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Significant Events
9 Months Ended
Nov. 30, 2015
Significant Events [Abstract]  
Other Significant Transactions [Text Block]
Other Significant Events
Emmis made additional $1.0 million investments in Digonex Technologies, Inc. in the form of convertible debt on both April 21, 2015 and September 30, 2015. Subsequent to its investment in September 2015, Emmis owns rights that are convertible into approximately 75% of the common equity of Digonex. As Emmis controls and consolidates Digonex, this investment is eliminated in consolidation.
On July 27, 2015, NextRadio LLC entered into an agreement with AT&T whereby AT&T agreed to include FM chip activation in its Android device specifications to wireless device manufacturers. In exchange, AT&T will receive a share of certain revenue generated by the NextRadio application.
On August 21, 2015, the Company received a notification from the Listing Qualifications Department of Nasdaq indicating that the Company's Series A preferred stock was not in compliance with Nasdaq Listing Rule 5450(a)(2) (the “Minimum Market Value Rule”) because the Market Value of Publicly Held Shares (as defined by Nasdaq, "MVPHS") of our Preferred Stock was under $1 million. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has 180 calendar days, or until February 17, 2016, to regain compliance with the requirements under the Minimum Market Value Rule. If, at any time before that date the MVPHS of the Series A preferred stock equals or exceeds $1 million (based on closing bid price) for a minimum of ten consecutive days, Nasdaq will notify the Company that it has achieved compliance with the Minimum Market Value Rule. If the Company does not regain compliance with the Minimum Market Value Rule prior to the end of the 180 day period, Nasdaq will notify the Company that its Preferred Stock will be delisted from the Nasdaq Global Select Market. Nasdaq rules would then permit the Company to appeal any delisting determination by the Nasdaq staff to a Listing Qualifications Panel. The Company does not expect to achieve compliance with the Minimum Market Value Rule and does not intend to appeal a delisting determination with respect to its Preferred Stock.