Jacor: Merger Update




For Immediate Release 

Contact: Pam Taylor
         Jacor Communications
         606.655.6523

   CLEAR CHANNEL READY TO CLOSE ITS MERGER  WITH JACOR COMMUNICATIONS

San Antonio, Texas and Covington, Kentucky, April 30, 1999  ...  Lowry Mays,
Chairman and CEO of Clear Channel Communications, Inc. (NYSE: CCU), and Randy
Michaels, CEO of Jacor Communications, Inc. (NASDAQ:JCOR), jointly announced
today that Clear Channel is preparing to close its previously announced merger
with Jacor on May 4, 1999.  The May 4th closing date is contingent upon the
satisfaction of certain conditions and related transactions.  Assuming a May 4,
1999 closing, pursuant to the terms of the Merger Agreement signed by the
Companies on October 8, 1998, each share of Jacor common stock will be
exchanged for approximately 1.15732 shares of Clear Channel common stock.

Additionally, the Companies announced that they had closed a number of
previously announced transactions necessitated by Federal Communications
Commission and Department of Justice concerns.  The following stations were
included in those transactions:

Market/Station(s)       Owner   Buyer   

Louisville, KY
        WDJX-FM         Jacor   Blue Chip Broadcasting, Cincinnati, OH        
        WFIA-AM         Jacor   Blue Chip Broadcasting, Cincinnati, OH        
        WLRS-FM         Jacor   Blue Chip Broadcasting, Cincinnati, OH        
  
Cleveland, OH
        WENZ-FM         CCU     Radio One, Lanham, MD           
        WERE-AM         CCU     Radio One, Lanham, MD                   
        WNCX-FM         CCU     CBS Radio, Inc., New York               
                                
Dayton, OH
        WGTZ-FM         CCU     Blue Chip Broadcasting, Cincinnati, OH        
        WING-AM         CCU     Blue Chip Broadcasting, Cincinnati, OH         
        WING-FM         CCU     Blue Chip Broadcasting, Cincinnati, OH

Tampa, FL
        WRBQ-FM         CCU     CBS Radio, Inc., New York               
        WSJT-FM         CCU     CBS Radio, Inc., New York               
        WRBQ-AM         CCU     ABC Radio, New York             
        WZTM-AM         CCU     Mega Communications, Inc., Englewood, FL     


The Companies expect to close additional associated transactions with Cox
Radio, Inc. and place two stations, WBGB-FM and WZNZ-AM, both serving
Jacksonville, Florida, into trust on May 4.  Additionally, pursuant to the
terms of the initial order of the Federal Communications Commission,  the
Companies expect to place WZAZ-FM and WJGR-AM, also serving Jacksonville, into
FCC trust in the near future.

Mr. Mays said, "We are pleased to be on the verge of closing this transaction,
and appreciate all of the hard work that has gone into bringing us to this
point.  Randy Michaels and his talented team will be a significant asset to
Clear Channel and we welcome them to our family."

Mr. Michaels said,  "We've been waiting to reach this point since last October.
 Combining Clear Channel and Jacor is a win/win for our shareholders, radio
stations, employees, listeners and advertisers.  We're ready to get started."


Jacor is the nation's second largest radio company measured by total stations. 
Including announced pending acquisitions, Jacor now owns, operates or
represents 241 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.

Some of the statements in this news release are forward looking statements that
involve certain risks and uncertainties.  Potential risks and uncertainties
include economic factors, the success of programming strategies, and other
business factors. Investors should review these and other risks and
uncertainties discussed in company documents filed with the Securities and
Exchange Commission.

       Visit our website at www.jacor.com or www.cfonews.com/jcor/ 









Ends.