Emmis VP/Finance Ryan Hornaday Promoted to SVP/Finance & Treasurer

Emmis VP/Finance Ryan Hornaday Promoted to SVP/Finance & Treasurer

INDIANAPOLIS, Dec. 18 /PRNewswire-FirstCall/ -- Emmis Communications Corporation (NASDAQ:EMMS) today announced that Ryan Hornaday, Vice President/Finance, has been promoted to Senior Vice President/Finance and has taken on the additional duties of Treasurer.

Patrick Walsh, Emmis Chief Financial Officer/Chief Operating Officer, said the move was well-deserved. "Ryan is one of the more gifted finance executives I've encountered in my career. Emmis is counting on him to assume a key financial leadership role as I focus increasingly on the Emmis Radio efforts. All of us who have worked closely with Ryan know he is up to the challenge and will play a key role in Emmis' future."

The promotion, which is effective immediately, comes on the heels of Walsh's promotion to CFO/COO with oversight of Emmis' domestic radio operations.

Hornaday joined Emmis in 1999 as Director of Financial Reporting and Analysis after serving as a Senior Auditor with Arthur Andersen. He was promoted to Vice President/Finance and Assistant Treasurer in 2006. He is a Summa Cum Laude graduate of Ball State University and passed the CPA exam in 1996.

Emmis Communications -- Great Media, Great People, Great Service(R)

Emmis is an Indianapolis-based diversified media firm with radio broadcasting, television broadcasting and magazine publishing operations. Emmis owns 21 FM and 2 AM domestic radio stations serving the nation's largest markets of New York, Los Angeles and Chicago, as well as St. Louis, Austin, Indianapolis and Terre Haute, Ind. Emmis also owns a radio network, international radio stations, regional and specialty magazines, an interactive business and ancillary businesses in broadcast sales.

Note: Certain statements included in this report or in the financial statements contained herein which are not statements of historical fact, including but not limited to those identified with the words "expect," "will" or "look" are intended to be, and are, by this Note, identified as "forward-looking statements," as defined in the Securities and Exchange Act of 1934, as amended. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company 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 and demand for different types of advertising media;

-- our ability to service our outstanding debt;
-- increased competition in our markets and the broadcasting industry;

-- our ability to attract and secure programming, on-air talent, writers and photographers;

-- inability to obtain (or to obtain timely) necessary approvals for purchase or sale transactions or to complete the transactions for other reasons generally beyond our control;

-- increases in the costs of programming, including on-air talent;
-- inability to grow through suitable acquisitions;
-- changes in audience measurement systems

-- new or changing regulations of the Federal Communications Commission or other governmental agencies;

-- competition from new or different technologies;
-- war, terrorist acts or political instability; and

-- other factors mentioned in documents filed by the Company with the Securities and Exchange Commission.

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

Source: Emmis Communications Corporation

CONTACT: Kate Snedeker of Emmis Communications Corporation,
+1-317-684-6576, kate@emmis.com

Web site: http://www.emmis.com/

NOTE TO EDITORS: Editor's Note: Photos of Ryan Hornaday are available by contacting Kate Snedeker.

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