Jacor: Sells WZAZ-FM to Blue Chip 


FOR IMMEDIATE RELEASE           

Contact:  Pam Taylor
          606.655.6523
                
          Ross Love
          President/CEO, Blue Chip Broadcasting
          513.679.6006

                        JACOR SELLS COLUMBUS WZAZ-FM
                TO BLUE CHIP BROADCASTING, LTD FOR $10.1 MILLION
 

COVINGTON, KY May 28, 1998: Jacor Communications, Inc. (Nasdaq: JCOR) has
signed a definitive agreement to sell WZAZ-FM to Blue Chip Broadcasting, LTD of
Cincinnati, Ohio.  The $10.1 million cash transaction is another step in
Jacor's realignment of its Columbus radio station group in order to finalize
the pending purchase of Nationwide Communications, Inc.  

In October 1997 Jacor announced it had signed a letter of intent to purchase
Nationwide's entire station portfolio for $620 million.  Nationwide operates 17
stations in 9 broadcast areas, including three stations in Columbus, Ohio where
Jacor already operates six stations. 

The transaction is subject to regulatory review and several conditions
including but not limited to Jacor's closing of the Nationwide transaction.

The Crisler Company acted as an agent in the transaction.

Blue Chip Broadcasting is one of the largest African-American owned radio
operators in the country.  The company owns WCKX-FM and WMXG-FM, the major
Urban stations in the Columbus market.  In addition the Blue Chip roster
includes the leading Urban stations in the Cincinnati, Ohio and Louisville,
Kentucky markets.

Jacor is the nation's second largest radio company measured by total stations. 
Including announced pending acquisitions, Jacor now owns, operates or
represents 203 radio stations in 55 broadcast areas and WKRC-TV in Cincinnati. 
Additionally, Jacor's wholly owned subsidiary Premiere Radio Networks is the
country's third largest provider of syndicated radio programming including the
nation's top rated radio talk shows:  The Rush Limbaugh Show, The Dr. Laura
Schlessinger Show, Dr. Dean Edell and 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 domestic and
international locations.  Additionally, Jacor plans to grow in other broadcast
related products and businesses.

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


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