Jacor: Acquires Two Stations in Chillicothe Contact: Pam Taylor 606.655.6523 FOR IMMEDIATE RELEASE COVINGTON, KY., February, 2, 1998: Jacor Communications, Inc. (Nasdaq: JCOR) today expanded its regional cluster presence in the State of Ohio. Jacor signed a definitive agreement with Pearl Broadcasting, Inc. to acquire WKKJ-FM and WBEX-AM in Chillicothe, Ohio for $6.0 million. The addition of the heritage Chillicothe signals brings Jacor's Ohio presence to 54 stations representing the largest regional cluster of radio stations in the country. Jacor CEO Randy Michaels said, "Jacor's strategy continues to focus on using the strength of regional clustering to improve the quality of radio in smaller markets. We're excited to add the Chillicothe stations to our Ohio cluster." Pearl Broadcasting Treasurer, Randy Kendrick added, "Jacor is on the cutting edge of the evolution of radio. Chillicothe listeners and advertisers will benefit from Jacor's regional position." Jorgensen Broadcast Brokerage assisted in the transaction which is subject to regulatory review. Jacor is the nation's second largest radio company measured by total stations. Including announced pending acquisitions, Jacor now owns, operates or represents 189 radio stations in 49 broadcast areas and WKRC-TV in Cincinnati. Additionally, Jacor's wholly owned subsidiary Premiere Radio Networks is the country's third largest provider of syndicated radio programming including the nation's top three radio talk shows: The Rush Limbaugh Show, The Dr. Laura Schlessinger Show and Dr. Dean Edell. Premiere recently acquired the rights to highly popular overnight talk show host Art Bell. Jacor also owns a satellite distribution service, NSN, which provides bi-directional communications among multiple networks. Jacor plans to pursue growth through continued acquisitions of complementary radio stations in existing broadcast locations, and radio groups or individual stations with significant presence in other attractive locations. Additionally, Jacor plans to grow in other broadcast related products and businesses. Visit www.cfonews.com/jcor/ for more information on Jacor Communications. Ends.