Emmis Announces Q1 Earnings Call and Annual Shareholder Meeting

Emmis Announces Q1 Earnings Call and Annual Shareholder Meeting

On Wednesday, June 30, 2004, Emmis Communications will host a conference call to discuss first 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, or listen online at www.emmis.com

DATE/TIME Wednesday, June 30, 2004

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

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 midnight on Wednesday, July 7 by dialing 1.203.369.0632.

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.

Emmis also announced that its Annual Shareholder Meeting is scheduled for 10 a.m. (central) on Wednesday, June 30, 2004 at Emmis’ Corporate headquarters in Indianapolis.

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

Kate Healey, Media & Investor Relations, 317.684.6576, kate@emmis.com

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