Jacor: Raises $542.6 Million in Offerings


Contact:        Pam Taylor
                606.655.6523

                JACOR COMMUNICATIONS, INC. RAISES $542.6 MILLION IN
                         THREE SECURITIES OFFERINGS

Covington, KY, February 9, 1998:  Jacor Communications, Inc. (Nasdaq:  JCOR)
and its wholly owned subsidiary, Jacor Communications Company, today closed
three separate securities offerings for gross proceeds of $542.6 million. 
After underwriter fees, net proceeds totaled $525 million.  Terms of the
closings follow.

1. Common Stock: Jacor Communications, Inc. completed the sale of 5.07 million
shares of common stock to the public.  The total includes an over-allotment
option of 513,000 shares which was exercised in full by the underwriters group.

* Gross proceeds:                       $256.2 million
* Total Shares:                         5,073,000
* Offer price per share:                $50.50
* Net Proceeds:                         $245.0 million

2. 8% Senior Subordinated Notes due 2010:
* Gross Proceeds:                       $119.5 million
* Net Proceeds:                         $117.1 million

Donaldson, Lufkin & Jenrette Securities Corporation acted as lead underwriter
in the preceding offerings.

3. Liquid Yield Option Notes (LYONs) due 2018: Jacor Communications, Inc.
completed the sale of $426.9 million aggregate principal amount at maturity of
Liquid Yield Option Notes ("LYONs").  The total includes an over-allotment
option of $43.3 million in aggregate principal amount at maturity of LYONs,
which was exercised in full by the underwriter. 

* Aggregate Principal Amount at Maturity        $426.9  million
* Gross Proceeds                                $166.9 million
* Net Proceeds                                  $161.9 million
* Yield to Maturity                             4.75% per annum
* Conversion Ratio at holder's option           6.245 Jacor shares per $1,000
                                                    LYON
* Ticker                                        "JCORH"

Merrill Lynch & Co. acted as sole underwriter in the LYONs offering.

For more information on Jacor, visit "www.cfonews.com/jcor/



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