Jacor: Adds Two Colorado Stations FOR IMMEDIATE RELEASE Contact: Pam Taylor 606.655.6523 JACOR ADDS TWO COLORADO STATIONS COVINGTON, KY February 19, 1998 -- Jacor Communications (Nasdaq: JCOR) today announced it has signed a definitive agreement to acquire all of the stock of Tsunami Communications, Inc. for a purchase price of approximately $0.5 million. In addition, Jacor will be assuming approximately $5.6 million of debt owed by Tsunami to a wholly-owned Jacor subsidiary. Tsunami owns and operates stations KTCL-FM in Fort Collins, Colorado and KIIX-AM in Wellington, Colorado. These stations will be operated pursuant to an LMA until the closing. The transaction 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 195 radio stations in 49 broadcast areas and WKRC-TV in Cincinnati. Additionally, Jacor and its wholly owned subsidiary Premiere Radio Networks combine to form the third largest provider of syndicated radio programming in the country, including the top three radio talk shows: The Rush Limbaugh Show, The Dr. Laura Schlessinger Show and Dr. Dean Edell. Premiere recently signed an agreement to purchase the rights to overnight talk show sensation 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 domestic and international 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.