Emmis Communications Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2009. For the quarter, the company reported net income attributable to common shareholders of $1,666,000 or $0.04 per diluted share on net revenues of $64,582,000 against net loss attributable to common shareholders of $125,657,000 or $3.45 per diluted share on net revenues of $79,216,000 for the same period in the last year. Operating income was $9,098,000 against operating loss of $198,097,000 for the same period in the last year. Income before income taxes and discontinued operations was $1,888,000 against loss before income taxes and discontinued operations $204,397,000 for the same period in the last year. Income from continuing operations was $5,278,000 or $0.05 per diluted share against loss from continuing operations of $123,287,000 or $3.47 per diluted share for the same period in the last year. Net income attributable to the company was $3,861,000 against net loss attributable to the company of $125,657,000 for the same period in the last year. The increase in net income for the three months ended November 30, 2009 is mostly due to the timing of interim intangible impairment reviews. The decrease in operating income is attributable to the declining revenues in both radio and publishing divisions and restructuring and impairment losses, all of which are partially offset by reduced station operating expenses, excluding depreciation and amortization. Radio net revenues decreased in both the three-month and nine-month periods ended November 30, 2009, principally as a result of a precipitous decline of advertising spending in domestic and international radio markets due to the global economic slowdown. The decrease in publishing net revenue in both periods is principally attributable to the economic slowdown that diminished demand for advertising inventory at most of city/regional publications. For the nine months, the company reported net loss attributable to common shareholders of $121,908,000 or $3.30 per diluted share on net revenues of $188,587,000 against net loss attributable to common shareholders of $125,471,000 or $3.46 per diluted share on net revenues of $246,299,000 for the same period in the last year. Operating loss was $162,498,000 against operating loss of $170,690,000 for the same period in the last year. Loss before income taxes and discontinued operations was $148,995,000 against loss before income taxes and discontinued operations $191,939,000 for the same period in the last year. Loss from continuing operations was $112,391,000 or $3.31 per diluted share against loss from continuing operations of $118,533,000 or $3.53 per diluted share for the same period in the last year. Net loss attributable to the company was $121,908,000 against net loss attributable to the company of $125,471,000 for the same period in the last year. The increase in net income for the nine months ended November 30, 2009 is due to the gain on extinguishment of debt associated with Dutch tender auctions and a smaller impairment loss as a result of interim intangible impairment reviews, partially offset by lower operating income. Net cash provided by operating activities was $19,999,000 against $39,839,000 for the same period in the last year. Purchases of property and equi pment were $2,302,000 against $3,944,000 for the same period in the last year. The company expects capital expenditures related to continuing operations to be approximately $4.5 million in the Fiscal 2010, compared to $20.4 million in fiscal 2009, which included approximately $14.4 million of capital expenditures related to the airplane. The company expects that future requirements for capital expenditures will include capital expenditures incurred during the ordinary course of business.

Emmis Communications Corp. expected to Report Fiscal Year 2010 Results on May 10, 2010. This event was calculated by Capital IQ (Created on January 8, 2010).

Emmis Communications Corp. Presents at The BMO Capital Markets 17th Annual Digital Entertainment Conference, Nov-12-2009 through Nov-12-2009. Venue: The Grand Hyatt Hotel, Park Avenue at Grand Central, New York, New York, United States. Speakers: Jeffrey H. Smulyan, Founder, Executive Chairman, Chief Executive Officer and President.

Astral Media Radio Partners with Emmis Interactive to Super-Charge its Interactive Business

Greg Loewen Named President of Emmis Publishing

Astral Media Radio Partners with Emmis Interactive to Super-Charge its Interactive Business

EMMIS COMMUNICATIONS CORP Files SEC form 8-K, Change in Directors or Principal Officers

Greg Loewen Named President of Emmis Publishing

Abacast Announces New Board Members and Record 2009 Revenues

Abacast Announces New Board Members and Record 2009 Revenues

Radio Royalties Fight Heats Up In Washington

EMMIS COMMUNICATIONS CORP Files SEC form 10-Q, Quarterly Report

EMMIS COMMUNICATIONS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement

Stocks End Mixed, Bullish Momentum Remains Intact

EMMIS COMMUNICATIONS CORP Files SEC form 10-K/A, Annual Report

EMMIS COMMUNICATIONS CORP Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review

[$$] Hungarian Radio Auctions Are Questioned

EMMIS COMMUNICATIONS CORP Files SEC form 8-K, Regulation FD Disclosure