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JACOR ANNOUNCES RECORD DATE FOR RIGHTS OFFERING

 CINCINNATI, April 9 /PRNewswire/ -- Jacor Communications, Inc. (OTC Bulletin Board - JCORA) announced today that the record date will be May 7, 1993, for the rights offering to all shareholders other than Zell/Chilmark Fund L.P. to purchase additional shares of Jacor common stock.
 As part of the previously announced refinancing of its senior bank debt completed in March 1993, the company issued 3,484,321 shares of its non-voting Class B common stock at $5.74 per share in a private placement to Zell/Chilmark. The purpose of the rights offering is to provide the company's other shareholders the opportunity to preserve their proportionate interest in the common stock of the company as if this most recent investment by Zell/Chilmark occurred as part of a simultaneous pro rata offering of common stock to all shareholders of the company.
 All shareholders of record on May 7, 1993, (other than Zell/Chilmark) will have the nontransferable right to purchase, at the same $5.74 per share, approximately 0.42 of a share of the company's common stock for each share held on the record date. Any shares not purchased upon exercise of rights will be made available to all shareholders who exercise their rights in full. Zell/Chilmark will purchase all shares represented by any rights which remain unexercised after this oversubscription process.
 It is anticipated that the rights offering will commence during the second quarter of 1993 and will extend until the earlier of 20 days following commencement of the offering and July 6, 1993. The record date may be changed by the company to a later date if necessary to comply with applicable law.
 The rights offering will be made only by means of a prospectus.
 -0- 4/9/93
 /CONTACT: R. Christopher Weber of Jacor Communications, Inc. 513-621-1300/
 (JCORA)


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

DA -- CL005 -- 4567 04/09/93 14:12 EDT
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Publication:PR Newswire
Date:Apr 9, 1993
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