Emmis Announces Dividend on Convertible Preferred Stock

Indianapolis…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 July 1, 2008 and a payable date of July 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.

Emmis Communications — Great Media, Great People, Great Service®

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.

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Emmis Corporation
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Privacy Policy | Terms of Service | Transparency in Coverage (TIC)

Emmis is an equal opportunity employer. We believe in the dignity and the worth of every individual.  We will not discrimi­nate against or favor any employee or applicant, or make any decision or take any action, based on race, color, national origin, citizenship status, creed, religion, religious affiliation, age, sex, marital status, sexual orientation, gender identity, disability, veteran status, or any other protected status. Emmis also prohibits any discriminatory or demeaning language, emphasis, characterization or conduct by its employees that may harass, intimidate, insult, ridicule, emphasize, or characterize another person because of his/her race, color, religion, national origin, sex, age, sexual orientation, disability or other legally-protected status or characteristic.

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