Chancellor Media Names Michael Nasser Director of Sales for Dallas.

DALLAS--(BUSINESS WIRE)--October 26, 1998--

- New Hire Supports Competitive Position in Nation's Sixth

Largest Radio Market -

Chancellor Media Corporation (Nasdaq: AMFM) named Michael K. Nasser to the newly created position of Director of Sales for the Company's radio station holdings in Dallas, it was announced today by George Toulas, Senior Vice President, Regional Operations. Chancellor owns one AM and five FM stations in Dallas including KSKY-AM, KHKS-FM, KZPS-FM, KDGE-FM, KTXQ-FM and KBFB.

A twenty-year radio broadcasting sales veteran, Mr. Nasser joins Chancellor Media from SFX Broadcasting, where he served in various station and sales management capacities, most recently as Station Manager of KKPN-FM in Houston. Between 1989 and 1996 he served first as National Sales Manager, and later as General Sales Manager and Station Manager, of KODA-FM in Houston. In this capacity, he more than doubled national revenue and helped turn the station into the market's top billing property by the end of his seven-year tenure. His early experience includes several sales and sales management positions with Group W Radio and Lin Broadcasting in Houston. He began his professional career in radio as a color commentary announcer for WITY in Danville, Illinois. Mr. Nasser is past President of the Houston Association of Radio Broadcasters.

Mr. Toulas commented, "Dallas is one of the nation's fastest growing radio revenue markets, and Chancellor is committed to increasing its sales presence through a coordinated cluster effort. Together our Dallas station group - led by ratings leader KHKS-FM and fast-improving KZPS-FM - represents a tremendous platform for growth. Having a Director of Sales with Michael's successful track record in national sales and broad experience across a variety of formats will be a valuable asset, and we look forward to his contribution."

Michael Nasser added, "I'm thrilled to be a part of Chancellor and its commitment to top-line growth in Dallas. Jimmy de Castro and George Toulas have assembled an awesome line-up of properties, and I'm eager to get started and take the cluster to its next level of success."

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 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.