text: about emmis 
  
  Emmis Communications (NASDAQ: EMMS) owns 23 FM and 4 AM 
  domestic radio stations serving the nation’s largest markets of New 
  York, Los Angeles and Chicago as well as Phoenix, St. Louis, Austin, 
  Indianapolis and Terre Haute, Ind. In addition, Emmis owns 16 television 
  stations, award-winning regional and specialty magazines, a radio net- 
  work, international radio interests, and ancillary businesses in broadcast 
  sales and publishing. 
  
  Emmis was founded in 1980, and the company launched its first radio 
  station, WENS-FM, in July 1981. As Emmis (the Hebrew word for 
  “truth”) acquired more radio stations across the nation, it established a 
  reputation for sound operations and emerged as a radio industry leader 
  and innovator. Emmis was the first broadcast company to own top- 
  rated radio stations in both L.A. and New York, and it pioneered such 
  concepts as the all-sports format. 
  
  The company launched its magazine division in 1988 with the purchase 
  of*Indianapolis Monthly*, and moved into the world of international radio 
  in 1997, when it was awarded a license to operate a national radio 
  network in Hungary. In 1998, Emmis expanded into television by buying 
  six television stations in markets throughout the United States. In the last 
  six years, the company has added properties in each of its divisions. 