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JACOR ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER ENDED MARCH 31, 1993

 CINCINNATI, May 26 /PRNewswire/ -- Jacor Communications, Inc. (OTC Bulletin Board: JCOR), today reported its financial results for the first quarter ended March 31, 1993.
 For the three months ended March 31, 1993, the company had broadcast revenue of $16,898,228, a 15.8 percent increase over the $14,703,458 for the first quarter of 1992. This increase resulted from improved local and national spot advertising and, to a lesser extent, from the revenue generated at those stations which were time brokered by the company during the first quarter of 1993 but not during the comparable 1992 period. The company incurred increased operating expenses related to the stations which were time brokered by the company and also increased expenditures for programming costs and selling and other payroll related costs at the company's other stations. These costs led to an increase of 12.8 percent in broadcast operating expenses over the first quarter of 1992. The company experienced increases during the first quarter of 1993 in depreciation and amortization as a result of accounting for the company's recently completed restructuring using the push-down method of accounting. As a result, the company experienced an operating loss for the first quarter of 1993 of $1,723,332, compared to a loss of $1,560,187 for the first quarter of 1992.
 Comparability of net loss for both 1992 and 1993 first quarter periods is affected by certain unusual events. The 1992 three-month period includes a charge against income of $7,082,263 caused by the early termination of an interest rate protection agreement. This resulted in the reporting of a net loss of $11,728,279 for the 1992 period, as compared to a net loss of $1,067,101 for the 1993 period. The 1993 three-month period reflects a significant decrease in interest expense as a result of both the restructuring in January 1993 and the refinancing in March 1993 and the recognition of a tax benefit on the interim operating loss based on the estimated annual effective tax rate.
 Jacor Communications, Inc., headquartered in Cincinnati, currently owns 11 radio stations, a cable television system, and the Georgia Network. The company also operates three 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.
 JACOR COMMUNICATIONS, INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF OPERATIONS
 For the three months ended March 31, 1993 and 1992
 1993 1992
 Broadcast revenue $ 16,898,228 $ 14,703,458
 Less agency commissions 1,815,394 1,575,675
 Net revenue 15,082,834 13,127,783
 Broadcast operating expenses 13,775,577 12,233,101
 Depreciation and amortization 2,244,396 1,663,011
 Corporate general and
 administrative expenses 786,193 791,858
 Operating loss (1,723,332) (1,560,187)
 Interest expense (1,128,265) (3,196,823)
 Interest rate protection agreement
 termination expense --- (7,082,263)
 Other income, net 43,496 110,994
 Loss before income taxes (2,808,101) (11,728,279)
 Income tax (expense) benefit 1,741,000 ---
 Net loss (1,067,101) (11,728,279)
 Preferred stock dividend --- (131,511)
 Change in redemption value of
 redeemable common stock warrants --- 376,138
 Income (loss) applicable
 to common shares $ (1,067,101) $(11,483,652)
 Net income (loss) per
 common share $(0.10) $(30.11)
 Number of common shares used in
 per share computations 10,221,111 381,429
 -0- 5/26/93
 /CONTACT: R. Christopher Weber of Jacor Communications, Inc., 513-621-1300/
 (JCOR)


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

BM -- CL016 -- 2530 05/26/93 14:31 EDT
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Date:May 26, 1993
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