EMMIS COMMUNICATIONS CORPORATION ANNOUNCES AGREEMENTS TO SELL WKCF-TV AND KKFR-FM Hearst-Argyle to Purchase Orlando’s WB/CW Affiliate for $217.5 Million; Bonneville to Purchase Phoenix Radio Station for $77.5 Million Chairman and CEO Proposal: Indianapolis, IN, May 8, 2006 – Emmis Communications Corporation (NASDAQ: EMMS) (“Emmis”) today announced that ECC Acquisition, Inc., an Indiana corporation wholly-owned by […]