Newcomer Named Emmis Interim CFO

Indianapolis…David Newcomer, currently Emmis Communications Corporation (Nasdaq: EMMS) Vice President of Finance and Controller of Emmis’ Radio Division, has been named interim Chief Financial Officer of Emmis effective immediately.

Walter Z. Berger, who has served as Emmis’ CFO since 1999, notified the company that he will be leaving in January.

The company, which will engage a firm to conduct an extensive national search, expects an orderly transition of duties.

Newcomer, 44, joined Emmis in 1988 and has served as VP/Finance for the past seven years, with duties including corporate finance, investor relations and most recently radio division controller. Before joining Emmis, Newcomer, a graduate of Butler University, worked at the accounting firm of Katz Sapper Miller.

“Dave’s experience with our radio group and the respect he has earned from those who work with him and for him will ensure that we won’t miss a beat,” Emmis President & CEO Jeff Smulyan. “Walter has done tremendous work for Emmis. We thank him for his years of service.”

Emmis Communications — Great Media, Great People, Great Service®

Emmis is an Indianapolis-based diversified media firm with radio broadcasting, television broadcasting and magazine publishing operations. Emmis owns 22 FM and 2 AM domestic radio stations serving the nation’s largest markets of New York, Los Angeles and Chicago, as well as Phoenix, St. Louis, Austin, Indianapolis and Terre Haute, IN. Emmis owns a radio network, international radio stations, regional and specialty magazines and ancillary businesses in broadcast sales and book publishing.

-30-