<ARTICLE> 5 <CIK> 0000783005 <NAME> EMMIS COMMUNICATIONS CORPORATION <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> FEB-28-1999 <PERIOD-START> JUN-01-1998 <PERIOD-END> AUG-31-1998 <CASH> 12,762 <SECURITIES> 0 <RECEIVABLES> 48,518 <ALLOWANCES> 1,192 <INVENTORY> 0 <CURRENT-ASSETS> 72,235 <PP&E> 103,582 <DEPRECIATION> 22,876 <TOTAL-ASSETS> 910,827 <CURRENT-LIABILITIES> 79,852 <BONDS> 490,499 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 157 <OTHER-SE> 235,216 <TOTAL-LIABILITY-AND-EQUITY> 910,827 <SALES> 67,873 <TOTAL-REVENUES> 67,873 <CGS> 9,999 <TOTAL-COSTS> 9,999 <OTHER-EXPENSES> 41,235 <LOSS-PROVISION> 153 <INTEREST-EXPENSE> 7,121 <INCOME-PRETAX> 9,365 <INCOME-TAX> 5,204 <INCOME-CONTINUING> 4,161 <DISCONTINUED> 0 <EXTRAORDINARY> 1,597 <CHANGES> 0 <NET-INCOME> 2,564 <EPS-PRIMARY> .28 <EPS-DILUTED> .27