Emmis Announces 3rd Quarter Earnings Release Date

Indianapolis…On Tuesday, January 9, 2007, Emmis Communications Corporation (NASDAQ: EMMS) will host a conference call to discuss 3rd 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 Tuesday, Jan. 9, 2007

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

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 through Tuesday, Jan. 16, by dialing 1.402.220.9725.

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 website 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 Snedeker, Media & Investor Relations, 317.684.6576, kate@emmis.com

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