<PAGE> 1
Filed pursuant to Rule 424(b)(3)
Registration No. 333-36855
PROSPECTUS SUPPLEMENT NO. 4
(TO THE PROSPECTUS DATED OCTOBER 16, 1997)
5,990,000 SHARES
CHANCELLOR MEDIA CORPORATION
(FORMERLY KNOWN AS EVERGREEN MEDIA CORPORATION)
$3.00 CONVERTIBLE EXCHANGEABLE PREFERRED STOCK
LIQUIDATION PREFERENCE $50 PER SHARE
---------------------
This Prospectus Supplement No. 4 supplements and amends the Prospectus
dated October 16, 1997 (the "Prospectus"), the Prospectus Supplement, dated
November 20, 1997, the Prospectus Supplement No. 2, dated December 8, 1997 and
the Prospectus Supplement No. 3, dated February 13, 1998 relating to the resale
of shares of the $3.00 Convertible Exchangeable Preferred Stock, par value $.01
per share (the "$3.00 Convertible Preferred Stock"), of Chancellor Media
Corporation, a Delaware corporation formerly known as Evergreen Media
Corporation ("Chancellor Media"), the 6% Convertible Subordinated Exchange
Debentures due 2012 (the "Exchange Debentures") issuable upon exchange of the
$3.00 Convertible Preferred Stock, and the shares of the Common Stock, par value
$.01 per share (the "Common Stock" and, together with the $3.00 Convertible
Preferred Stock and the Exchange Debentures, the "Securities"), of Chancellor
Media issuable upon conversion of the $3.00 Convertible Preferred Stock or the
Exchange Debentures.
The table on pages 65 through 67 of the Prospectus, which sets forth
information with respect to the Selling Holders (as defined in the Prospectus)
and the respective shares of $3.00 Convertible Preferred Stock or Common Stock
issuable upon conversion of the $3.00 Convertible Preferred Stock or Exchange
Debentures beneficially owned by each Selling Holder that may be offered
pursuant to the Prospectus (the "Selling Holder Table"), is hereby amended to
delete the word "Incomvestible" on page two of Prospectus Supplement No. 3 and
to amend the following line to read as follows:
<TABLE>
<CAPTION>
SHARES OF COMMON STOCK
ISSUABLE UPON CONVERSION OF
$3.00 CONVERTIBLE PREFERRED
NUMBER OF SHARES OF $3.00 STOCK OR EXCHANGE
SELLING HOLDERS CONVERTIBLE PREFERRED STOCK DEBENTURES
--------------- --------------------------- ---------------------------
<S> <C> <C>
Any other holder of $3.00 Convertible Preferred
Stock or future transferee of such holder..... 897,080 897,080
</TABLE>
[continued on next page]
PROSPECTIVE INVESTORS SHOULD CAREFULLY CONSIDER THE MATTERS DISCUSSED UNDER
THE CAPTION "RISK FACTORS" BEGINNING ON PAGE 6 OF THE PROSPECTUS.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
---------------------
The date of this Prospectus Supplement No. 4 is April 29, 1998
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[continued from previous page]
The following new line items are added to the Selling Holder Table:
<TABLE>
<CAPTION>
SHARES OF
COMMON STOCK
ISSUABLE UPON
CONVERSION OF
$3.00
NUMBER OF CONVERTIBLE
SHARES OF $3.00 PREFERRED STOCK
CONVERTIBLE OR EXCHANGE
SELLING HOLDERS PREFERRED STOCK DEBENTURES
--------------- --------------- ---------------
<S> <C> <C>
United National Insurance Company........................... 1,675 1,675
Delaware Group Premium Fund, Inc., Convertible Securities
Series.................................................... 1,500 1,500
Delaware Group Equity Funds V, Inc. Retirement Income Fund
Series.................................................... 1,500 1,500
Toronto Dominion (New York), Inc.(1)........................ 28,000 28,000
Commonwealth Life Insurance Company (Teamsters -- Camden
Non-Enhanced)............................................. 27,000 27,000
Commonwealth Life Insurance Company -- Stock Trac (Teamsters
I)........................................................ 13,000 13,000
BT Alex. Brown.............................................. 468,000 468,000
Merrill Lynch Pierce Fenner and Smith Inc. ................. 12,000 12,000
</TABLE>
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(1) One or more affiliates of Selling Holder have provided a variety of
commercial banking, investment banking and financial advisory services to
the Company and CMCLA (as defined in the Prospectus), and expect to continue
to provide such services to the Company and CMCLA in the future. By
disclosing this information, the Selling Holder does not concede that the
provision of such services necessarily constitutes a material relationship
that must be disclosed in the Prospectus.
The Prospectus, together with this Prospectus Supplement No. 4 and the
other prospectus supplements mentioned above, constitutes the prospectus
required to be delivered by Section 5(b) of the Securities Act of 1933, as
amended, with respect to offers and sales of the Preferred stock and the Common
Stock issuable upon conversion of the Preferred Stock. All references in the
Prospectus to "this Prospectus" are hereby amended to read "this Prospectus (as
supplemented and amended)."
