Emmis Announces Q3 Earnings Call

On Wednesday, January 9, 2008, Emmis Communications (Nasdaq: EMMS) will host a conference call to discuss third-quarter earnings. Emmis Chairman/Chief Executive Officer Jeff Smulyan and Chief Financial Officer Patrick Walsh will host the call.

To access this conference call, please dial 1.517.623.4891, or listen online at www.emmis.com.

DATE/TIME Wednesday, Jan. 9, 2008

Eastern 9 a.m.

Central 8 a.m.

Mountain 7 a.m.

Pacific 6 a.m.

CALL NAME/PASSCODE Emmis

MODERATORS Jeff Smulyan

Patrick Walsh

PLEASE NOTE To facilitate call entry, we recommend that you place your call five minutes before the scheduled start time.

CALL PLAYBACK A digital playback of the call will be available until 11 p.m. on Wednesday, Jan. 16 by dialing 1.203.369.3135.

Investors have the opportunity to listen to the conference call over the Internet through the Emmis website, www.emmis.com. To listen to the live call, please go to the website at least 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available on the site shortly after the call.

If you have any questions or need further clarification, please contact:

Kate Snedeker, kate@emmis.com, 317.684.6576

*****