Jacor: Closes Acquisition of Nationwide





Contact:  Jacor Communications            
          Pam Taylor
          606.655.6523
                          FOR IMMEDIATE RELEASE

                        JACOR CLOSES ACQUISITION OF 
                       NATIONWIDE COMMUNICATIONS INC.

COVINGTON, KY. August 10, 1998: Jacor Communications, Inc. (JCOR: Nasdaq) today
completed its $620 million acquisition of the radio broadcast properties of
Nationwide Communications Inc.  The transaction was announced in October 1997
and has been pending regulatory approval.  Jacor today also completed several
related transactions. They include:

* A multiple station swap with CBS.  Part of this transaction closed today and
the remainder will close when CBS receives a "one-to-a-market" waiver from the
Federal Communications Commission.  The waiver would permit CBS to own radio
stations and a television station in Minneapolis.   CBS is scheduled to receive
two Minneapolis radio stations from Jacor as part of the swap and already
operates a television station in Minneapolis. 

1. Effective today:  
* Jacor received WOCT-FM, Baltimore; KLDZ-FM (f/k/a KUFX-FM), San Jose; KSD-FM
  and KLOU-FM,  St. Louis
* CBS received WHOK-FM, WLVQ-FM and WAZU-FM, Columbus

2. Pending the grant of a "one-to-a-market" waiver:
* Jacor to receive WCAO-AM, Baltimore; KUFX-FM (f/k/a KOME-FM), San Jose
* CBS to receive KSGS-AM and KMJZ-FM, Minneapolis
This transaction is expected to close in the third quarter of 1998.  Time
brokerage agreements for each of the properties became effective today.

* Cleveland - Jacor swapped WKNR-AM to Capstar for WTAE-AM in Pittsburgh
* Columbus - Jacor sold WZAZ-FM to Blue Chip Broadcasting for $10.1 million
* San Diego - Jacor sold KJQY-FM and KKLQ-FM to Heftel Broadcasting Corporation
  for $65.15 million
* Chillicothe, OH - Jacor assigned to Secret Communications its agreement to
  purchase WKKJ-FM from Pearl Broadcasting 


The result of all transactions is a network of stations in new and existing
Jacor markets.  The stations include:   

* Baltimore     WPOC-FM, WCAO-AM, WOCT-FM
* Cleveland     WMMS-FM, WGAR-FM, WMJI-FM 
* Columbus      WCOL-FM, WNCI-FM, WFII-AM
* Dallas        KEGL-FM, KDMX-FM
* Houston       KHMX-FM, KTBZ-FM
* Phoenix       KGLQ-FM, KZZP-FM
* Pittsburgh    WTAE-AM
* St. Louis     KSD-FM, KLOU-FM
* San Diego     KMCG-FM, KXGL-FM
* San Jose      KLDZ-FM, KUFX-FM


Jacor is the nation's third largest radio company measured by total stations. 
Including announced pending acquisitions, Jacor now owns, operates or
represents 204 radio stations in 57 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 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.


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


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