MANCOW BACK ON Q101

July 30, 2001

Indianapolis – EMMIS Communications Corporation (Nasdaq: EMMS) today announced that the company and WKQX-FM (Chicago’s Q101) morning man Mancow Muller are continuing contract negotiations while Mancow returns to the air.

While no definitive agreement has been reached, lawyers for both sides worked through the weekend and will continue until a definitive agreement is finalized. The parties hope to reach agreement in the next two weeks.

Mancow’s Morning Madhouse returned to the air this morning, Monday, July 30th.

Emmis Corporation

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