Jacor: Purchases KLOO-A/F in Corvalis, Oregon FOR IMMEDIATE RELEASE Contact: Pam Taylor 606.655.6523 JACOR AGREES TO PURCHASE KLOO-AM & FM IN CORVALIS, OREGON COVINGTON, KY March 19, 1998 -- Jacor Communications (Nasdaq: JCOR) today announced it has signed an agreement to acquire KLOO-AM & FM in Corvalis, Oregon from Oregon Trail Productions, Inc. Media Services Group, Inc. served as broker in the $2.5 million transaction. The transaction is subject to customary 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 198 radio stations in 48 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, syndicating the top three radio talk shows: The Rush Limbaugh Show, The Dr. Laura Schlessinger Show and Dr. Dean Edell. Jacor also owns NSN Network Services, a well-established 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. Visit "www.cfonews.com/jcor/ for more information on Jacor. Ends.