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PROSPECTUS/INFORMATION STATEMENT SUPPLEMENT
TO
PROSPECTUS/INFORMATION STATEMENT DATED FEBRUARY 14, 1997
_______________________________________
PROSPECTUS OF JACOR COMMUNICATIONS, INC.
INFORMATION STATEMENT OF REGENT COMMUNICATIONS, INC.
_______________________________________
This Prospectus/Information Statement Supplement is being issued for the
purpose of correcting a mathematical error in the sample calculation of the
Stock Consideration issuable to the Regent Stockholders and SFE, as the sole
stockholder of SRLV, as set forth in the Prospectus/Information Statement
dated February 14, 1997 and first mailed to Regent Stockholders on February
17, 1997. All capitalized terms used herein and not otherwise defined shall
have the meanings attributed to such terms in the Prospectus/Information
Statement.
Accordingly, (a) the third, fourth and fifth sentences of the fifth
paragraph of the cover page of the Prospectus/Information Statement, (b) the
third, fourth and fifth sentences of the last paragraph on page 7 of the
Prospectus/Information Statement, (c) the fourth, fifth and sixth sentences
of the first full paragraph on page 23 of the Prospectus/Information
Statement, and (d) the third, fourth and fifth sentences of the fourth
paragraph of the accompanying letter to Regent Stockholders and holders of
rights to acquire Regent Stock, are hereby deleted and the following is
inserted in place thereof:
"Assuming an Average Value of Jacor Common Stock of $27.90 as of the
Determination Date and without giving effect to any other possible
adjustments required by the Merger Agreement, the holders of Regent Stock
would receive an aggregate of 3,115,843 shares of Jacor Common Stock, cash
of approximately $16.96 million and the Warrant Consideration. For each
share of Regent Stock outstanding as of the Closing Date (assuming all
exercisable options to purchase Regent Stock are exercised), a holder
would receive .75688 share of Jacor Common Stock, $4.11860 in cash and
one Merger Warrant. The sole stockholder of SRLV would receive 434,157
shares of Jacor Common Stock and 480,000 Merger Warrants. In addition,
assuming an Average Value of Jacor Common Stock of $27.90, Regent
expects that the restrictions on paying dividends contained in the KWNR
Letter Agreement would substantially limit or preclude the payment of
dividends on the Regent Preferred Stock. See "PROSPECTUS/INFORMATION
STATEMENT SUMMARY--Market Prices and Dividends.""
In addition, the number "523,458" in each of (a) the second sentence of
the first full paragraph on page 25 of the Prospectus/Information Statement
and (b) the next to last sentence of the fifth full paragraph on page 92 of
the Prospectus/Information Statement, is hereby deleted and the number
"434,157" is inserted in place thereof.
_______________________________________
THE DATE OF THIS PROSPECTUS/INFORMATION STATEMENT SUPPLEMENT IS
FEBRUARY 20, 1997.
