Chancellor Media Broadens Senior Management.

DALLAS--(BUSINESS WIRE)--Oct. 13, 1998--

- Thomas P. McMillin Named Senior Vice President Focusing on

Integration -

- Richard A.B. Gleiner Named General Counsel -

Chancellor Media Corporation (Nasdaq: AMFM) today announced that it has broadened its senior management team with the appointments of Thomas P. McMillin, 37, as Senior Vice President and Richard A.B. Gleiner, 45, as Senior Vice President and General Counsel.

The appointments are effective immediately and support the development and integration of the radio, outdoor and television assets which have positioned Chancellor as a major multimedia company and prominent national advertising platform. Both executives will report directly to Chancellor President and Chief Executive Officer, Jeffrey A. Marcus.

Mr. McMillin will focus his efforts on assisting the senior management team in integration strategies and initiatives, including the integration of Chancellor's 36,000 recently acquired outdoor advertising displays. Prior to joining Chancellor, Mr. McMillin served as Executive Vice President and Chief Financial Officer of Marcus Cable, the nation's ninth largest cable company, where he was directly responsible for overseeing all of the corporate development, finance, accounting, regulatory, planning and information system functions. He joined Marcus Cable in 1994 and over a four year period, together with other members of the senior management team, grew the Company more than five-fold through acquisitions. With a customer base of more than 1.2 million, Marcus Cable was sold earlier this year to Paul G. Allen in a transaction valued at $2.775 billion. Prior to joining Marcus Cable, Mr. McMillin worked for seven years in the cable industry with Crown Media, a subsidiary of Hallmark Cards, Inc., and Cencom Cable Associates in various finance and corporate development positions. Before entering the cable industry, Mr. McMillin served for four years with Arthur Andersen & Co., certified public accountants.

As general counsel, Mr. Gleiner will be responsible for all legal matters at Chancellor Media, including those relating to regulatory issues, corporate transactions and financing. Mr. Gleiner had served as Senior Vice President and General Counsel of Marcus Cable since 1994 where he helped execute the $1 billion acquisition of Sammons Communications, Inc. and the investment by Paul Allen in Marcus. Before joining Marcus Cable, Mr. Gleiner spent over fifteen years in private law practice at Dow, Lownes & Albertson, Mishkin & Gleiner and Nixon, Hargrave, Devans & Doyle with a specialization in acquisitions and finance in the media, cable, radio and television industries, including representing Marcus Cable and its predecessors.

Commenting on the appointments, Jeffrey A. Marcus, President and Chief Executive Officer of Chancellor Media said, "As Chancellor Media progresses toward realizing the benefits of its evolution into a multi-media company, we are delighted to attract proven, world-class executives such as Tom McMillin and Richard Gleiner. Having worked with Tom and Richard, I have experienced first hand their tremendous abilities to build organizations and integrate acquired operations. I am looking forward to them making contributions, as they did at Marcus Cable, to further enhance the value of Chancellor's portfolio of media assets."

Chancellor Media Corporation is a diversified media company to consist of the Chancellor Radio Group, Chancellor Outdoor Group, Chancellor Television Group and Katz Media, a leading media representation firm. 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 agreed to purchase a 50% interest in Mexico's Grupo Radio Centro, Latin America's largest, most successful and most profitable pure-play radio company with six FM and six AM radio stations, and Primedia Broadcast Group, Inc. which owns and operates eight FM radio stations in Puerto Rico.

Upon consummation of announced transactions, in addition to radio, Chancellor will have significant outdoor advertising, television and media representation operations. Chancellor Outdoor Group will be one of the nation's top five outdoor advertising companies operating over 36,000 display faces in 37 states. Chancellor Television Group, through ownership and local marketing agreements, will operate 12 network-affiliated television stations in 8 markets. Chancellor's Katz Media operation, the only full-service media representation firm in the United States serving multiple types of electronic media, will soon add Petry Media Corporation, a leading independent television representation firm.

This news announcement contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Key risks are described in Chancellor's reports filed with the U.S. Securities and Exchange Commission. Readers should note that these statements may be impacted by several factors, including economic changes and changes in the broadcasting industry generally and, accordingly, the Company's actual performance and results may vary from those stated herein and Chancellor undertakes no obligation to update the information contained herein.