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JACOR SELLS 4,750,000 SHARES OF COMMON STOCK

 CINCINNATI, Nov. 17 /PRNewswire/ -- Jacor Communications, Inc. (NASDAQ-NMS: JCOR), announced today its sale to the public of 4,750,000 shares of its common stock. The offering price was $12.00 per share for gross proceeds of $57,000,000. The common stock will trade on The NASDAQ National Market under its current symbol "JCOR".
 Jacor expects that it will use the net proceeds of the offering to finance potential acquisitions of radio groups and/or radio stations and for general corporate purposes. Pending such uses, Jacor will use the net proceeds to repay all of its long-term indebtedness (approximately $41,000,000).
 Donaldson, Lufkin & Jenrette Securities Corporation and Smith Barney Shearson Inc. acted as Managing Underwriters of the offering. The closing of the offering is scheduled to occur on Nov. 23, 1993.
 Jacor is the nation's ninth largest radio group. Jacor owns and operates 13 radio stations located across the United States in six markets: Atlanta; Denver; Cincinnati; Tampa and Jacksonville, Fla.; and Knoxville, Tenn. In addition, Jacor operates three radio stations through local marketing agreements, one in Atlanta, one in Cincinnati and one in Denver. Jacor has an agreement to acquire the Denver station upon FCC approval.
 Copies of the final prospectus will be available through the prospectus department of Donaldson, Lufkin & Jenrette Securities Corporation, 140 Broadway, New York, NY 10005, 212-504-4525.
 -0- 11/17/93
 /CONTACT: R. Christopher Weber of Jacor Communications, 513-621-1300/
 (JCOR)


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

KL -- CL007 -- 5404 11/17/93 11:00 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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