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JACOR COMMUNICATIONS, INC. TO PUBLICLY OFFER FOR SALE 4,750,000 SHARES OF JACOR COMMON STOCK

 CINCINNATI, Oct. 18 /PRNewswire/ -- Jacor Communications, Inc. (NASDAQ: JCOR), Cincinnati, announced that the company proposes to publicly offer for sale 4,750,000 shares of Jacor Common Stock. All shares to be sold will be newly issued by Jacor and all proceeds of the proposed offering will be for the company's benefit.
 Donaldson, Lufkin & Jenrette Securities Corporation and Smith Barney Shearson Inc. will serve as the managing underwriters for the proposed public offering.
 Jacor Communications, Inc., headquartered in Cincinnati, owns and operates 13 radio stations located across the United States in six markets: Atlanta, Denver, Cincinnati, Tampa, Fla., Jacksonville, Fla., and Knoxville, Tenn. The company has local marketing agreements through which it may operate three additional radio stations, one in Atlanta, one in Cincinnati and one in Denver. The company has an agreement to acquire the Denver station upon obtaining approval from the Federal Communications Commission. The company also owns and operates The Georgia Network, a radio news service which provides news, sports and public affairs programming to more than 140 stations.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the "Commission") but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the registration statement may be inspected and copied at prescribed rates at the Public Reference Room of the Commission, 450 Fifth St. NW, Room 1024, Washington, D.C. 20549 or at the Commission's regional office located at Room 1400, 500 West Madison St., Chicago, Ill. 60601 and 7 World Trade Center, New York, N.Y. 10048.
 -0- 10/18/93
 /CONTACT: R. Christopher Weber, of Jacor Communications, Inc., 513-621-1300/
 (JCOR)


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

AR -- CL026 -- 3454 10/18/93 14:10 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
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