Jacor

Jacor Communications was a media corporation, existing between 1987 and 1999, which owned many radio stations in the United States. In 1998, Jacor was purchased by Clear Channel Communications, now iHeartMedia, for $2.8 billion. Jacor Communications began with three religious stations and went on to acquire dozens of radio stations between 1992 and its sale to Clear Channel in 1999. It also owned a few television stations, including WKRC-TV in Cincinnati. History Jacor Communications was founded by Terry Jacobs. Jacobs incorporated Jacor Communications in 1979 and purchased three religious stations in 1981. In June 1989, Jacor purchased Telesat Cable, a Northern Kentucky cable provider, for $5 million, which it later sold in May 1994. In 1993, an investor named Sam Zell paid $80 million from the Zell Chilmark fund to purchase controlling interest in Jacor. In 1992, the Federal Communications Commission increased the number of radio stations a single company could own in one city to 3AMs and 3FMs. After this change, Jacor began purchasing stations, including WKRC (AM) in Cincinnati in 1993.