PROXY CORNER: Emmis Communications Corp.

November 27, 2010

Emmis Communications Corp., One Emmis Plaza, 40 Monument Circle, Suite 700, Indianapolis, IN 46204 (www.emmis.com), is a media company that owns radio stations and magazines. For the six months ended Aug. 31, the company reported a net loss of $6.3 million, or 17 cents a share, on revenue of $127 million. That compares with a net loss of $124 million, or $3.35 a share, on revenue of $124 million in the same period a year earlier. The company’s Class A shares trade on NASDAQ under the ticker symbol EMMS. The company also has Class B shares, which have 10 times the voting power of the Class A shares. Information for Proxy Corner was taken from Yahoo Finance and the company’s proxy statement dated Nov. 10, 2010.

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