Emmis (EMMS) 10-K 2014 FY Annual report

Exhibit 21

INFORMATION REGARDING SUBSIDIARIES OF THE REGISTRANT

Name Under Which Subsidiary Does Business	Jurisdiction of Organization
Emmis Communications Corporation*	IN
Emmis Operating Company	IN
Emmis Radio, LLC1	IN
Emmis Publishing, L.P.2	IN
Emmis Indiana Broadcasting, L.P.3	IN
Emmis Radio Holding Corporation	IN
Emmis Radio Holding II Corporation	IN
Emmis New York Radio LLC	DE
Emmis New York Radio License LLC	DE
Emmis International Broadcasting Corporation	CA
Emmis International Holding B.V.	Netherlands
Slager Radio Co. Zrt. (85%)	Hungary
Slager Radio Sales Kft.	Hungary
Emmis Radio Operating B.V.	Netherlands
Emmis Radio (Hungary) Investments Kft.	Hungary
Emmis Publishing Corporation	IN
Emmis Radio License, LLC4	IN
Emmis License Corporation of New York4	CA
Emmis Radio License Corporation of New York4	CA
NextRadio, LLC	IN
Tagstation, LLC	IN
Mediatex Communications Corporation	IN
Los Angeles Magazine Holding Company, Inc.	IN
Radio Austin Management, L.L.C.	TX
Emmis Austin Radio Broadcasting Company, L.P.	TX
Orange Coast Kommunications, Inc.	DE
Footnotes
* Emmis Communications Corporation directly or indirectly owns 100% of all entities except as otherwise noted.
1 Emmis Radio, LLC operates all our radio stations except for the stations held by Emmis Indiana Broadcasting, L.P., Emmis Austin Radio Broadcasting Company, L.P.
2 Emmis Publishing, L.P. publishes Indianapolis Monthly, Atlanta Magazine, Cincinnati Magazine, Texas Monthly and Los Angeles Magazine.
3 Emmis Indiana Broadcasting, L.P. operates all our Indiana radio stations (WFNI-AM, WLHK-FM, WIBC-FM, WYXB-FM, WTHI-FM ,WWVR-FM, WFNB-FM & WFNF-AM), and Network Indiana.
4 Emmis Radio License, LLC holds all our radio FCC licenses except for the WQHT-FM licenses which are held by Emmis License Corporation of New York, the Austin licenses which are held by Emmis Austin Broadcasting, L.P.