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Project
03-19-2006, 01:52 PM
Jacor: Signs agreement for Art Bell and KOPE

FOR IMMEDIATE RELEASE


Jacor Communications, Inc. Signs Binding Agreement to Acquire Art Bell
Syndicator

Chancellor Broadcasting Co., Inc., Talk Radio Network, Inc.,

and KOPE-FM for approximately $9.0 Million

The Acquisition of Art Bell Programs and 17 Talk Radio Network Programs
Expands Jacor's Slate of Syndicated Talk Programming

COVINGTON, Kentucky - January 28, 1998 - Premiere Radio Networks, a wholly
owned subsidiary of Jacor Communications, Inc. (Nasdaq: JCOR) announced today
that it has signed definitive agreements to acquire Chancellor Broadcasting
Co., Inc. and Talk Radio Network, Inc. syndicators of Art Bell's two nationally
renowned network radio programs, "Coast-to-Coast AM" and "Dreamland," and 17
other talk radio programs. In the cash transactions valued at approximately
$9.0 million, Jacor will also acquire radio station KOPE-FM in Medford,
Oregon. Closing of the Art Bell and Talk Radio Network transactions are
anticipated within the next month while the radio station acquisition is
subject to customary closing conditions, including FCC approval.

Art Bell's two programs are broadcast on approximately 400 radio stations in
the U.S. and Canada, including top radio markets such as New York, Los Angeles
and Chicago. Millions of late and overnight listeners "tune-in" to Art Bell's
two programs on a daily basis. Bell's "Coast-to-Coast AM" program is broadcast
live Mondays through Fridays from 10:00 p.m. to 3:00 a.m. PST, and is
rebroadcast by many of the same radio station affiliates at varying times on
Saturdays and Sundays. Bell's "Dreamland" program is broadcast live three
Sundays per month from 6:00 p.m. to 9:00 a.m. PST, and is rebroadcast
approximately one Sunday each month.

Art Bell's two programs provide a forum for listeners to voice their views on
nearly any topic. Alan Corbeth, President of Chancellor Broadcasting commented
that, "Everything on Art's shows is fair game, from politics to aliens and
UFOs, from gun control to near death experiences, and on and on. Art's shows
are among the most interesting, diverse and informative shows across the
country today." Bell is also the author of two books, "The Art of Talk" and
"The Quickening," the latter of which was on The New York Times best
seller list. Mr. Corbeth will continue with Jacor as a Vice President of
Premiere Radio Networks.

Formed in 1993, Talk Radio Network has rapidly grown into a syndicator of 17
radio programs, including "The Roger Fredinburg Show" and "The Dave Dawson
Show." Talk Radio Network's programs are broadcast nationally by more than 300
radio stations.

Jacor subsidiary Premiere Radio Networks, the number one syndicator of talk
programming and high profile talk radio talents such as Rush Limbaugh and Dr.
Laura Schlessinger, will add Art Bell's shows and the Talk Radio Network shows
to its syndication platform. In addition, Jacor and Premiere also syndicate
such nationally known radio personalities as Dr. Dean Edell, Leeza Gibbons,
Michael Reagan and Jim Rome, in addition to its wide array of program
mini-features, research services, production music libraries and jingles
services. More than 4,000 radio stations utilize one or more of
Jacor and Premiere's syndicated programs and services.

In commenting on the move to Premiere, Mr. Bell stated, "I am excited about
the opportunities this acquisition will have for the continued success of my
two programs,`Coast-to Coast AM' and `Dreamland.' It has been greatly
rewarding to watch my shows blossom from literally a handful of radio stations
to almost 400 today. I am extremely thankful for having the opportunity to
experience the spectacular growth of my shows while participating in a career I
deeply enjoy."

Randy Michaels, Jacor Chief Executive Officer commented that "I have long been
a fan of Art's `Coast-to-Coast' show. His highly-rated programs are a perfect
fit with Jacor's strategy to acquire and develop high quality, hard to
duplicate programming. Combined with Rush, Dr. Laura, and Dr. Dean Edell we
now have the four hottest radio talk shows in America. Art's programs clobber
the competition in the late and overnight time slots."

Steve Lehman, President and Chief Executive Officer of Premiere, stated:
"Premiere shares Randy's excitement in welcoming Art to the Jacor/Premiere
family. The acquisition is an excellent strategic fit in both programming and
in the continued leveraging of Premiere's sales infrastructure. More and more
listeners are tuning in to late and overnight radio. Our acquisition of After
MidNite Entertainment approximately one year ago was only the first step in our
strategy to reach this growing base of radio listeners."

Jacor Communications, Inc. is the nation's second largest radio station group
measured in terms of total stations. Including the recently announced
Nationwide Communications acquisition and including other announced or pending
acquisitions, Jacor owns, operates,or represents 186 radio stations in 48 U.S.
broadcast areas, and one television station.

Ends.

Topper
03-19-2006, 03:31 PM
This is wonderful news, I'm so pleased to be reading this.

Those have to be the coolist call letters in the land... KOPE

Alpha
03-19-2006, 04:09 PM
Project, just wondering if there's more to this or if I'm not getting something.....this article is from 1998/9.....

I'm assuming this is just part of the history of what happened to Coast with Art or is there more significance to this in the current? :thinking: :thinking:

Project
03-19-2006, 04:40 PM
Just found it in my archives, thought it was a blast from the past... should have elucidated.