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JACOR ANNOUNCES APPROVAL BY SHAREHOLDERS OF REST?URING PLAN

 CINCINNATI, Jan. 8 /PRNewswire/ -- Jacor Communications, Inc. (NASDAQ: JCOR) announced that the company's common and preferred shareholders voted today to approve the company's restructuring plan.
 With this required approval by the company's shareholders, the company will proceed to complete the transactions to effect the restructuring with Zell/Chilmark Fund L.P. and the company's creditors. It is anticipated that the transactions will be accomplished within a week.
 Jacor Communications, Inc., headquartered in Cincinnati, currently owns 11 radio stations, a cable television system and the Georgia Network. The company also operates 3 additional stations through time brokerage agreements in two of its markets. The company's stations are located in Atlanta, Cincinnati, Denver, Jacksonville, Knoxville and Tampa.
 -0- 1/8/93
 /CONTACT: R. Christopher Weber of Jacor Communications, Inc., 513-621-1300/
 (JCOR)


CO: Jacor Communications, Inc. ST: Ohio IN: ENT SU: RCN

KK -- CL016 -- 3158 01/08/93 16:26 EST
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Publication:PR Newswire
Date:Jan 8, 1993
Words:148
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