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International Entertainment News

Thursday, February 28, 2008

Emmis Announces Date of Annual Shareholders Meeting and Dividend on Convertible Preferred Stock

Emmis Announces Date of Annual Shareholders Meeting and Dividend on Convertible Preferred Stock

INDIANAPOLIS, Feb. 28 /PRNewswire-FirstCall/ -- Emmis Communications Corporation (NASDAQ:EMMS) announced that its Board of Directors declared a dividend for its 6.25% convertible preferred stock (NASDAQ:EMMSP) , with a record date of April 1, 2008 and a payable date of April 15, 2008.

The per share dividend for the quarter is $.78125. One share of Emmis preferred stock is convertible to 2.44 shares of Emmis Class A Common Stock using the conversion price of $20.495 a share.

The company also announced its Annual Shareholders Meeting would be held on Tuesday, July 15 at 11 a.m. Eastern at Emmis Worldwide Headquarters in Indianapolis.

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, IN. Emmis owns a radio network, international radio stations, regional and specialty magazines and ancillary businesses in broadcast sales and book publishing.

First Call Analyst:
FCMN Contact:

Source: Emmis Communications Corporation

CONTACT: Kate Snedeker, Media & Investor Relations of Emmis
Communications Corporation, +1-317-266-0100

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


Profile: International Entertainment

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