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IN BRIEF.(TO THE POINT)

Investor's Business Daily

| July 01, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Emmis Communications lost $1.36 a share in Q1, dragged down by a $1.48 loss on debt elimination. Ex items it earned 12 cents, 5 cents over views. Revenue at the radio station owner rose 14% to $161 mil. Shares rose 8% to 20.98.

Weyerhaeuser sold 304,000 acres of Georgia timberlands to 4 firms for about $404 mil; proceeds from the sale will be used to reduce debt. Credit Suisse First Boston raised the forest products company's rating from "underperform" to "neutral." Shares rose 3.5% to 63.12.

Raytheon won a 5-year, $70.2 mil contract with the Navy. If options are exercised, the ...

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