Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  DJD GROUP, LLLP
 2. Date of Event Requiring Statement (Month/Day/Year)
07/09/2010		 3. Issuer Name and Ticker or Trading Symbol
EMMIS COMMUNICATIONS CORP [EMMS]
(Last)
(First)
(Middle)
4221 WEST BOY SCOUT BOULEVARD, SUITE 1000		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
member of 10% owner group
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

TAMPA, FL 33607		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
6.25% Series A Cumulative Convertible Preferred Stock 101,210 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DJD GROUP, LLLP
4221 WEST BOY SCOUT BOULEVARD
SUITE 1000
TAMPA, FL 33607		       member of 10% owner group

Signatures

Don DeFosset, as General Partner of DJD Group, LLLP 07/19/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Reporting Person may be deemed to be a member of a 'group' (within the meaning of Rule 13d-5(b) promulgated under the Securities Exchange Act of 1934) whose voting of shares (of the 6.25% Series A Cumulative Convertible Preferred Stock) is contractually restricted in certain respects pursuant to a Lock-Up Agreement among the shareholders of the issuer. Collectively, those shareholders beneficially own more than 10% of the 6.25% Series A Cumulative Convertible Preferred Stock in the issuer. The Reporting Person himself beneficially owns less than 10% of such stock, and he disclaims ownership of all such stock other than the shares he beneficially owns.
 
Remarks:
Shares of the issuer's 6.25% Series A Cumulative Convertible Preferred Stock are convertible into shares of common stock in the issuer.  If the Reporting Person is deemed to be a member of a 'group' (within the meaning of Rule 13d-5(b) promulgated under the Securities Exchange Act of 1934), and if all such preferred shares that are beneficially owned by such group were converted into common stock, neither that group (taken as a whole) nor the Reporting Person would beneficially own 10% or more of the common stock (or any class of common stock) in the issuer.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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