Emmis Announces 4th Quarter Earnings Date

Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced that the company will release 4th quarter earnings during a conference call at 9 a.m. Eastern on Tuesday, April 15, 2003. Emmis Chairman/Chief Executive Officer Jeff Smulyan and Executive Vice President/Chief Financial Officer Walter Berger will host the call. To access the conference call, please dial 1.630.395.0023. A replay will be available until Tuesday, April 22 by dialing 1.402.220.3834.

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

DATE/TIME Tuesday, April 15, 2003

Eastern 9 a.m.

Central 8 a.m.

Mountain 7 a.m.

Pacific 6 a.m.

CALL NAME/PASSCODE Emmis Communications

MODERATORS Jeff Smulyan & Walter Berger

DIAL-IN 1.630.395.0023

PLAYBACK Until Tuesday, April 22, by dialing 1.402.220.3834.

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 15 minutes early to register and 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