Emmis Lands 8-Year Extension of License in Slovakia

INDIANAPOLIS, May 10, 2011 /PRNewswire/ — Emmis Communications Corporation
(Nasdaq: EMMS) has been granted an 8-year extension of its license to operate
radio station Radio Expres in Slovakia by the Slovakian licensing body, the
Council for Broadcasting and Retransmission.

“We are very gratified by the decision,” Jeff Smulyan, President & CEO of Emmis
Communications said. “We are proud of our team at Radio Expres. They have set
the very highest standards in Slovakian broadcasting, and today’s decision
recognizes their accomplishments. We are delighted that Radio Expres will be
serving the people of Slovakia for many more years!”

“Radio Expres is the most popular station in Slovakia, with the largest over the
air audience and largest station website reaching over 1.5 million Slovaks
weekly,” Eva Babitzova, general manager of the station, said. “The new license
is good news not only for the hard-working team at the station, but primarily
for the loyal listeners of Radio Expres.”

The station, launched in January 2000 with Emmis acquiring the license in 2005,
features popular music, news and entertainment. Its web page (www.expres.sk) is
the most visited of all Slovakian radio stations. Radio Expres broadcasts from
Bratislava, the capital of Slovakia and is heard throughout the country. In
addition to the 8-year extension of the license, the company also was awarded an
option for an additional 8-year extension.

Emmis Communications Corporation is a diversified media company, principally
focused on radio broadcasting. Emmis operates the 8th largest publicly traded
radio portfolio in the United States based on total listeners. As of February
28, 2010, Emmis owns and operates seven FM radio stations serving the nation’s
top three markets – New York, Los Angeles and Chicago, although one of Emmis’ FM
radio stations in Los Angeles is operated pursuant to a Local Marketing
Agreement whereby a third party provides the programming for the station and
sells all advertising within that programming. Additionally, Emmis owns and
operates fourteen FM and two AM radio stations with strong positions in St.
Louis, Austin (Emmis has a 50.1% controlling interest in Emmis’ radio stations
located there), Indianapolis and Terre Haute, IN.

SOURCE Emmis Communications Corporation