DETAILED TIMELINE OF EMMIS COMMUNICATIONS
"Emmis," the Hebrew word for Truth.

Jeff Smulyan, Chairman of the Board and Chief Executive Officer
         Smulyan is a cum laude graduate of the University of Southern California with a B.A. in History and Telecommunications. After operating two radio stations, one in Indianapolis, the other in Omaha, Smulayn formed Emmis in 1980. He became the primary shareholder. With Smulyan's leadership Emmis Communications has become a very successful company in the field of telecommunications, owning and operating 15 television stations, 25 radio stations, 7 magazines. Smulyan also serves as co-chair on the Central Indiana Corporate Partnership, a member of  Ball State University's Board of Trustees. In 1995, R&R Magazine voted Smulyan one of the most influential radio executives of the past two decades. In 1994, the White House named Smulyan  the head of the U.S. Delegation of Plenipotentiary Conference of International Telecommunications Union. Smulyan represented the United States as an ambassador. Over the past twenty-three years Jeff Smulyan has led Emmis Communications to be one of the top telecommunications corporations. Currently Smulyan earns $901,125 per year.   (Emmis: Jeff Smulyan,  Multex Investor)


Walter Z. Berger, Executive Vice President and Chief Financial Officer
        Berger, 46, is a cum laude graduate of the University of Massachusetts with a B.B.A.  He has over twenty years of experience with corporate finance. Berger has worked for many large, diverse corporations including the $3.3 billion dollar marketing division of LG&E energy corporation. Berger also  serves on many different civic boards and committees. Currently, Berger earns $877,372 per year. ( Emmis: Walter Berger, Multex Investor)


Gary Kasseff, Executive Vice President and General Counsel
         Kasseff has held his position at Emmis Communications since 1998. Before coming to Emmis Kasseff was a partner of the law firm Epport & Kasseff, was the president of the Seattle Mariners, and practiced law in southern California.  Kasseff has a current salary of $877,372 per year.  (Emmis: Gary Kasseff,  Multex Investor)


Rick Cummings, President of Radio Division
        Cummings, 49, is a Magna Cum Laude graduate of Butler University.  From 1973 to 1981 Cummings was an on-air at WFMS, Indianapolis, a talk show host at WITC, Hartford and WSMB New Orleans, and program director at WNTS, News Talk in Indianapolis.  In 1981, Cummings first joined Emmis as program director of Emmis's flagship station WENS-FM, Indianapolis.  In 1984, he became the national program director for Emmis. Then in 1987, Cummings became Executive Vice President of programming. In 1991, Cummings moved to Los Angeles to become the program director for KPWR-FM. While still keeping his corporate duties, Cummings brought Power 106 back to top ratings and founded the Knowledge is Power foundation raising over one million dollars for L.A.'s youth.  In 2002, Cummings became the president of the Emmis Radio Division and in the past few months he has re-luanched stations in Indianapolis and New York City, and signed on Slager Radio, in Hungary.  Currently, Cummings is earning $835,740 per year.  (Emmis: Rick Cummings, Multex Investor)

Randy Bongarten, President of Television Division
        Bongarten, 51, has a B.A. in Economics from Oberlin College and a M.A. and M.S. in journalism from Columbia University.  Before joining Emmis Communications, Bongarten was the president of NBC Radio from 1984-1988. He worked with Emmis from 1988-1992, holding many positions including Executive Vice President of the Radio Division. In 2000, he was named the President of the Television Division, where he oversees the company's 15 stations across the country. He is also the co-chair of the Radio License Committee and also has served on the board of directors of both the National Association of Broadcasters and the Radio Advertising Bureau.  Currently, Bongarten earns $434,962 per year at Emmis Communications. (Emmis: Randy Bongarten, Multex Investor)


Gary Thoe, President of Publishing Division
        Thoe, 45, has a B.A. and M.A. in chemical engineering from Purdue University and an M.B.A. from Indiana University. Thoe has been president of the Emmis Publishing Division since 1998. Before coming to Emmis, Thoe was the publisher of Indianapolis Monthly, from 1984-1988. He served as president of Mayhill Publications, Inc., and publisher of AntiqueWeek and FarmWeek newspapers from 1982-2000.  Thoe's salary is unavailable.  (Emmis: Gary Thoe)


Paul Fiddick, President of Emmis International
        Fiddick, 52, is a graduate of the University of Missouri with a degree in journalism. He served as Assistant Secretary of Administration for the U.S. Department of Agriculture from 1999-2001. He co-founded the Heritage Media Corp. in 1982, and was president of its 24 station radio division. From 1982-1986 he served as president of Multimedia Inc. Fiddick also served on the board of directors of the National Association of Broadcasters and the Radio Advertising Bureau. At Emmis, Fiddick oversees the international radio stations, Mega 98.3, Radio 10  in Buenos Aires, Argentina,  and Slager Radio in Budapest, Hungary. Fiddick's current salary is unavailable.  (Emmis: Paul Fiddick)

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        As stated in Emmis Communication's letter to their shareholders, one of the major items they are planning for 2003 is splitting their radio and television groups. They wish the two departments to be two separate entities. Smulyan also states in the letter that they will continue to "outperform their peers by posting the highest margins in our business."  

Infinity Broadcasting Corporation - Infinity is a subsidiary of Viacom and owns 185 radio stations in the United States.  Infinity is also the United State's largest outdoor advertising company with over one million ads throughout the U.S. and Europe.  

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•  AOL, other media shares come back
• Former CBS Executive Joins Emmis Board
  
• EMMIS COMMUNICATIONS CORP Financials
• Emmis Names New President of Emmis International
• Emmis Exceeds 3rd Qurater Guidance
• Emmis Announces Plans to Acquire Six Texas Radio Stations