Jacor: To Swap Stations with Capstar




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FOR IMMEDIATE RELEASE

Contact:  Pam Taylor
          606.655.6523



                                JACOR AND CAPSTAR
                TO SWAP STATIONS IN CLEVELAND AND PITTSBURGH


COVINGTON, KY June 9, 1998: Jacor Communications, Inc. (Nasdaq: JCOR) and
Capstar Broadcasting Corporation (NYSE: CRB) have signed a letter of intent to
swap radio stations in a tax free like kind exchange.  In the swap, Jacor will
receive Capstar's WTAE-AM in Pittsburgh, Pennsylvania in exchange for its
Cleveland, Ohio station WKNR-AM. 

The swap moves Jacor closer to finalizing its pending acquisition of Nationwide
Communications, Inc.  The station exchange 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 204 radio stations in 56 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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