Corporate Office Business Transfer Agent Register Annual Meeting Form 10-K Market and Dividend Information Executive Officers One Emmis Plaza, 40 Monument Circle, Suite 700, Indianapolis, Indiana 46204, 317.266.0100. Emmis Communications (NASDAQ: EMMS) is a diversified media firm with award- winning radio broadcasting, television broadcasting and magazine publishing  operations. Emmis’ 23 FM and 4 AM domestic radio stations serve the nation’s largest markets of New York, Los Angeles and Chicago as well as Phoenix, St. Louis, Austin, Indianapolis and Terre Haute, Ind. The company’s 16 television stations are located in Albuquerque, N.M.; Fort Myers, Fla.; Green Bay, Wis.; Honolulu; Huntington, W.Va.; Mobile, Ala./Pensacola, Fla.; New Orleans; Omaha, Neb.; Orlando, Fla.; Portland, Ore.; Terre Haute, Ind.; Topeka, Kan.; Tucson, Ariz.; and Wichita, Kan. Emmis also publishes Indianapolis Monthly, Texas Monthly, Cincinnati, Atlanta, Los Angeles and Country Sampler Group magazines; has a 59.5% interest in Sláger Rádió, a national radio  network in Hungary; operates nine FM radio stations serving more than 50 percent of the population in the Flanders region of Belgium; and has ancillary businesses in broadcast sales, publishing and interactive products.  Wachovia Bank N.A., Shareholder Services Group,  1525 West W.T. Harris Blvd., 3c3, Charlotte, North Carolina 28288-1153. The Annual Meeting of shareholders will be held at 10 a.m. Central Time on Wednesday, June 30, 2004, at Emmis’ Corporate office. A copy of the Annual Report on Form 10-K for the fiscal year ended February 29, 2004, which was filed with the Securities and Exchange Commission, will be sent  to shareholders without charge upon written request to Kate Healey, Emmis Communications Corporation, One Emmis Plaza, 40 Monument Circle, Suite 700, Indianapolis, Indiana 46204, or ir@emmis.com. The Company’s Class A Common Stock is traded in the over-the-counter market and is quoted on the National Association of Securities Dealers Automated Quotation (NASDAQ) National Market System under the symbol EMMS.  The following table sets forth the high and low bid prices of the Class A Common Stock for the periods indicated. No dividends were paid during any such periods. On April 23, 2004, there were approximately 4,841 record holders of the Class A Common Stock and one record holder of the Class B Common Stock. Emmis intends to retain future earnings for use in its business and does not anticipate paying any dividends on shares of its common stock in the foreseeable future. Jeffrey H. Smulyan Chairman of the Board,  President and Chief Executive Officer Walter Z. Berger Executive Vice President,  Chief Financial Officer and Treasurer Randall Bongarten Television Division President Richard F. Cummings Radio Division President Gary L. Kaseff Executive Vice President,  General Counsel Paul W. Fiddick International Division President Michael Levitan Senior Vice President,  Human Resources Gary Thoe Publishing Division President Board of Directors Jeffrey H. Smulyan Chairman of the Board,  President and Chief Executive Officer Susan B. Bayh Former Commissioner of the International Joint Commission of the United States and Canada Walter Z. Berger Executive Vice President,  Chief Financial Officer and Treasurer Gary L. Kaseff Executive Vice President,  General Counsel Richard A. Leventhal President and Majority Owner,  LMCS, LLC Peter A. Lund Media consultant and former  President of CBS Inc. Greg A. Nathanson Media consultant and former President of Fox Television Stations and Emmis Television  Frank V. Sica  Senior Advisor  Soros Fund Management LLC Lawrence B. Sorrel Managing Partner and Co-CEO Tailwind Capital Partners Quarter Ended High Low May 2002 31.85 26.15 August 2002 30.15 11.65 November 2002 24.05 14.25 February 2003 24.86 17.82 May 2003 21.24 14.84 August 2003 23.87 18.68 November 2003 24.06 18.00 February 2004 28.65 22.74