Emmis Announces 3rd Quarter Conference Call

On Wednesday, January 8, 2003 Emmis Communications will host a conference call to discuss third quarter earnings. Emmis Chairman/Chief Executive Officer Jeff Smulyan and Executive Vice President/Chief Financial Officer Walter Berger will host the call.

To access this conference call, please dial 1.630.395.0024 listen online at www.emmis.com

DATE/TIME Wednesday, Jan. 8, 2003

Eastern 9 a.m.

Central 8 a.m.

Mountain 7 a.m.

Pacific 6 a.m.

CALL NAME/PASSCODE Emmis Communications

CALL LEADERS Jeff Smulyan

Walter Berger

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

through Wednesday, Jan. 15, by dialing 1.402.220.3019.

Investors have the opportunity to listen to the conference call over the Internet through the Emmis site, www.emmis.com. To listen to the live call, please go to the web site at least fifteen 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 Healey, Media & Investor Relations, 317.684.6576, kate@emmis.com