SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SFX Broadcasting, Inc.
(Name of Issuer)
Class A Common Stock (par value $0.01 per share)
(Title of Class of Securities)
784174104
(CUSIP Number)
Paul A. Merolla, Esq.
Goldman, Sachs & Co.
85 Broad Street
New York, New York 10004
(212) 902-1000
(Name, address and telephone number of person authorized
to receive notices and communications)
August 25, 1997
(Date of Event which requires Filing of this Statement)
If a filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box [ ].
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
<PAGE>
- --------------------
CUSIP NO. 784174104
- --------------------
- ------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Goldman, Sachs & Co.
- ------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------
4. SOURCE OF FUNDS
See Item 3.
- ------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
[X]
- ------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 535,304
EACH ----------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10. SHARED DISPOSITIVE POWER
535,304
- ------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
535,304
- ------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
- ------------------------------------------------------------
14. TYPE OF REPORTING PERSON
BD-PN-IA
- ------------------------------------------------------------
<PAGE>
- --------------------
CUSIP NO. 784174104
- --------------------
- ------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Goldman Sachs Group, L.P.
- ------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------
4. SOURCE OF FUNDS
See Item 3.
- ------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
[ ]
- ------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 575,304
EACH ----------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10. SHARED DISPOSITIVE POWER
575,304
- ------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
575,304
- ------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7%
- ------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC-PN
- ------------------------------------------------------------
<PAGE>
SCHEDULE 13D
RELATING TO THE COMMON STOCK OF
SFX BROADCASTING, INC.
Item 1. Security and Issuer.
This Statement on Schedule 13D relates to the Class A Common Stock, par
value $.01 per share (the "Common Stock"), of SFX Broadcasting, Inc., a Delaware
corporation (the "Company").
The principal executive offices of the Company are located at 150 East
58th Street, 19th Floor, New York, New York 10155.
Item 2. Identity and Background.
This Statement is being filed by Goldman, Sachs & Co. ("GS") and The
Goldman Sachs Group, L.P. ("GS Group", and together with GS, the "Filing
Persons")1.
As of August 25, 1997, GS Group may be deemed to indirectly
beneficially own an aggregate of 575,304 shares of Common Stock.2 As of August
25 , 1997, GS, and GS Group indirectly, may be deemed to have owned beneficially
(i) an aggregate of 132,954 shares of Common Stock obtainable upon conversion of
121,010 shares of 6-1/2% Series D Cumulative Convertible Exchangeable Preferred
Stock (the "Preferred Stock") held through investment accounts, and (ii) 23,050
shares of Common Stock held in client accounts with respect to which GS or
employees of GS have voting or investment discretion, or both ("Managed
Accounts"). GS and GS Group each disclaim beneficial ownership of the shares of
Common Stock held in Managed Accounts.
GS, a New York limited partnership, is an investment banking firm and a
member of the New York Stock Exchange, Inc. and other national exchanges. GS
Group, one of the general partners of GS, owns a 99% interest in GS. GS Group is
a Delaware limited partnership and holding partnership that engages (directly
and indirectly through subsidiaries or affiliated companies or both) in the
business of buying and selling securities, both foreign and domestic, and in
making investments on behalf of its partners.
- --------
1 Neither the present filing nor anything contained herein shall be
construed as an admission that any Filing Person constitutes a
"person" for any purposes other than Section 13(d) of the Securities
Exchange Act of 1934 or that the Filing Persons constitute a "group"
for any purpose.
2 Certain shares of Common Stock indirectly beneficially owned by GS
Group are held by partnerships indirectly controlled by GS Group. Each
partnership beneficially owned less than 1% of the outstanding shares
of Common Stock.
<PAGE>
The other general partner of GS is The Goldman, Sachs & Co. L.L.C., a
Delaware limited liability company ("GS L.L.C."), which is wholly-owned by GS
Group and The Goldman Sachs Corporation, a Delaware corporation ("GS Corp."). GS
Corp. is the sole general partner of GS Group. The principal business and office
address of each Filing Person, GS L.L.C. and GS Corp., is 85 Broad Street, New
York, NY 10004.
The name, business address, present principal occupation or employment
and citizenship of each director and of each member of the Executive Committee
of GS Corp. and GS L.L.C. and of each member of the Executive Committee of GS
Group and GS are set forth in Schedule I hereto and are incorporated herein by
reference.
During the last five years, none of the Filing Persons, or, to the
knowledge of each of the Filing Persons, any of the persons listed on Schedule I
hereto, (i) has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) except as set forth in Schedule II
to this Schedule 13D, has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws, or finding any violation with respect to such laws
Item 3. Source and Amount of Funds or Other Consideration.
As of August 25, 1997, GS held 512,254 shares of Common Stock
(including 132,954 shares of Common Stock obtainable upon the conversion of the
Preferred Stock) through various investment accounts, and 23,050 shares of
Common Stock for Managed Accounts. GS purchased these shares of Common Stock in
the ordinary course of its business. All such transactions that were effected
during the past 60 days are set forth on Schedule III hereto and were effected
in the over-the-counter market. The aggregate consideration for the purchases
listed on Schedule III was $109,898,097.23. GS purchased the Preferred Stock in
the ordinary course of its business. The amount of funds used by GS to purchase
the Preferred Stock was $9,132,512.50.
As of August 25, 1997, GS Group may be deemed to beneficially own
575,304 shares of Common Stock, including the 535,304 shares of Common Stock
that may be deemed to be beneficially owned by Goldman, Sachs & Co. The funds
for 40,000 shares came from capital contributions and other funds from
partnerships which GS Group indirectly controls.
The funds used to purchase the shares of Common Stock for investment
accounts of GS was working capital. The funds used to purchase shares of Common
Stock for the Managed Accounts came from client funds.
None of the persons listed on Schedule I hereto has contributed any
funds or other consideration towards the purchase of the securities of the
Company, except
<PAGE>
insofar as they may be general or limited partners of the partnersips controlled
by GS Group and made capital contributions to such partnerships.
Item 4. Purpose of the Transaction.
The shares of Common Stock were acquired by the Filing Persons for
investment purposes. As of the date of this statement, none of the Filing
Persons has any plan or proposal which relates to or would result in any of the
actions set forth in parts (a) through (j) of Item 4 of Schedule 13D.
Each Filing Person expects to evaluate on an ongoing basis the
Company's financial condition, business operations and prospects, the status of
any business combination involving the Company, the market price of the Common
Stock and the Preferred Stock, conditions in the securities markets generally,
general economic and industry conditions and other factors. Accordingly, each
Filing Person reserves the right to change its plans and intentions at any time,
as it deems appropriate. In particular, each Filing Person may at any time and
from time to time acquire additional shares of Common Stock, Preferred Stock or
other securities convertible or exchangeable for Common Stock in public or
private transactions; dispose of shares of Common Stock or other securities in
public or private transactions; and/or enter into privately negotiated
derivative transactions with institutional counterparties to hedge the market
risk of some or all of its positions in the Common Stock, Preferred Stock or
other securities. Any such transactions may be effected at any time and from
time to time. To the knowledge of each Filing Person, each of the persons listed
on Schedules hereto may make the same evaluation and may
reserve the same rights.
Item 5. Interest in Securities of the Issuer.
(a) As of August 25, 1997, GS (a) beneficially owned an aggregate of
379,300 shares of Common Stock held through various investment accounts and (b)
may be deemed to have beneficially owned an aggregate of 156,004 shares of
Common Stock, including (i) the 132,954 shares of Common Stock obtainable upon
conversion of the Preferred Stock and (ii) the 23,050 shares of Common Stock
held in Managed Accounts, representing in the aggregate approximately 6.3% of
the Common Stock reported to be outstanding as of August 4, 1997 (as reported in
the Company's Form 10-Q for the quarter ended June 30, 1997 (the "Company's
10-Q")).
As of August 25, 1997, GS Group may be deemed to have beneficially
owned an aggregate of 575,304 shares of Common Stock, including (i) the 379,300
shares of Common Stock beneficially owned by GS and held through various
investment accounts, (ii) the 132,954 shares of Common Stock obtainable upon
conversion of the Preferred Stock and (iii) the 23,050 shares of Common Stock
held in Managed Accounts, representing in the aggregate approximately 6.7% of
the shares of
<PAGE>
Common Stock reported to be outstanding as of August 4, 1997 (as reported in the
Company's 10-Q).1
GS Group and GS each disclaim beneficial ownership of the shares of
Common Stock held in Managed Accounts.
None of the Filing Persons beneficially owns any shares of Common Stock
as of August 25, 1997.
(b) Each Filing Person shares the power to vote or direct the vote and
to dispose or direct the disposition of shares of Common Stock beneficially
owned by such Filing Person as indicated in the second and third pages of this
filing.
(c) Except as set forth in Schedule III no transactions in the Common
Stock were effected by the Filing Persons or, to their knowledge, any of the
persons listed on Schedule I hereto, during the past 60 days. Schedule III sets
forth transactions in the Common Stock which have been effected by GS during the
period from June 26, 1997 through August 25, 1997. The purchases by GS set forth
on Schedule III were made in the ordinary course of business either for GS' own
benefit or for the benefit of the Managed Accounts. All of these transactions
were effected in the over-the-counter market.
(d) No other person is known by any Filing Person to have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any shares of Common Stock beneficially owned by any Filing
Person.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Except as described in this Sceduule 13D, none of the Filing Persons
and, to the knowledge of the Filing Persons, the persons listed on Schedule I
hereto is a party to any contract, arrangement, understanding or relationship
with respect to any securities of the Company.
Item 7. Material to be filed as Exhibits.
(1) Joint Filing Agreement
- --------
1 GS Group also indirectly owned 40,000 shares of Common Stock held by
partnerships indirectly controlled by GS Group.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: September 4, 1997
GOLDMAN, SACHS & CO.
By: /s/ Gregory K. Palm
Name: Gregory K. Palm
Title: Managing Director
THE GOLDMAN SACHS GROUP, L.P.
By: The Goldman Sachs Corporation,
its general partner
By: /s/ Gregory K. Palm
Name: Gregory K. Palm
Title: Executive Vice President
<PAGE>
SCHEDULE I
The name of each director and of each member of the executive committee
of The Goldman Sachs Corporation and The Goldman, Sachs & Co. L.L.C. and of each
member of the executive committee of The Goldman Sachs Group, L.P. and Goldman,
Sachs & Co. is set forth below.
The business address of each person listed below except John A. Thain
and John L. Thornton is 85 Broad Street, New York, NY 10004. The business
address of John A. Thain and John L. Thornton is 133 Fleet Street, London EC4A
2BB, England. Each person is a citizen of the United States of America. The
present principal occupation or employment of each of the listed persons is as a
managing director of Goldman, Sachs & Co. or another Goldman Sachs operating
entity and as a member of the executive committee.
Jon Z. Corzine
Henry M. Paulson, Jr.
Roy J. Zuckerberg
Robert J. Hurst
John A. Thain
John L. Thornton
<PAGE>
SCHEDULE II
In settlement of Securities and Exchange Commission Administrative
Proceeding File No. 3-7646 In the Matter of the Distribution of Securities
Issued by Certain Government Sponsored Enterprises, Goldman, Sachs & Co. (the
"Firm"), along with numerous other securities firms, without admitting or
denying any of the findings of the Securities and Exchange Commission (the
"SEC") consented to the entry of an Order, dated January 16, 1992. The SEC found
that the Firm, in connection with its participation in the primary distributions
of certain unsecured debt securities issued by Government Sponsored Enterprises
("GSEs"), made and kept certain records that did not accurately reflect the
Firm's customers' orders for GSEs' securities and/or offers, purchases or sales
by the Firm of the GSEs' securities effected by the Firm in violation of Section
17(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and 17 C.F.R. Sections 240.17a- 3 and 240.17a-4.
The Firm was ordered to cease and desist from committing or causing
future violations of the aforementioned sections of the Exchange Act in
connection with any primary distributions of unsecured debt securities issued by
the GSEs, pay a civil money penalty to the United States Treasury in the amount
of $100,000 and maintain policies and procedures reasonably designed to ensure
the Firm's future compliance with the aforementioned sections of the Exchange
Act in connection with any primary distributions of unsecured debt securities
issued by the GSEs.
In Securities and Exchange Commission Administrative Proceeding File
No. 3-8282 In the Matter of Goldman, Sachs & Co., the Firm, without admitting or
denying any of the SEC's allegations, settled administrative proceedings
involving alleged books and records and supervisory violations relating to
eleven trades of U.S. Treasury securities in the secondary markets in 1985 and
1986. The SEC alleged that the Firm had failed to maintain certain records
required pursuant to Section 17(a) of the Exchange Act and had also failed to
supervise activities relating to the aforementioned trades in violation of
Section 15(b)(4)(E) of the Exchange Act.
The Firm was ordered to cease and desist from committing or causing any
violation of the aforementioned sections of the Exchange Act, pay a civil money
penalty to the SEC in the amount of $250,000 and establish policies and
procedures reasonably designed to assure compliance with Section 17(a) of the
Exchange Act and Rules 17a-3 and 17a-4 thereunder.
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 3,300 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,600 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 73.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,800 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 13,000 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,500 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 73.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 73.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 6,700 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,300 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 74 25-Aug-97 28-Aug-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 73.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 72.98438 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 20,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 73.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 7,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,800 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,000 72.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,600 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 74.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 20,000 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 42.1875 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 42.1875 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 69.25 6-Aug-97 11-Aug-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 9,000 69.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 7,000 70.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 65.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 30,000 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 40.433 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 41.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,000 42.625 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 48.625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 48 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 16,400 53 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,200 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 12,800 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,500 60.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 15,000 59.375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 6,000 59.75 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 20,000 59.4375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,400 64.25 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 11,700 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,400 64.25 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 65.825 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 65.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 68.215 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.1875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,000 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 68.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,000 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 55,000 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 20,000 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 40 25-Jun-97 30-Jun-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 39.75 25-Jun-97 30-Jun-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.5 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.75 26-Jun-97 1-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 500 39.75 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.5 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 150 39.75 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.875 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 40.375 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.875 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40.25 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40.625 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 39.75 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.875 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.75 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 40.433 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.25 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 39.875 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40.25 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,400 39.9554 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.75 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40.625 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40.625 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 39.875 26-Jun-97 1-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 150 42.25 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,500 40.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 40.25 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 42.125 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 41.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42.25 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 41.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 41.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 42 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.625 27-Jun-97 2-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.25 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42.125 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42.25 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40.75 27-Jun-97 2-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 42.125 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 41.5 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 42 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.5 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42.25 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 42.25 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.875 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42.25 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.5 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.875 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 42.125 30-Jun-97 3-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40.375 1-Jul-97 7-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.5 1-Jul-97 7-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42 1-Jul-97 7-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 41.875 1-Jul-97 7-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.125 1-Jul-97 7-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42 1-Jul-97 7-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 40.625 1-Jul-97 7-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 41 2-Jul-97 8-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 40.75 2-Jul-97 8-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 40.75 2-Jul-97 8-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 40.75 2-Jul-97 8-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 41.25 3-Jul-97 9-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41 3-Jul-97 9-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.5 7-Jul-97 10-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 41.75 7-Jul-97 10-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 41.5 7-Jul-97 10-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 42.5 8-Jul-97 11-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42 8-Jul-97 11-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 100 41.375 8-Jul-97 11-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 42.1875 8-Jul-97 11-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 42.1875 8-Jul-97 11-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 41.375 8-Jul-97 11-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42.5625 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 42.625 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,300 42.375 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 42 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,000 42.625 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 42.375 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 293 42.5 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 7,500 42.625 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 42.625 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 42.5 9-Jul-97 14-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 43 10-Jul-97 15-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.75 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.625 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.375 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 44.625 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.25 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.875 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 46.375 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.375 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.75 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.375 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 285 44.875 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.125 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.4375 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.25 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 45.25 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.75 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.625 11-Jul-97 16-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 500 47 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 44.5 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 45.4375 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 47.75 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 44.25 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.25 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.75 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.875 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 43.75 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.875 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 45.75 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.5 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.625 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.875 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.375 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.125 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 46.5 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.25 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,700 46.25 11-Jul-97 16-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 49.0625 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.125 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 49 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.125 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,163 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.375 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 92 49.1551 14-Jul-97 17-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 500 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,224 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.375 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 49.0625 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.125 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,815 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.75 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 45.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.5 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 49.125 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.75 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 61 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 48 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,060 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.375 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 48.5 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.375 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.375 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 49 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.5 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 50.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 7,527 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 49.0625 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48.75 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.25 14-Jul-97 17-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.125 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 46 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.625 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 48 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 50 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.125 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 49.0625 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,600 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,713 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 979 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 48.75 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 45.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,407 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 49.0625 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 7,000 45.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.5 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 49 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,200 49.1875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.75 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.5 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.375 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 49 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,325 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.125 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49 14-Jul-97 17-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE III
SFX Broadcasting, Inc.
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 49.0625 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 14,808 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.75 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 46 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,163 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 48.875 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.5 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,163 49.1551 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 48.375 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.5 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.5 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.25 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 443 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,868 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 49.74 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.875 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 373 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 443 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 886 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.875 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 466 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 35 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 48.75 15-Jul-97 18-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.375 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 46.875 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 443 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 48.875 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 49.25 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,072 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 23 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,166 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.25 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 48.75 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 537 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 48.375 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 466 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 653 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 48 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,642 48.4178 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48.125 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 46.75 15-Jul-97 18-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 47 16-Jul-97 21-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 47 16-Jul-97 21-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.5 16-Jul-97 21-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,400 47 11/16 16-Jul-97 21-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 47.75 16-Jul-97 21-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 47 16-Jul-97 21-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 47 16-Jul-97 21-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 47.75 16-Jul-97 21-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 49.225 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 294 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,905 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 294 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 48 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 356 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 16 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,800 48 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,905 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.275 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 248 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 589 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 23 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.375 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 48.85 17-Jul-97 22-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 434 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,750 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,700 48 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 49.15 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 774 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,050 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 294 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 48.625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.15 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,100 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.725 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 310 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.5 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.75 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 48 17-Jul-97 22-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,200 48 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 713 48.5625 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.875 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 48.85 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.875 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 53.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.625 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 53.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 53.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 53 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.75 18-Jul-97 23-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.375 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 53.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.75 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 53.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 53.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 53 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.625 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 50.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.625 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.375 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.5 18-Jul-97 23-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.5 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 50.375 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,730 52.5 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 52.625 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 52 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 49 52.625 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.625 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 52 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 40 52.5 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 250 52.75 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.75 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 280 52.5 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.625 21-Jul-97 24-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 29 51.875 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,500 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 52.25 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.25 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.25 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.875 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 51.25 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 52.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.875 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.75 22-Jul-97 25-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.25 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.25 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 52.125 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 51.75 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,700 51.25 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 55 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,100 55 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.5 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.25 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 55.125 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 53.5 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 53.625 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 55.25 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 54.125 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 53.625 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.25 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.625 23-Jul-97 28-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 53.375 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 54.125 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 54 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 54.875 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.625 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.5 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 53.781 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.25 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.5 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 54.625 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.25 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.5 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.5 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.25 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.875 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.125 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.25 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.125 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 55.125 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 54.75 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 54.5 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 54 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.875 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.75 24-Jul-97 29-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 2,100 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 55.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 350 59.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 56.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 30 60.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 6,900 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 56 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 90 59.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 275 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 60 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 150 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,700 56.4426 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 275 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.1875 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,900 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 55.75 24-Jul-97 29-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 56.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 30,800 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 59 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 15/16 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 55 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,200 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 58.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,148 59.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 55.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 50,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 58.6006 24-Jul-97 29-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 55.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,300 60 11/16 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 56.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 56 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 6,500 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 58.0625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 25,000 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 56.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 60.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 15,000 56.2083 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 11/16 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,700 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.625 24-Jul-97 29-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 56.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,800 60 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.875 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 56.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 12,500 56.15 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 58.0625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 57.25 24-Jul-97 29-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,400 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 15,000 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 59.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 59.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 61.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 60.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 16,700 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 56.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,200 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,200 59.5 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 61.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 56 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 59.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 61 24-Jul-97 29-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 300 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,800 58.6006 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.875 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 58.25 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 56 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 58.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,500 60.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 55.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.625 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 58.125 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 56 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 20,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 20,000 59.4375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 59.375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 59.5 25-Jul-97 30-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.75 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61.125 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.625 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.475 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.625 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 59.625 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 60.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.625 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 60.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.625 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,000 59.125 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.75 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 60.375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,800 59.25 25-Jul-97 30-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 500 61 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.75 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 61 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 59.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 59.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 15,000 59.375 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 6,000 59.75 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61.125 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.5 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 60.75 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 250 59.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 60.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.875 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 60 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 59.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 62.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,400 59.875 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 59.875 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 28-Jul-97 31-Jul-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 59.85 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,600 59.875 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.5 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 59.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 25 60 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.625 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 25 60 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 61.5 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 59.875 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 60 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.125 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,500 60.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,800 60 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 59.875 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,300 59.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61.5 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 59.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 62.375 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 61.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 59.75 29-Jul-97 1-Aug-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 200 59 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 59.75 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 59.75 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 59 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 59.75 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 59.75 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 58.5 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 59 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 29-Jul-97 1-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 59.25 30-Jul-97 4-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 59.75 30-Jul-97 4-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 30-Jul-97 4-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60 30-Jul-97 4-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.25 30-Jul-97 4-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 59.75 30-Jul-97 4-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 30-Jul-97 4-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.25 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 58 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 57.375 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.375 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.375 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 58.125 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 250 58.5 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 149 58.5 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.5 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58 31-Jul-97 5-Aug-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 58.5 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.5 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 30 59 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 58.25 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.5 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 58.75 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 57.625 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 59.25 1-Aug-97 6-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 59.125 1-Aug-97 6-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 59.125 1-Aug-97 6-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 1-Aug-97 6-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.5 1-Aug-97 6-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 59.125 1-Aug-97 6-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 58.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.5625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61.375 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,300 62.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 58.75 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 64.125 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.125 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 175 58.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.4375 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 60.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 550 58.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,700 62 4-Aug-97 7-Aug-97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 25 58.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63.5 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 61.75 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 75 58.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.125 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 62 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,200 58.75 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.125 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.375 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 75 58.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.5 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 64.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 60.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 63 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.375 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63.125 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 447 59.5 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 58.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,700 62.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.75 4-Aug-97 7-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX BROADCASTING, INC.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 63 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.375 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.75 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 61 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 63.125 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 447 59.5 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 58.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.625 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,700 62.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.25 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.75 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.875 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.125 4-Aug-97 7-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 68.25 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.85 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,800 66.625 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 68.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 11,700 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 66.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.125 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 66.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.25 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 68 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 65.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 69.25 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 66 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 68.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 68.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.125 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.85 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 68.25 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.125 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.75 5-Aug-97 8-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX BROADCASTING, INC.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.125 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,800 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 69 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 69 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 68.25 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 66 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.75 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.625 5-Aug-97 8-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 250 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,100 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.4 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 69.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 68.75 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 67.75 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.75 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.3125 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69 6-Aug-97 11-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX BROADCASTING, INC.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,000 69.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.375 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.875 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 68.75 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 69.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 66.875 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.375 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67.125 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.875 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 69.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 69.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 67.875 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 69.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 67.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,900 69.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 550 66.625 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.25 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.3125 6-Aug-97 11-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX BROADCASTING, INC.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 450 66.875 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,900 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 67.75 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.4 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 67.4 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 68 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.25 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70.25 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 65.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 70 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 65.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 68.875 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 65.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 64.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 68 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 70 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,180 68.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 68.1875 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 14,000 65.375 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.375 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 65.5 7-Aug-97 12-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX BROADCASTING, INC.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.375 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.875 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 70.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 60 66.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 65.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.25 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 7,000 70.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 66.875 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64 13/16 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 170 68.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 68.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.25 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 68.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 66 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.375 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 70.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 64 15/16 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 25 68.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.375 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 68 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 70.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.5 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 68.1875 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.25 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 66.625 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.375 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.375 8-Aug-97 13-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX BROADCASTING, INC.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 900 67 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.75 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 67.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.25 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 65.75 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.625 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 66.375 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 65.75 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 65.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 66.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 65.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.25 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 66.375 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.25 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 15,000 66.85 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 66.375 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 67 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 66 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.375 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 250 66.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 66.25 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 66.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 66.25 8-Aug-97 13-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 66.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 65 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.75 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 66.425 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.375 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 65.825 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,300 66.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,500 66.375 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 66.425 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 65.875 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.625 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.375 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 67.03 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 66.425 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 66.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.2 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 8-Aug-97 13-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 65.1875 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 65 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.875 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.375 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 64 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 64.8 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.125 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 64 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 65.625 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 12-Aug-97 15-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.625 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,650 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 650 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 64.75 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,050 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 65.5 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 65 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 64.75 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.625 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 65 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.75 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.625 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.375 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,700 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 350 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 65.125 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.875 12-Aug-97 15-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.5 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 64.5 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 63.5 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 149 64.25 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64 13-Aug-97 18-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 26 64.5 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 64.25 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 64.0625 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 119 63.5 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65 13-Aug-97 18-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 66.375 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 66.3125 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.875 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 66.375 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 490 64.75 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 64.5 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 64.25 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.125 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.125 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.75 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.5 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.625 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.875 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 64.375 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.25 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 65 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.875 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.75 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 66.125 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 64.5 14-Aug-97 19-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.25 15-Aug-97 20-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 66.25 15-Aug-97 20-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 67.25 15-Aug-97 20-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 67.25 15-Aug-97 20-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,900 66.875 15-Aug-97 20-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 20 66 15-Aug-97 20-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 250 66.25 15-Aug-97 20-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 66 18-Aug-97 21-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 66.25 18-Aug-97 21-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66 18-Aug-97 21-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 65.5 18-Aug-97 21-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.125 19-Aug-97 22-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 66.0625 19-Aug-97 22-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 66 19-Aug-97 22-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66 19-Aug-97 22-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 65.41 19-Aug-97 22-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66 19-Aug-97 22-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.375 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.25 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 15,000 67 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.875 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.25 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.75 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.625 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.25 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.5 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.25 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.25 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 67 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.875 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 65.375 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.25 20-Aug-97 25-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 67.375 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 67 21-Aug-97 26-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.75 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 270 67 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 67.7375 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 270 67 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 66.75 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.75 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 67 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 66.75 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 250 67 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 66.75 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 67 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 67.75 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,800 67.75 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 68.125 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.5 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,750 67.375 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 67 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.05 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.25 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 67.1875 21-Aug-97 26-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 66 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 65.25 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.375 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 68.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 69.25 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 150 69.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,200 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 67.875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 69.375 22-Aug-97 27-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 150 68.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70.125 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 66.25 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.375 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 68.375 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 67 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 70 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 68.215 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 69.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 68.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 66.875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 69.375 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 150 69.375 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 66.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.1875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.375 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.25 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.125 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.625 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 69.375 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.625 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70.125 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70.125 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,000 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 69.125 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 59 66.875 22-Aug-97 27-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 68.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 65.75 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 67.875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 70.125 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.5 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 68.875 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,300 68 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 150 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 6,000 73.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,250 72.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 550 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.8375 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 450 73.5625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,800 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,250 73.225 25-Aug-97 28-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 72.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 159 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 70.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,400 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 72.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 45 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 30,000 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 350 73.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 72.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 9,000 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 71.675 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 74.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,700 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 350 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,050 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 25 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 72.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 70.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71.675 25-Aug-97 28-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 50 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 72.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 250 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,100 72.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.2875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 72.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 72.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 72 11/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 438 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 72.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 72 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 466 72.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,000 72.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 36 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 74.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 149 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 72.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.6 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 12,850 72.25 25-Aug-97 28-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 800 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 12,000 72.375 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 72.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 900 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 72.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 73.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 72.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 450 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 73 11/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 71.675 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 72.76563 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71.675 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 72 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 72 13/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 72.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,500 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 73.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,300 73 11/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 73.75 25-Aug-97 28-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 500 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 71.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 10,000 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 11,500 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 7,000 73.0625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 49 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.2875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71.675 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 8,000 73 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 74 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 72.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 150 73 15/16 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 100 74 25-Aug-97 28-Aug-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 250 73.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 50 74.25 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 5,000 71.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,300 72.375 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 600 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,500 72.75 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 73.3125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 49.125 14-Jul-97 17-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 53.625 23-Jul-97 28-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 700 59.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 59.75 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 67.4 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 65.625 7-Aug-97 12-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 71.675 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71.675 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 71.675 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 59.222 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 71.675 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 48.85 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 48.85 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 56.75 24-Jul-97 29-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 48.725 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 62.25 28-Jul-97 31-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 60.25 25-Jul-97 30-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 66.875 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 52.333 22-Jul-97 25-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 69.125 22-Aug-97 27-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 64.8 11-Aug-97 14-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 3,500 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,500 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 53.656 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 52.333 22-Jul-97 25-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 200 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67.5 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.5 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,000 49.275 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 500 73.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67.125 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 70.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 350 73.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 70.625 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 800 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 67 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 400 73.225 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 1,100 49.125 17-Jul-97 22-Jul-97
</TABLE>
<PAGE>
SCHEDULE III
SFX Broadcasting, Inc.
<TABLE>
<CAPTION>
CUSIP SECURITY DESCRIPTION PURCHASES SALES PRICE TRADE DATE SETTLEMENT DATE
- ----- -------------------- --------- ----- ----- ---------- ---------------
<S> <C> <C> <C> <C> <C> <C>
784174-10-4 SFX BROADCASTING INC. CL-A 550 66.625 6-Aug-97 11-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 49.125 17-Jul-97 22-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 750 57.375 31-Jul-97 5-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 4,000 53.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 7,000 73.875 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 53.25 18-Jul-97 23-Jul-97
784174-10-4 SFX BROADCASTING INC. CL-A 2,000 74.125 25-Aug-97 28-Aug-97
784174-10-4 SFX BROADCASTING INC. CL-A 300 67.03 8-Aug-97 13-Aug-97
784174-20-3 S F X BROADCASTING 6.50% SER D 12,500 76.25 5-Aug-97 8-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 4,155 53.75 26-Jun-97 1-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 720 53.75 26-Jun-97 1-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 110 53.75 26-Jun-97 1-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 3,730 53.75 26-Jun-97 1-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 220 53.75 26-Jun-97 1-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 500 54.75 27-Jun-97 2-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 500 54.375 30-Jun-97 3-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 10,000 56.25 9-Jul-97 14-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 25,000 60 16-Jul-97 21-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 10,000 60.25 17-Jul-97 22-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 20,000 64.5 18-Jul-97 23-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 50,000 69.5 25-Jul-97 30-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 225 70 25-Jul-97 30-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 10,000 75.25 5-Aug-97 8-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 10,000 75.25 5-Aug-97 8-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 7,500 77.5 6-Aug-97 11-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 250 78 7-Aug-97 12-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 4,700 75.75 8-Aug-97 13-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 500 75.5 18-Aug-97 21-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 7,500 78.25 22-Aug-97 27-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 1,000 78.75 22-Aug-97 27-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 7,500 78.25 22-Aug-97 27-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 4,000 81.1375 25-Aug-97 28-Aug-97
784174-50-0 S F X BROADCASTING 6.50% SER D 2,000 55.5 7-Jul-97 10-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 15,500 64.088 18-Jul-97 23-Jul-97
784174-50-0 S F X BROADCASTING 6.50% SER D 10,000 64.088 18-Jul-97 23-Jul-97
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EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the Securities
Exchange Act of 1934, the undersigned agree to the joint filing of a Statement
on Schedule 13D (including any and all amendments thereto) with respect to the
shares of SFX Broadcasting, Inc. and further agree to the filing of this
agreement as an Exhibit thereto. In addition, each party to this Agreement
expressly authorizes each other party to this Agreement to file on its behalf
any and all amendments to such Statement on Schedule 13D.
Date: September 4 , 1997
GOLDMAN, SACHS & CO.
By: /s/ Gregory K. Palm
Name: Gregory K. Palm
Title: Managing Director
THE GOLDMAN SACHS GROUP, L.P.
By: The Goldman Sachs Corporation,
its general partner
By: /s/ Gregory K. Palm
Name Gregory K. Palm
Title: Executive Vice President
