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PREMIERE RADIO NETWORKS INC. ANNOUNCES 33.5 PERCENT INCREASE IN NET INCOME FOR NINE MONTHS ENDED SEPT. 30, 1992

 PREMIERE RADIO NETWORKS INC. ANNOUNCES 33.5 PERCENT INCREASE
 IN NET INCOME FOR NINE MONTHS ENDED SEPT. 30, 1992
 HOLLYWOOD, Calif., Nov. 9 /PRNewswire/ -- Premiere Radio Networks Inc. (NASDAQ: PRNI) today reported revenues of $7,681,003 for the nine months ended Sept. 30, 1992, as compared to revenues of $6,776,513 for the same period in 1991, an increase of 13.4 percent. Net income for the nine months ended Sept. 30, 1992, was $973,941, an increase of 33.5 percent, or approximately $.38 per share, as compared to net income of $729,376, or $.36 per share for the same period in 1991.
 The company also reported revenues of $3,150,781 for the third quarter ended Sept. 30, 1992, as compared to revenues of $3,170,084, for the same period in 1991. Net income for the third quarter was $421,214, or approximately $.14 per share. Net income for the same period in 1991 was $457,414, or $.23 per share. The significant change in earnings per share is primarily because of the increase in the shares outstanding from 2 million to 3 million.
 Chief Executive Officer Stephen Lehman commented that, "Management believes that the company maximized the market potential for the quarter. While the industry has felt the latent recessionary pressures in the economy, Premiere has outperformed the industry."
 Premiere Radio Networks Inc. is a leading independent creator, producer and distributor of innovative comedy, entertainment and music-related radio programs that reach 98 percent of U.S. households. The company, founded in 1987, has produced 14 syndicated programs and has more than 1,300 independent radio affiliates under contract to distribute programming. These programs are distributed free of charge in exchange for commercial air time during broadcasts. In 1991, the company formed the Premiere Marketing Promotion division, which develops customized promotional campaigns designed to increase sales and distribution. The company is headquartered in Hollywood.
 -0- 11/9/92
 /CONTACT: Harold Wrobel of Premiere Radio Networks, 818-377-5300; or Anne Doremus of Catalyst Communications, 510-838-7127, for Premiere Radio Networks/
 (PRNI) CO: Premiere Radio Networks Inc. ST: California IN: ENT SU: ERN


KJ-LS -- LA010 -- 8533 11/09/92 09:07 EST
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Date:Nov 9, 1992
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