EVP/CFO Patrick Walsh Named Emmis COO/CFO
Published In: Business, Indiana 
Monday, December 15, 2008 1:30 PM
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INDIANAPOLIS, Dec. 15 /PRNewswire-FirstCall/ -- Emmis Communications
Corporation (Nasdaq: EMMS) today announced that Patrick Walsh, EVP/Chief
Financial Officer, has added the responsibility of Chief Operating Officer to
his role and will now oversee all domestic radio. Rick Cummings, president of
the radio division since 2002, will remain with Emmis and focus once again on
his passion as President of Programming for Emmis Radio.

Walsh, 41, will continue to serve as Chief Financial Officer, a title he
has held since September 2006. He was also appointed to Emmis' Board of
Directors.

"Competing in today's radio environment requires fresh perspectives," Jeff
Smulyan, Emmis Chairman and CEO said. "Pat will bring to our radio division
what he's learned about Emmis as CFO, but also his experience as an executive
and consultant building growth businesses. Working with Rick Cummings and our
managers, I'm confident Pat can provide the leadership necessary for Emmis to
lead radio's rebound."

"I look forward to working with Rick and our talented team to position
Emmis Radio to be successful," Walsh said. "I firmly believe Emmis Radio will
be central to radio's successful reinvention. These are challenging times for
traditional media, but Emmis' leading large-market brands matter in the lives
of millions of listeners and countless advertisers. I plan to work closely
with our teams to find creative ways to develop and monetize our brands in a
multiplatform universe."

The moves are effective immediately.

Walsh came to Emmis from iBiquity Digital Corporation, the developer and
licenser of HD Radio technology, where he had served as CFO and Senior Vice
President since 2002. Prior to joining iBiquity, Walsh was a management
consultant for McKinsey & Company, one of the world's top management
consulting firms. His previous management experience includes positions at
General Motors Acceptance Corporation and Deloitte & Touche LLP. He earned a
Bachelor of Business Administration degree in accounting and finance from the
University of Michigan and an MBA from Harvard Business School.


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, Ind. Emmis also owns a radio network,
international radio stations, regional and specialty magazines, an interactive
business and ancillary businesses in broadcast sales.


Note: Certain statements included in this report or in the financial
statements contained herein which are not statements of historical fact,
including but not limited to those identified with the words "expect," "will"
or "look" are intended to be, and are, by this Note, identified as
"forward-looking statements," as defined in the Securities and Exchange Act of
1934, as amended. Such statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of the Company to be materially different from any future
result, performance or achievement expressed or implied by such forward-
looking statement. Such factors include, among others:


-- general economic and business conditions;

-- fluctuations in the demand for advertising and demand for different
types of advertising media;

-- our ability to service our outstanding debt;

-- increased competition in our markets and the broadcasting industry;

-- our ability to attract and secure programming, on-air talent, writers
and photographers;

-- inability to obtain (or to obtain timely) necessary approvals for
purchase or sale transactions or to complete the transactions for other
reasons generally beyond our control;

-- increases in the costs of programming, including on-air talent;

-- inability to grow through suitable acquisitions;

-- changes in audience measurement systems

-- new or changing regulations of the Federal Communications Commission or
other governmental agencies;

-- competition from new or different technologies;

-- war, terrorist acts or political instability; and

-- other factors mentioned in documents filed by the Company with the
Securities and Exchange Commission.



Emmis does not undertake any obligation to publicly update or revise any
forward-looking statements because of new information, future events or
otherwise.


SOURCE Emmis Communications Corporation


 
Monday, December 15, 2008 1:30 PM

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