Jacor: Acquires Two Stations in Bismarck, ND Contact: Pam Taylor 606.655.6523 FOR IMMEDIATE RELEASE JACOR TO ENTER BISMARCK, NORTH DAKOTA WITH KFYR-AM and KYYY-FM COVINGTON, KY September 14, 1998: Jacor Communications, Inc. (Nasdaq: JCOR) signed a definitive agreement to purchase KFYR-AM and KYYY-FM in Bismarck, North Dakota from Meyer Broadcasting Company of Bismarck. The $4.8 million cash transaction marks Jacor's initial entry into North Dakota. Media Venture Partners brokered the deal. Judith Ekberg Johnson, President and CEO of Meyer Broadcasting, commented, "Jacor is known for its community oriented services. We're confident that the hardworking and professional employees of KFYR-AM and KYYY-FM will maintain their strong commitment to the Bismarck community with the help and support of Jacor." The transaction is subject to regulatory review. Jacor is the nation's third largest radio company measured by total stations. Including announced pending acquisitions, Jacor now owns, operates or represents 217 radio stations in 61 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 www.cfonews.com/jcor/ for more information on Jacor. Ends.