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                                                                   EXHIBIT 99.2

                          Notice of Guaranteed Delivery
                                       for
                    8-1/8% SENIOR SUBORDINATED NOTES DUE 2009
                                       of

                        EMMIS COMMUNICATIONS CORPORATION

         This form or one substantially equivalent hereto must be used to accept
the Exchange Offer of Emmis Communicaitons Corporation (the "Issuer") made
pursuant to the Prospectus dated ______________________, 1999 (the "Prospectus")
if Holders of certificates for the 8-1/8% Senior Subordinated Notes Due 2009
(the "Old Notes") who wish to tender their Old Notes but whose Old Notes are not
immediately available and who cannot deliver their certificates for Old Notes
(or comply with the procedures for book-entry transfer prior to the Expiration
Date), the Letter of Transmittal and any other documents required by the Letter
of Transmittal to the Exchange Agent prior to 5:00 P.M., New York City time, on
the Expiration Date (as defined in the Prospectus). Such form may be delivered
by hand or transmitted by facsimile transmission, overnight courier or mail to
the Exchange Agent. Capitalized terms used but not defined herein have the
meaning given to them in the Prospectus.

           To: IBJ Whitehall Bank & Trust Company, the Exchange Agent



By Registered or Certified Mail:           By Overnight Courier or by Hand:

IBJ Whitehall Bank & Trust Company         IBJ Whitehall Bank & Trust Company
1 State Street, 10TH Floor                 1 State Street, 10TH Floor
New York, New York 10004                   New York, New York 10004
Attn: Corporate Trust Administration       Attn: Corporate Trust Administration


By Facsimile:

(212) 858-2952

Confirm by telephone:
(800)


         Delivery of this instrument to an address, or transmission of
instructions via a facsimile other than as set forth above, does not constitute
a valid delivery.

         This form is not to be used to guarantee signatures. If a signature on
the Letter of Transmittal to be used to tender Old Notes is required to be
guaranteed by an "Eligible Institution" under the instructions thereto, such
signature guarantee must appear in the applicable space provided in the Letter
of Transmittal.



Ladies and Gentlemen:

         The undersigned hereby tenders to the Issuer, upon the terms and
subject to the conditions set forth in the Prospectus and the Letter of
Transmittal (which together constitute the "Exchange Offer"), receipt of which
is hereby acknowledged, ____________ (number of Old Notes) Old Notes pursuant to
the guaranteed delivery procedures set forth in Instruction 2 of the Letter of
Transmittal.


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            NOTE: SIGNATURES MUST BE PROVIDED WHERE INDICATED BELOW.



Certificate No(s). for Old 
Notes (if available)                  Name(s) of Record Holder(s)

____________________                  _________________________________________

____________________                  _________________________________________
                                              Please Print or Type


                                      Address:
                                      _________________________________________

                                      _________________________________________


                                     Telephone. No.( )__________________________

                                     Signature(s)_______________________________

                                     ___________________________________________

                                     Dated:_____________________________________


                                    GUARANTEE

                    (Not to be used for signature guarantee)

     The undersigned, a member firm of a registered national securities exchange
or of the National Association of Securities Dealers, Inc., or a commercial bank
or trust company having an office or correspondent in the United States or an
"eligible guarantor institution" within the meaning of Rule 17Ad-15 under the
Securities Exchange Act of 1934, as amended, hereby (a) represents that the
above named person(s) own(s) the Old Notes tendered hereby and (b) guarantees
that delivery to the Exchange Agent of certificates for the Old Notes tendered
hereby, in proper form for transfer, with delivery of a properly completed and
duly executed Letter of Transmittal (or manually signed facsimile thereof) with
any required signature and any other required documents, will be received by the
Exchange Agent at one of its addresses set forth above within five business days
after the Expiration Date.



 Name of Firm:                             _____________________________________
                                                  Authorized Signature
_____________________________________

 Address:                                Name___________________________________
_____________________________________                Please Print or Type

_____________________________________    Title__________________________________
                            Zip Code

 Telephone. No.( )___________________    Date:_______________      


 Dated:          , 1999

NOTE: DO NOT SEND OLD NOTES WITH THIS FORM; OLD NOTES SHOULD BE SENT WITH YOUR
LETTER OF TRANSMITTAL SO THAT THEY ARE RECEIVED BY THE EXCHANGE AGENT WITHIN
FIVE BUSINESS DAYS AFTER THE EXPIRATION DATE.