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JACOR ANNOUNCES FINANCIAL RESULTS FOR THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 1992

 JACOR ANNOUNCES FINANCIAL RESULTS FOR
 THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 1992
 CINCINNATI, Nov. 13 /PRNewswire/ -- Jacor Communications, Inc. (NASDAQ: JCOR), today reported its financial results for the three months and nine months ended Sept. 30, 1992.
 For the three months ended Sept. 30, 1992, the company had broadcast revenue of $22,561,889, an increase of $2,755,896 over the $19,805,993 for the third quarter of 1991. Advertising revenue generated from the broadcast of professional baseball, together with the increase in local spot advertising offset the quarter-to-quarter decline of nearly $550,000 in national spot advertising. This enabled the company to report the increase in consolidated broadcast revenue. The sports rights fees related to the broadcast of professional baseball accounted for most of the corresponding $2,516,990 increase in broadcast operating expenses over the third quarter of 1991. The company had operating income for the third quarter of 1992 of $2,752,038, a slight increase over the $2,610,864 for the third quarter of 1991.
 In the third quarter of 1992, management determined that there had been a permanent impairment in the carrying value of its investment in certain of its radio properties due to market conditions and a continuing decline in operating income and operating cash flows at those properties during the nine months ended Sept. 30, 1992. Accordingly, based on the results of a recent third-party appraisal, acquisition cost allocated to FCC licenses was reduced by $8,600,000 and charged against income during the third quarter. This non-cash charge affects the quarter-to-quarter comparison of net loss.
 Comparability of net income and loss for both 1991 and 1992 nine- month periods is also affected by this non-cash charge and other non- recurring events. The sale of radio stations WMJI and WYHY in January 1991 resulted in a gain net of income taxes aggregating $11,933,527. This allowed the company to report net income of $3,719,634 for the 1991 period, as compared to a net loss of $21,842,237 for the 1992 period. The 1992 nine-month period, however, includes charges against income of $7,082,263 resulting from the early termination of an interest rate protection agreement and $8,600,000 resulting from the reduction in carrying value of certain assets to their net realizable value. Net loss per common share for the first nine months of 1992 was $(2.38) per common share compared to a net income of $.35 per common share for the same period in 1991.
 Jacor Communications, Inc., headquartered in Cincinnati, Ohio, currently owns 11 radio stations, a cable television system and the Georgia Network. The company's stations are located in Atlanta, Cincinnati, Denver, Jacksonville, Fla., Knoxville, Tenn. and Tampa, Fla.
 JACOR COMMUNICATIONS, INC. AND SUBSIDIARIES
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


For the three months and nine months ended September 30, 1992 and 1991
 (UNAUDITED)
 Three Months Ended
 September 30,
 1992 1991
 Broadcast revenue $22,561,889 $19,805,993
 Less agency commissions 2,507,406 2,260,265
 Net revenue 20,054,483 17,545,728
 Broadcast operating expenses 14,995,922 12,478,932
 Depreciation and amortization 1,581,114 1,804,049
 Corporate general and administrative
 expenses 725,409 651,883
 Operating income 2,752,038 2,610,864
 Interest expense (3,374,079) (4,404,374)
 Gain on sale of radio stations -- --
 Interest rate protection
 agreement termination expense -- --
 Reduction in carrying value of
 assets to net realizable value (8,600,000) --
 Other income, net 44,546 122,784
 Income (loss) before income
 taxes and extraordinary item (9,177,495) (1,670,726)
 Income tax expense -- --
 Income (loss) before
 extraordinary item (9,177,495) (1,670,726)
 Extraordinary item -- --
 Net income (loss) $(9,177,495) $(1,670,726)
 Income (loss) per common share:
 Before extraordinary item $(1.02) $(.19)
 Extraordinary item -- --
 Net income (loss) per common share $(1.02) $(.19)
 Number of common shares used
 in per share computations 9,004,093 9,002,291
 Nine Months Ended
 September 30,
 1992 1991
 Broadcast revenue $58,549,294 $54,323,066
 Less agency commissions 6,501,013 6,256,212
 Net revenue 52,048,281 48,066,854
 Broadcast operating expenses 41,116,395 36,314,913
 Depreciation and amortization 4,973,147 5,354,075
 Corporate general and administrative
 expenses 2,172,042 2,067,778
 Operating income 3,786,697 4,330,088
 Interest expense (10,153,684) (12,683,597)
 Gain on sale of radio stations -- 13,013,527
 Interest rate protection
 agreement termination expense (7,082,263) --
 Reduction in carrying value of
 assets to net realizable value (8,600,000) --
 Other income, net 207,013 139,616
 Income (loss) before income
 taxes and extraordinary item (21,842,237) 4,799,634
 Income tax expense -- (3,600,000)
 Income (loss) before
 extraordinary item (21,842,237) 1,199,634
 Extraordinary item -- 2,520,000
 Net income (loss) $(21,842,237) $3,719,634
 Income (loss) per common share:
 Before extraordinary item $(2.38) $.08
 Extraordinary item -- .27
 Net income (loss) per common share $(2.38) $.35
 Number of common shares used
 in per share computations 9,004,093 9,624,292
 -0- 11/13/92
 /CONTACT: R. Christopher Weber of Jacor Communications, Inc., 513-621-1300/
 (JCOR) CO: Jacor Communications, Inc. ST: Ohio IN: ENT SU: ERN


BM -- CL008 -- 0618 11/13/92 10:58 EST
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Date:Nov 13, 1992
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