Chancellor Marketing Group Opens Chicago Field Office.

CHICAGO and DALLAS--(BUSINESS WIRE)--Dec. 23, 1998--Chancellor Marketing Group, the national sales promotion arm of Chancellor Media Corporation (Nasdaq: AMFM), opened a field office in Chicago, it was announced today by Alison Glander, President of the Group and Senior Vice President of Chancellor Media.

Chancellor Marketing Group designs and executes integrated consumer and trade promotions for national and regional companies. Its goal is to create brand-building ideas and marketing solutions, then leverage the power of Chancellor's multimedia platform to execute these programs on a local level.

Ms. Glander commented, "National brands want big promotion ideas executed locally. Our Chicago office is part of a broader strategy to open 25 full-service field offices around the nation to deliver creative, `feet on the street' local execution.

"The operation is staffed with great promotion people and is off to a quick start. Already, the group is working on behalf of Mazda(tm), Armour Swift Eckrich(tm) and Pizza Hut(tm)."

Chancellor Media is one of Chicago's leading radio broadcasters with six stations including WLIT-FM, WNUA-FM, WVAZ-FM, WGCI-FM, WGCI-AM and `The Beat' 103.5-FM. Chancellor Media also owns approximately 3,000 outdoor advertising display faces in the greater Chicago metropolitan area.

Chancellor Media Corporation is a diversified media company consisting of the Chancellor Radio Group, Chancellor Marketing Group, Chancellor Outdoor Group, Katz Media (a leading media representation firm), and the planned Chancellor Television Group. Reflecting announced transactions, Chancellor Radio Group will be the nation's largest radio broadcasting entity with over 465 stations in approximately 105 markets reaching a weekly listener base of over 65 million people. Through the AMFM Radio Network, Chancellor offers syndicated programming nationwide. Internationally, Chancellor has acquired Primedia Broadcast Group, Inc. which owns and operates eight FM radio stations in Puerto Rico. Chancellor Marketing Group is a full service, sales promotion firm developing and integrated marketing programs for Fortune 1000 companies. Chancellor Outdoor Group is the nation's fifth largest outdoor advertising company operating over 36,000 display faces in 37 states. Chancellor's Katz Media is the only full-service media representation firm in the United States serving multiple types of electronic media.

Upon consummation of announced transactions, in addition to radio, outdoor advertising, media representation and marketing operations, Chancellor will have significant television operations. Chancellor Television Group, through ownership and local marketing agreements, will operate 13 network-affiliated television stations in 8 markets.