"If you notice your friendly neighborhood Emmis employee walking around with a particularly happy smile today, here's why: Outlined in a memo from CEO Jeff Smulyan, all Emmis employees will be receiving cash bonuses in their next paychecks. Full-time employees are to receive $1,000 with $250 going to all part-time workers. Smulyan says the gesture is to show his appreciation "for their loyalty and dedication." In the memo Smulyan writes: "Emmis is now a smaller, leaner company that can compete with its peers. We have emerged as one of the least leveraged companies in media."
