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JACOR ANNOUNCES FINANCIAL RESULTS FOR THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1992

 JACOR ANNOUNCES FINANCIAL RESULTS FOR
 THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1992
 CINCINNATI, Aug. 12 /PRNewswire/ -- Jacor Communications, Inc. (NASDAQ: JCOR) reports its financial results for the three months and six months ended June 30, 1992.
 For the three months ended June 30, 1992, the company had broadcast revenue of $21,283,947, an increase of $1,352,140 over the $19,931,806 for the second quarter of 1991. This increase was principally the result of advertising revenue related to the addition of Atlanta Braves baseball broadcasts and, to a lesser extent, a slight increase in local spot advertising. The sports rights fees related to the broadcast of the Braves' games accounted for most of a corresponding $1,308,927 increase in broadcast operating expenses over the second quarter of 1991. The company had operating income of $2,594,846 for the second quarter of 1992, compared to $2,620,557 for the second quarter of 1991.
 Comparability of net income and loss for both 1991 and 1992 six month periods is affected by certain 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 $5,390,360 for the 1991 period, as compared to a net loss of $12,664,742 for the 1992 period. The 1992 six-month period, however, includes a charge against income of $7,082,263 resulting from the early termination of an interest rate protection agreement. Net loss per common share for the first six months of 1992 was $(1.36) per common share compared to a net income of $.52 per common share for the same period in 1991.
 Jacor Communications, Inc., headquartered in Cincinnati, currently owns 11 radio stations, a cable television system and the Georgia Network. 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 and six months ended June 30, 1992 and 1991
 Three Months Ended
 June 30,
 1992 1991
 Broadcast revenue $21,283,947 $19,931,806
 Less agency commissions 2,417,932 2,365,445
 Net revenue 18,866,015 17,566,361
 Broadcast operating expenses 13,887,372 12,578,445
 Depreciation and amortization 1,729,022 1,705,136
 Corporate general and administrative
 expenses 654,775 662,223
 Operating income 2,594,846 2,620,557
 Interest expense (3,582,782) (4,265,767)
 Gain on sale of radio stations -- --
 Interest rate protection
 agreement termination expense -- --
 0ther income, net 51,473 94,306
 Income(loss) before income taxes (936,463) (1,550,904)
 Income taxes -- --
 Net Income (loss) (936,463) (1,550,904)
 Dividend on preferred stock (131,511) (134,187)
 Decrease (increase) in redemption
 value of redeemable common
 stock warrants 263,668 60,632
 Income (loss) applicable
 to common shares $ (804,306) $(1,624,459)
 Net income (loss) per
 common share $(.09) $(.18)
 Number of common shares used
 in per share computations 9,004,093 9,002,126
 Six Months Ended
 June 30,
 1992 1991
 Broadcast revenue $35,987,405 $34,517,073
 Less agency commissions 3,993,607 3,995,947
 Net revenue 31,993,798 30,521,126
 Broadcast operating expenses 26,120,473 23,835,981
 Depreciation and amortization 3,392,033 3,550,026
 Corporate general and administrative
 expenses 1,446,633 1,415,895
 Operating income 1,034,659 1,719,224
 Interest expense (6,779,605) (8,279,223)
 Gain on sale of radio stations -- 13,013,527
 Interest rate protection
 agreement termination expense (7,082,263) --
 0ther income, net 162,467 16,832
 Income(loss) before income taxes (12,664,742) 6,470,360
 Income taxes -- 1,080,000
 Net Income (loss) (12,664,742) 5,390,360
 Dividend on preferred stock (263,022) --
 Decrease (increase) in redemption
 value of redeemable common
 stock warrants 639,806 --
 Income (loss) applicable
 to common shares $ (12,287,958) $ 5,390,360
 Net income (loss) per
 common share $(1.36) $.52
 Number of common shares used
 in per share computations 9,004,093 10,402,968
 -0- 8/12/92
 /CONTACT: R. Christopher Weber of Jacor Communications, Inc., 513-621-1300/
 (JCOR) CO: Jacor Communications, Inc. ST: Ohio IN: ENT SU: ERN


KK -- CL014 -- 6248 08/12/92 14:18 EDT
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