Emmis to Present at Upcoming Media Conferences

Emmis to Present at Upcoming Media Conferences

Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) Chairman and CEO Jeff Smulyan and Walter Berger, Executive Vice President and CFO, will be speaking at two media conferences in New York City next week.

On Tuesday, May 25, 2004, at 9:50 a.m. (Eastern), Jeff Smulyan will participate in a panel discussion of “Broadcasters Looking for Opportunities in the Digital Spectrum” at the Banc of America Securities Media, Telecommunications and Entertainment Conference.

On Wednesday, May 26, 2004 at 9:30 a.m.(Eastern), Walter Berger will address the Credit Suisse First Boston Small Cap Growth Conference.

Audio streams of both presentations will be accessible by visiting the Emmis website, www.emmis.com.

Emmis Communications…Great Media. Great People. Great Service. ®

Emmis Communications is an Indianapolis-based diversified media firm with radio broadcasting, television broadcasting and magazine publishing operations. Emmis’ 23 FM and 4 AM domestic radio stations serve the nation’s largest markets of New York, Los Angeles and Chicago as well as Phoenix, St. Louis, Austin, Indianapolis and Terre Haute, IN. In addition, Emmis owns a radio network, international radio stations, 16 television stations, regional and specialty magazines, and ancillary businesses in broadcast sales and book publishing.

Certain statements included above which are not statements of historical fact, including financial data for quarters or other periods that are not yet completed and statements identified with the words “continues,” “expect,” “will,” or “would” are intended to be, and are, identified as “forward-looking statements,” as defined in the Securities and Exchange Act of 1934, as amended, and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Emmis to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statement. Such factors include, among others, general economic and business conditions; fluctuations in the demand for advertising; increased competition in the broadcasting industry, including the implementation of competing formats in large markets; changes in the costs of programming; changes in interest rates; inability to grow through suitable acquisitions, including the desired radio; future terrorist attacks or other large-scale disasters; failure to receive necessary regulatory approvals; and other factors mentioned in documents filed by Emmis with the Securities and Exchange Commission, including the current report on Form 8-K/A, July 15, 2002. Emmis does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

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