McGuire Named Executive Producer of The Daily Buzz

Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) and ACME Communications, Inc. (NASDAQ: ACME) today announced that Troy McGuire has been named Executive Producer of The Daily Buzz, a weekday morning news program that airs in 127 markets on broadcast and cable stations.

“Troy’s energy and experience in television news made him the right choice to lead The Daily Buzz,” Randall Bongarten, President of Emmis Television, said.

“He is well respected in the industry, and his vision will help drive the expansion of The Daily Buzz into new markets,” added Doug Gealy, President of ACME Communications.

In January, 2004, ACME Communications and Emmis formed a 50/50 joint venture to produce The Daily Buzz, which runs from 6 a.m. to 9 a.m. and is targeted at a younger audience than traditional morning news shows

McGuire has worked in television news since 1991. Since 2002, McGuire has served as News Director of KPTV-TV, the Fox affiliate in Portland, Ore. From 2000-2002, he was the news director at KTVN-TV, the CBS affiliate in Reno, Nev.; from 1997-2000, he was the executive producer at KHQ-TV, the NBC affiliate in Spokane, Wash., and from 1996-97, he was the creative producer of WWOR-TV, the UPN affiliate in New York. From 1991-96, he was a producer with stops at KSEE-TV, the NBC affiliate in Fresno; WBNS-TV, the CBS affiliate in Columbus, Ohio; KRNV-TV, the NBC affiliate in Reno; and KAME-TV, the Fox affiliate in Reno.

McGuire is a graduate of Fresno State (Bachelor of Arts) and Gonzaga universities (Master of Arts). He assumes his new responsibilities by May 31.

Emmis Communications – Great Media, Great People, Great Service sm

Emmis Communications is an Indianapolis-based diversified media firm with radio broadcasting, television broadcasting and magazine publishing operations. Emmis Television’s 16 stations include: WKCF-TV, WB 18 in Orlando, FL; KOIN-TV, CBS 6 in Portland, OR; WVUE-TV, FOX 8 in New Orleans; KRQE-TV, CBS 13 in Albuquerque, NM; WSAZ-TV, NBC 3 in Huntington/Charleston, WV; WALA-TV FOX 10 and WBPG-TV WB 55 in Mobile, AL/Pensacola, FL; KSNW-TV, NBC 3 in Wichita, KS; WLUK-TV, FOX 11 in Green Bay, WI; KGUN-TV, ABC 9 in Tucson, AZ; KGMB-TV, CBS 9 and KHON-TV, FOX 2 in Honolulu; KMTV-TV, CBS 3 in Omaha, NE; WFTX-TV, FOX 4 in Ft. Myers, FL; KSNT-TV, NBC 27 in Topeka, KS; and WTHI-TV, CBS 10 in Terre Haute, IN.

About ACME Communications, Inc.

ACME Communications, Inc. owns and operates nine television stations serving markets covering 3.7% of the nation’s television households, making the Company the fourth largest affiliate group of The WB Television Network. The Company’s stations are: KUWB-TV, Salt Lake City, UT; KWBQ-TV and KASY-TV, Albuquerque-Santa Fe, NM; WBDT-TV, Dayton, OH; WBXX-TV, Knoxville, TN; WIWB-TV, Green Bay-Appleton, WI; WBUI-TV, Champaign-Springfield-Decatur, IL; WTVK-TV, Ft. Myers-Naples, FL and WBUW-TV, Madison, WI. All of the Company’s stations, except KASY-TV, a UPN affiliate, are WB Network affiliates. ACME’s shares are traded on the NASDAQ Stock Market under the symbol: ACME.

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 statements. Emmis does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.