Jacor: Files $500 Million Omnibus Shelf Reg.

 


Contact:        Pam Taylor              
                606.655.6523


FOR IMMEDIATE RELEASE

        JACOR FILES $500 MILLION OMNIBUS SHELF REGISTRATION

Covington, KY, November 13, 1997: Jacor Communications, Inc. (Nasdaq: JCOR) and
its subsidiary Jacor Communications Company today filed an S-3 shelf
registration with the Securities and Exchange Commission to raise up to $500
million through the sale of debt securities, convertible debt or equity
securities, common stock and/or preferred stock.

Proceeds would be used for general corporate purposes, which may include
working capital, capital expenditures, debt repayment, investments and/or
acquisitions.

Jacor may use underwriters to sell securities under the registration statement,
and terms of any such securities would be included in a supplemental
prospectus.

                                # # # #

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective.  These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective.  This announcement is neither an
offer to sell nor a solicitation of an offer to buy such securities nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration under the
securities laws of such state.  The offering, if any, would be made by
prospectus only.






Ends.