Jacor: Other News Release

 

Clear Channel Communications, Inc.


Clear Channel Communications, Inc.              
Houston Lane, VP - Finance                                              
210.822.2828

Jacor Communications, Inc.
Pam Taylor, SVP, Communications
606.655.6523

                MERGER UPDATE: CLEAR CHANNEL AND JACOR


San Antonio, TX and Covington, KY, November 18, 1998:  Clear Channel
Communications, Inc. (NYSE: CCU) and Jacor Communications, Inc. (Nasdaq: JCOR)
announced today the proposed divestiture of 20 radio stations in five markets. 
The proposed divestitures are an important step in completing the merger of the
two companies announced early last month.

 At this time the stations proposed to be divested include the following:

 
Broadcast Area                  Station         Owner

Cleveland, OH   (3)             WNCX-FM         CCU                           
 
                                WENZ-FM         CCU
                                WERE-AM         CCU

Jacksonville, FL (2)            WBGB-FM         CCU
                                WZNZ-AM         CCU

Dayton, OH (3)                  WING-FM         CCU
                                WGTZ-FM         CCU
                                WING-AM         CCU

Louisville, KY (5)              WFIA-AM         JCOR
                                WVEZ-FM         JCOR    
                                WLRS-FM         JCOR
                                WDJX-FM         JCOR
                                WSFR-FM         JCOR

Tampa/St. Petersburg, FL (7)    
                                WRBQ-FM         CCU
                                WRBQ-AM         CCU
                                WZTM-AM         CCU             
                                WSJT-FM         CCU
                                WHPT-FM         CCU
                                WILV-FM         CCU
                                WDUV-FM         JCOR                    
                        

Upon completion of the merger, the combined entity will be the country's second
largest radio company in terms of radio stations and third largest ranked by
total radio revenue as well as the world's largest out-of-home advertising
company. Based on ownership as of October 7, 1998 and assuming the completion
of the proposed divestitures the combined company will own, have under contract
to own, program or sell airtime for 432 radio stations in 95 domestic markets,
21 television stations in 13 domestic markets, and 274,130 outdoor advertising
display faces.

Completion of the merger is subject to customary closing conditions including
regulatory approvals and stockholder approvals by both companies' shareholders.
 Clear Channel and Jacor expect to close the merger by September 30, 1999. It
is anticipated that the merger will be immediately accretive to Clear Channel's
after tax cash flow.

Some of the statements in this news release are forward looking statements that
involve certain risks and uncertainties.  Potential risks and uncertainties
include economic factors, the success of programming strategies, and other
business factors. The proposed divestiture list is subject to further review
and, as such, may change prior to closing.  Investors should review these and
other risks and uncertainties discussed in company documents filed with the
Securities and Exchange Commission.



    Visit www.clearchannel.com, www.jacor.com or www.cfonews.com for more
             information on Clear Channel or Jacor Communications.


                                        ###



Ends.