Jacor: To Acquire Phoenix Stations

Contact:  Pam Taylor
          606.655.6523         


                  JACOR TO ACQUIRE PHOENIX LEADERS
                KNIX-FM AND KESZ-FM FOR $142 MILLION

COVINGTON, KY March 17, 1998: Jacor Communications, Inc. (Nasdaq: JCOR) today
signed an asset purchase agreement to acquire KNIX-FM 102.5 and
KESZ-FM 99.9 from Owens Broadcasting and OwensMAC Radio for a total price of
$142 million.

Owens Broadcasting, owned by country singer Buck Owens and his family Michael
Owens, Buddy Owens and Mel Owens, has operated KNIX for over 30 years.  The
station is one of America's heritage country music stations.  KNIX has won
numerous national awards and has led the Phoenix radio market in ratings,
revenue and community service for decades. 

KESZ is owned by OwensMAC Radio, a partnership formed in 1997 between Owens
Broadcasting and MAC America Communication, Inc. both long-time Phoenix
family-owned companies.  MAC America is owned by Delbert and Jewell Lewis and
their children.  In just over a year, under the OwensMAC partnership, KESZ has
become the top-rated station in Phoenix.

Jacor Chief Executive Officer Randy Michaels said, "KNIX and KESZ are first
class radio stations. We're proud to add them to our Phoenix presence."  Jacor
operates KZZP-FM and The Mix, KMXP-FM in Phoenix.

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 240 radio stations along with 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,
syndicating the nation's leading radio talk shows which include The Rush
Limbaugh Show, The Dr. Laura Schlessinger Show, Dr. Dean Edell and Art Bell's
overnight programs, "Dreamland" and "Coast to Coast."  Jacor also owns NSN
Network Services, a satellite systems integration company that provides design,
communications technology and support to establish and maintain global
satellite connectivity to companies worldwide.  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.

On October 8, 1998 Jacor and Clear Channel Communications, Inc. (NYSE: CCU)
announced the signing of a definitive merger agreement for a tax-free,
stock-for-stock transaction.  The transaction is pending.


  Visit www.jacor.com and www.cfonews.com/jcor/ for more information on Jacor





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