Jacor: CLOSES $1.15 BIL CREDIT AGREEMENT








Contact:  Pam Taylor
          606.655.6523

FOR IMMEDIATE RELEASE



               JACOR CLOSES NEW $1.15 BILLION BANK CREDIT AGREEMENT

COVINGTON, KY., September 18, 1997:  Jacor Communications, Inc. (JCOR:Nasdaq)
announced today that its wholly owned subsidiary, Jacor Communications Company,
completed a new $1.15 billion senior credit facility with a syndicate of 40
domestic and international financial institutions.  The credit agreement
replaces a $750 million facility, giving the Covington radio company an
additional $400 million in borrowing capacity.  The senior bank agreement
consists of a $750 million revolving line of credit and $400 million in a
reducing balance term loan.  Interest rate pricing on the new facility has been
reduced to reflect Jacor's improved capitalization and current market terms. 
The new agreement allows for subsequent step downs in rate as Jacor's
performance continues to strengthen.

Co-managing the deal were The Chase Manhattan Bank as Lead Agent, Banque
Paribas as Documentation Agent, and Bank of America Illinois as Syndication
Agent.

Jacor is the nation's third largest radio group measured by total revenues. 
Including announced pending acquisitions, Jacor now owns, operates, or
represents 164 radio stations in 35 U.S. broadcast areas, and WKRC-TV in
Cincinnati.  Additionally, Jacor is the country's third largest provider of
syndicated radio programming through Radio-Active Media (formerly EFM), the
syndicator for top radio personalities Rush Limbaugh and Dr. Dean Edell, and
Premiere Radio Networks, the Los Angeles based syndicator of The Dr. Laura
Schlessinger Show and 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 has plans to grow in other broadcast-related products and
businesses.

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



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