Jacor: Closes Synergy/Dr. Laura Purchase FOR IMMEDIATE RELEASE Contact: Pam Taylor 606.655.6523 JACOR CLOSES SYNERGY/MULTIVERSE BROADCASTING TRANSACTIONS Acquires Dr. Laura Schlessinger Show and Multiverse Networks for $71.5 Million COVINGTON, KY., November 3, 1997: Jacor Communications, Inc. (Nasdaq: JCOR) announced today that it has closed the transactions that bring the rights to the Dr. Laura Schlessinger Show and Multiverse Networks under the Jacor umbrella. The agreement, which Jacor announced earlier, is valued at $71.5 million. Known to millions of Americans simply as "Dr. Laura," Dr. Schlessinger is a phenomenally successful radio talk show host who "preaches, teaches and nags" her listeners on a daily basis from her broadcast studios in Los Angeles. Dr. Laura is one of the top rated and fastest growing talk radio personalities in the nation. Her show currently airs nationally on over 350 radio stations and commands a strong and loyal following among its listeners. Multiverse Networks LLC is one of the top three independent network radio sales organizations in the nation. In addition to Dr. Schlessinger's radio show which Multiverse will continue to represent, the company also markets such other well-known radio programs as The Gary Burbank Show, Country Heartlines with John Crenshaw, and Beyond the Beltway with Bruce DuMont. Jacor is the nation's third largest radio group measured in terms of total revenues. Prior to the recently announced Nationwide Communications acquisition and including announced pending acquisitions, Jacor owns, operates, or represents 172 radio stations in 36 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. ### Ends.