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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of report (Date of earliest event reported)   DECEMBER 23, 2005


                        EMMIS COMMUNICATIONS CORPORATION
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             (Exact Name of Registrant as Specified in Its Charter)


                                     INDIANA
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                 (State or Other Jurisdiction of Incorporation)


              0-23264                                     35-1542018
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     (Commission File Number)                 (IRS Employer Identification No.)


   ONE EMMIS PLAZA, 40 MONUMENT CIRCLE,
     SUITE 700, INDIANPOLIS, INDIANA                         46204
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 (Address of Principal Executive Offices)                  (Zip Code)


                                  317-266-0100
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              (Registrant's Telephone Number, Including Area Code)


                                 NOT APPLICABLE
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          (Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01    OTHER EVENTS

On December 23, 2005, Emmis Communications Corporation (the "Company") called
for redemption $230 million aggregate outstanding principal amount of its
Floating Rate Senior Notes due 2012 (the "Notes"), pursuant to the terms of the
Indenture, dated June 21, 2005, between the Company and The Bank of Nova Scotia
Trust Company of New York, as trustee. The Notes will be redeemed on a pro rata
basis on January 23, 2006 (the "Redemption Date"). The redemption price for the
Notes to be redeemed is $1,000.00 per $1,000 in aggregate principal amount of
the Notes, plus accrued and unpaid interest on the Notes to be redeemed to the
Redemption Date.





                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned, thereunto duly authorized.

Dated:  December 23, 2005


                                      EMMIS COMMUNICATIONS CORPORATION



                                      By: /s/ J. Scott Enright
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                                          Name:   J. Scott Enright
                                          Title:  Vice President, Associate
                                                  General Counsel and Secretary