Jacor: Jacor Purchases Stations in Iowa City More news from Jacor Communications... FOR IMMEDIATE RELEASE JACOR TO PURCHASE TWO STATIONS IN IOWA CITY, IOWA Covington, KY., June 30, 1997: Jacor Communications, Inc., (NASDAQ: JCOR) announced today it will add Iowa City, Iowa as the company's 33rd broadcast area when it begins operating KXIC-AM and KKRQ-FM under an LMA on July 1, 1997. Jacor signed an $8 million asset purchase agreement with the stations' sellers, Iowa City Broadcasting, Inc. and Thomas E. Ingstad. With Jacor's Des Moines and Cedar Rapids stations, the addition of Iowa City gives the company three strong broadcast areas in the state. The transaction is subject to regulatory review. Jacor is the nation's third largest radio group measured by total revenues. Including announced pending acquisitions, Jacor owns, operates, or represents approximately 153 radio stations in 33 U.S. broadcast areas. Additionally, Jacor owns several leading content providers including EFM, the syndicator for top radio personality Rush Limbaugh, and Premiere Radio Networks, a Los Angeles based creator of comedy clips, jingles and other programming and research products. Jacor also owns a satellite distribution service, NSN, which provides bi-directional communication among multiple networks. Jacor plans to pursue growth through continued acquisitions of complementary radio stations in its existing broadcast locations, and radio groups or individual stations with significant presence in other attractive locations. Additionally, Jacor will grow in other broadcast-related products and businesses. For further information, contact: Nick Miller 606.655.6525 For more information on Jacor visit us at http://www.cfonews.com/jcor/ End