 2009, Emmis announced it had formed a strategic alliance with StreamTheWorld, the radio industry's streaming technology and services company, to put all Emmis radio stations on a new streaming platform.
[26]
2010s
[
edit
]
On January 12, 2011, the share price of Emmis stock surged 42% as insiders speculated that the company could be close to selling off several of its radio stations. In its January 2011 filing with the
Securities and Exchange Commission
, the company reported that it had the necessary cash to survive through February 2011. "Absent asset sales, which the company is actively pursuing," Emmis attorneys stated in the regulatory filing, "the company believes it is unlikely it will be able to maintain compliance with the financial covenants after Sept. 1, 2011".
[27]
On August 16, 2013, Emmis launched the NextRadio smartphone app on HTC One Android phones from
Sprint
.
[28]
[29]
A deal struck between the radio industry and Sprint facilitated the launch
[30]
which subsequently enabled FM radio support for the app on additional Android devices available on the Sprint wireless network.
[31]
On October 12, 2016, Emmis announced that it would sell its radio stations in the Terre Haute cluster to Midwest Communications and DLC Media. Midwest Communications would acquire
WTHI-FM
and the intellectual property of
WWVR
while DLC Media would acquire
WFNF
,
WFNB
and the broadcast license for
WWVR
. Midwest Communications would also sell
WDKE
to DLC Media to stay under FCC ownership limits. The sale was consummated on January 27, 2017.
[32]
[33]
[34]
On March 1, 2017, Emmis announced it had sold four of its magazines (
Atlanta
,
Cincinnati
,
Los Angeles
, and
Orange Coast
) to Hour Media Group, LLC for $6.5 million. It also sold
Texas Monthly
to Genesis Park, LP for $25 million.
[35]
On May 9, 2017, Emmis announced that it would sell
KPWR
to The Meruelo Group for $82.75 million. The announcement came after Emmis made a deal in April with its lenders to seek $80 million worth of divestments by January 2018 to amend its credit agreement. The Meruelo Group began operating the station under an LMA on July 1, 2017, until the sale was consummated on August 1, 2017.
[36]
[37]
[38]
On January 30, 2018, Emmis announced it would leave the St. Louis market, selling
KSHE
and
KPNT
to
Hubbard Broadcasting
, and
KFTK
and
KNOU
to
Entercom
.
[39]
In June 2019, Emmis announced that it would sell its controlling stake in its Austin stations to its minority partner Sinclair Telecable Inc. (d/b/a Sinclair Communications, unrelated to
Sinclair Broadcast Group
).
[40]
On July 1, 2019, Emmis announced that it would sell its New York City stations
WQHT
and
WBLS
to Mediaco Holding?an affiliate of
Standard General
?for $91.5 million, a $5 million
promissory note
, and a 23.72% stake in the new company. Mediaco Holding will be a public company, and Emmis will continue to manage the stations.
[41]
The sale was completed November 25, 2019.
[42]
2020s
[
edit
]
On March 11, 2020, Emmis announced that it had purchased sound masking technology company Lencore Acoustics.
[43]
On April 24, 2020, Emmis announced that it would voluntarily delist from the
Nasdaq
, citing cost-saving concerns.
[44]
On June 13, 2022, Emmis announced it will sell its Indianapolis radio properties to
Urban One
for an undisclosed amount.
[45]
Company portfolio
[
edit
]
Lencore Acoustics
[
edit
]
Emmis acquired Lencore in 2020. They build systems for Sound Masking, Paging and Audio with applications in a variety of industries. Major clients include: Amazon, AT&T, CVS Health, Coca-Cola, Ford, Ernst & Young, Michelin among many others.
[
citation needed
]
Digonex
[
edit
]
Emmis acquired Digonex in 2014. Digonex is a technology company.
[
citation needed
]
Former magazines
[
edit
]
The NextRadio
smartphone
app was developed by Emmis, with support from the
National Association of Broadcasters
, to enable FM radio reception on mobile devices with activated internal FM receivers.
[46]
NextRadio allows users of many FM-enabled smartphones to listen to broadcast FM radio?with no need for Internet connection or use of phone data?and receive supplemental data such as album art, program information, and metadata over the Internet if connected.
[47]
[48]
Launched in August 2013 through a radio industry agreement with
Sprint Corporation
,
[49]
the app was preloaded on some devices, and available for download in the
Google Play Store
of Android applications.
[50]
The NextRadio app is powered by TagStation, an Emmis-developed cloud data service for enhanced radio broadcasting.
[51]
[52]
TagStation allows broadcasters a web-based platform for managing supplemental content for delivery to the NextRadio app,
[53]
HD Radio
receivers,
[54]
and connected car dashboards.
[55]
During the quarter ended November 30, 2018, Emmis decided to dramatically reduce the scale of operations in TagStation, LLC and NextRadio, LLC. In connection with this decision, the company recognized $1.2 million of severance related to the termination of 35 employees.
[56]
Emmis Chairman and CEO Jeff Smulyan said on the company's second quarter earnings call that Emmis was "unwilling and unable" to continue funding the NextRadio and TagStation businesses.
[57]
In January 2019,
Radio World
published a long article analyzing NextRadio's operation and failure, suggesting that the long-term, unfulfilled, hope was that the radio industry could eventually monetize the NextRadio app, in part by providing advertisers with good analytical information and insights into radio's return on investment.
[58]
[59]
As of the end of 2021 version 6.0.2492 (January 2, 2019) of the NextRadio app remained available on the Google Play Store.
[50]
WorldBand Media HD Radio deal
[
edit
]
Emmis announced on September 9, 2008, that it had teamed up with digital radio network WorldBand Media and would be using the "
HD-3
" subchannels to produce programming for the
South Asian
communities in Chicago (on WLUP), Los Angeles (on KPWR), and New York (on WQHT), and would include a combination of local and international content that should be available by mid-October 2008.
[60]
Current radio stations
[
edit
]
Former television stations
[
edit
]
In May 2005, Emmis announced its intent to sell some or all of the 16 television stations they owned at the time. In August 2005, the company announced the sale of nine television stations, as well as four more in October, an additional station in May 2006, another station in February 2007, and its final station in May 2008. Emmis no longer owns any television stations.
[61]
Stations are arranged alphabetically by state and by
city of license
.
City of license / Market
|
Station
|
Channel
|
Years owned
|
Current status
|
Mobile
?
Gulf Shores, AL
|
WALA-TV
|
10
|
1998?2005
[b]
|
Fox
affiliate owned by
Gray Television
|
WBPG
|
55
|
2003?2006
|
The CW
affiliate
WFNA
, owned by
Nexstar Media Group
|
Tucson, AZ
|
KGUN
|
9
|
2000?2005
[c]
|
ABC
affiliate owned by the
E. W. Scripps Company
|
Cape Coral
?
Fort Myers
?
Naples, FL
|
WFTX-TV
|
36
|
1998?2005
|
Fox affiliate owned by the E. W. Scripps Company
|
Clermont
?
Orlando
?
Daytona Beach, FL
|
WKCF
|
18
|
1998?2006
|
The CW affiliate owned by
Hearst Television
|
Honolulu, HI
|
KHON-TV
|
2
|
1998?2006
[b]
|
Fox affiliate owned by Nexstar Media Group
|
KGMB
|
9
|
2000?2007
[c]
|
MyNetworkTV
affiliate
KHII-TV
, owned by Nexstar Media Group
[d]
|
Terre Haute, IN
|
WTHI-TV
|
10
|
1998?2005
|
CBS affiliate owned by
Allen Media Broadcasting
|
Topeka, KS
|
KSNT
|
27
|
2000?2006
[c]
|
NBC
affiliate owned by Nexstar Media Group
|
Wichita
?
Hutchinson, KS
|
KSNW
|
3
|
2000?2006
[c]
|
NBC affiliate owned by Nexstar Media Group
|
Great Bend, KS
|
KSNC
[e]
|
2
|
2000?2006
[c]
|
NBC affiliate owned by Nexstar Media Group
|
Garden City, KS
|
KSNG
[e]
|
11
|
2000?2006
[c]
|
NBC affiliate owned by Nexstar Media Group
|
McCook, NE
|
KSNK
[e]
|
8
|
2000?2006
[c]
|
NBC affiliate owned by Nexstar Media Group
|
New Orleans, LA
|
WVUE-DT
|
8
|
1998?2008
[b]
|
Fox affiliate owned by Gray Television
|
Grand Rapids
?
Battle Creek
?
Kalamazoo, MI
|
WXMI
|
17
|
1998
[f]
|
Fox affiliate owned by the E. W. Scripps Company
|
Omaha, NE
?
Council Bluffs, IA
|
KMTV
|
3
|
2000?2007
[c]
|
CBS affiliate owned by the E. W. Scripps Company
[g]
|
Manchester, NH
|
WMUR-TV
|
9
|
2000?2001
[h]
|
ABC affiliate owned by Hearst Television
|
Albuquerque
?
Santa Fe, NM
|
KRQE
|
13
|
2000?2005
[c]
|
CBS affiliate owned by Nexstar Media Group
|
Portland, OR
|
KOIN
|
6
|
2000?2006
[c]
|
CBS affiliate owned by Nexstar Media Group
|
Tacoma
?
Seattle, WA
|
KTZZ
|
22
|
1998
[f]
|
MyNetworkTV affiliate
KZJO
, owned by
Fox Television Stations
|
Huntington
?
Charleston, WV
|
WSAZ-TV
|
3
|
2000?2005
[c]
|
NBC affiliate owned by Gray Television
|
Green Bay, WI
|
WLUK-TV
|
11
|
1998?2005
[b]
|
Fox affiliate owned by
Sinclair Broadcast Group
|
Former radio stations
[
edit
]
City of license / Market
|
Station
|
Years owned
|
Current status
|
Phoenix, AZ
|
KKFR 92.3
|
2000?2006
|
KTAR-FM
, owned by
Bonneville International
|
KKLT 98.7
|
2000?2004
[i]
|
KMVP-FM
, owned by Bonneville International
|
KMVP 860
|
2000?2004
[i]
|
KNAI
, owned by Farmworker Educational Radio Network
|
KTAR 620
|
2000?2004
[i]
|
Owned by Bonneville International
|
Los Angeles, CA
|
KMGG/KPWR 105.9
|
1984?2017
|
Owned by
The Meruelo Group
[62]
|
KZLA/KMVN/KXOS 93.9
|
2000?2012
|
KLLI
, owned by The Meruelo Group
|
San Francisco, CA
|
KYUU/KXXX 99.7
|
1988?1991
|
KMVQ-FM
, owned by Bonneville International
|
Chicago, IL
|
WKQX 101.1
|
1988?2011
|
Owned by
Cumulus Media
[j]
|
WLUP-FM 97.9
|
2004?2011
|
WCKL
, owned by
Educational Media Foundation
|
Indianapolis, IN
|
WENS/WLHK 97.1
|
1981?2022
|
Owned by
Urban One
|
WKLR/WNAP-FM/WNOU/
WEXM/WIBC 93.1
|
1994?2022
|
Owned by Urban One
|
WTLC 1310
|
1997?2001
|
Owned by Urban One
|
WTLC-FM/WYXB 105.7
|
1997?2022
|
Owned by Urban One
|
Terre Haute, IN
|
WTHI-FM 99.9
|
1998?2016
|
Owned by
Midwest Communications
|
WFNB 92.7
|
2012?2016
|
Owned by DLC Media
|
WFNF 1130
|
2012?2016
|
WAMB
, owned by DLC Media
|
WWVR 105.5
|
1998?2016
|
WVIG
, owned by DLC Media
|
Boston, MA
|
WJIB/WCDJ 96.9
|
1988?1993
|
WBQT
, owned by
Beasley Broadcast Group
|
St. Paul
?
Minneapolis, MN
|
WLOL-FM 99.5
|
1982?1991
|
KSJN
, owned by
Minnesota Public Radio
|
St. Louis, MO
|
KFTK 1490
[k]
|
2016?2018
[l]
|
Defunct, license revoked in 2020
|
KIHT/KNOU 96.3
|
2000?2018
|
WFUN-FM
, owned by
Audacy, Inc.
|
KPNT 105.7
|
2000?2018
|
Owned by
Hubbard Broadcasting
|
KSHE 94.7
|
1984?2018
|
Owned by Hubbard Broadcasting
|
KXOK-FM/KFTK/
KFTK-FM 97.1
|
2000?2018
|
Owned by Audacy, Inc.
|
WIL-FM 92.3
|
2000
[m]
|
Owned by Hubbard Broadcasting
|
WKBQ-FM/WALC/WXTM-FM/
WMML/WRDA 104.1
|
1996?2005
|
WHHL
, owned by Audacy, Inc.
|
WKKX 106.5
|
1996?2000
[m]
|
WARH
, owned by Hubbard Broadcasting
|
WRTH 1430
|
2000
[m]
|
Defunct, license revoked as
KZQZ
in 2020
|
WVRV 101.1
|
2000
[m]
|
WXOS
, owned by Hubbard Broadcasting
|
New York City, NY
|
WHN/WFAN 1050
|
1986?1988
|
WEPN
, owned by
Good Karma Brands
|
WFAN 660
|
1988?1992
|
Owned by Audacy, Inc.
|
WAPP/WQHT 103.5
|
1986?1988
|
WKTU
, owned by
iHeartMedia
|
WQHT 97.1
|
1988?2019
|
Owned by Mediaco Holding (
Standard General
)
[63]
|
WQCD/WRXP 101.9
|
1997?2011
|
WFAN-FM
, owned by Audacy, Inc.
|
WBLS 107.5
|
2014?2019
|
Owned by Mediaco Holding (Standard General)
[63]
|
Austin, TX
|
KEYI-FM/KBPA 103.5
|
2003?2019
[n]
|
Owned by Sinclair Telecable, Inc.
|
KDHT/KGSR 93.3
|
2003?2019
[n]
|
Owned by Sinclair Telecable, Inc.
|
KLBJ 590
[o]
|
2003?2019
[n]
|
Owned by Sinclair Telecable, Inc.
|
KLBJ-FM 93.7
|
2003?2019
[n]
|
Owned by Sinclair Telecable, Inc.
|
KLZT 107.1
|
2003?2019
[n]
|
Owned by Sinclair Telecable, Inc.
|
KROX-FM 101.5
|
2003?2019
[n]
|
Owned by Sinclair Telecable, Inc.
|
Houston, TX
|
KKHT-FM 96.5
|
1988?1990
|
KHMX
, owned by Audacy, Inc.
|
Arlington, VA
?
Washington, D.C.
|
WAVA-FM 105.1
|
1986?1992
|
Owned by
Salem Media Group
|
Board of directors
[
edit
]
- Jeff Smulyan
? Chairman of the Board, President and CEO; former owner of
Major League Baseball
's
Seattle Mariners
- Susan Bayh ? Visiting Professor,
Butler University
- Gary Kaseff ? Executive Vice President and General Counsel
- Richard Leventhal ? President & Majority Owner of LMCS, LLC.
- Peter Lund ? Media Consultant and former President & CEO of CBS Television.
- Greg Nathanson ? former Television Division President
- Lawrence Sorrel ? Tailwind Capital Partners
- Patrick Walsh ? Chief Operating Officer and Chief Financial Officer
See also
[
edit
]
Notes
[
edit
]
References
[
edit
]
- ^
"Hebrew Word of the Week - Emet"
.
www.hebrew4christians.com
. Retrieved
November 12,
2019
.
- ^
Carman, John (July 9, 1982).
"WLOL whistling happy tune over Arbitron ratings"
(PDF)
.
Minneapolis Star Journal
. Retrieved
December 12,
2019
.
- ^
"How and Why of KPWR's Popularity"
.
Los Angeles Times
. October 18, 1988
. Retrieved
December 12,
2019
.
- ^
Fabrikant, Geraldine (February 20, 1988).
"Emmis to Buy 5 NBC Radio Stations"
.
The New York Times
.
ISSN
0362-4331
. Retrieved
December 12,
2019
.
- ^
"Baseball Ownership Has Become a Lot More Than Dollars and Sense"
.
Los Angeles Times
. October 20, 1989
. Retrieved
December 12,
2019
.
- ^
"Honchos Claim MPR Plays Monopoly"
.
Variety
. February 11, 1991
. Retrieved
December 20,
2019
.
- ^
"Power 106 Turns 25 Today In Los Angeles"
.
All Access
. Retrieved
December 20,
2019
.
- ^
Nelson, Rodrigues, Morgan Exit, Kelly Consults (January 17, 1986).
"Emmis Turns on 'Power 106'
"
(PDF)
.
R&R The Industry's Weekly Newspaper
. Retrieved
December 20,
2019
.
{{
cite news
}}
: CS1 maint: multiple names: authors list (
link
)
- ^
Lev, Michael (December 12, 1991).
"THE MEDIA BUSINESS; Accord Is Reached to Sell WFAN-AM for $70 Million"
.
The New York Times
.
ISSN
0362-4331
. Retrieved
December 20,
2019
.
- ^
"The Final Hour of CHR on WAVA"
.
Format Change Archive
. February 12, 1992
. Retrieved
December 20,
2019
.
- ^
"The Boston Radio Dial: WBQT(FM)"
.
www.bostonradio.org
. Retrieved
December 20,
2019
.
- ^
Sandomir, Richard (June 12, 1992).
"BASEBALL: ANALYSIS; Mariners' Ex-Owners Make Off With Booty"
.
The New York Times
.
ISSN
0362-4331
. Retrieved
December 20,
2019
.
- ^
"Emmis Publishing Corp. purchases Atlanta Magazine"
.
UPI
. Retrieved
December 20,
2019
.
- ^
"Brief History"
.
THE ORIGINAL WQHT
. Retrieved
December 20,
2019
.
- ^
"WNAP"
.
WNAP ~ Trax & Grooves
. Retrieved
December 20,
2019
.
- ^
a
b
"Ratings Report and Directory"
(PDF)
.
R&R
.
2
: 12?24. Spring 1995.
- ^
"Ratings Report & Directory"
(PDF)
.
R&R
.
2
: 91. 1996.
- ^
"Emmis off the air in Hungary"
.
Radio & Television Business Report
. November 18, 2009.
- ^
"Emmis Communications Corporation company profile - MondoTimes.com"
.
www.mondotimes.com
. Retrieved
December 20,
2019
.
- ^
King, Mason (May 8, 2019).
"Indianapolis Monthly to vacate longtime offices, make way for STAR Bank on Circle"
.
Indianapolis Business Journal
. Retrieved
December 20,
2019
.
- ^
"Emmis to Buy Texas Monthly Publisher"
.
The New York Times
. Associated Press. January 28, 1998.
ISSN
0362-4331
. Retrieved
December 20,
2019
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{{
cite news
}}
: CS1 maint: numeric names: authors list (
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[
permanent dead link
]
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. June 10, 2019.
External links
[
edit
]