================================================================================ FORM T-1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) |__| -------------------- THE BANK OF NEW YORK (Exact name of trustee as specified in its charter) New York 13-5160382 (State of incorporation (I.R.S. employer if not a U.S. national bank) identification no.) 48 Wall Street, New York, N.Y. 10286 (Address of principal executive offices) (Zip code) -------------------- JACOR COMMUNICATIONS COMPANY (Exact name of obligor as specified in its charter) Florida 59-2054850 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) 50 East RiverCenter Boulevard 12th Floor Covington, Kentucky 41011 (Address of principal executive offices) (Zip code) JACOR COMMUNICATIONS, INC. (Exact name of obligor as specified in its charter) Delaware 31-0978313 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) 50 East RiverCenter Boulevard 12th Floor Covington, Kentucky 41011 (Address of principal executive offices) (Zip code) TABLE OF ADDITIONAL REGISTRANTS RELATING TO THE GUARANTORS AFTER MIDNITE Delaware 95-4438438 ENTERTAINMENT, INC. BROADCAST FINANCE, INC. Ohio 31-1390698 CINE FILMS, INC. California 95-2945526 CINE GUARANTORS, INC. California 95-2677644 CINE GUARANTORS II, INC. California 95-2960196 CINE GUARANTORS II, LTD. Canada Not Applicable CINE MOBILE SYSTEMS Antille Not Applicable INT'L. N.V. CINE MOVIL S.A. de C.V. Mexico Not Applicable CITICASTERS CO. Ohio 31-1081002 F.M.I. PENNSYLVANIA, INC. Pennsylvania 59-1648738 GACC-N26LB, INC. Delaware 31-1231527 GACC-340, INC. Delaware 31-1251968 GEORGIA NETWORK Georgia 31-0317907 EQUIPMENT, INC. GREAT AMERICAN MERCHANDISING New York 13-2658721 GROUP, INC. GREAT AMERICAN TELEVISION California 31-1019819 PRODUCTIONS, INC. INMOBILIARIA RADIAL, S.A. Mexico Not Applicable de C.V. JACOR BROADCASTING Ohio 31-1363232 CORPORATION JACOR BROADCASTING OF Georgia 31-1133504 ATLANTA, INC. JACOR BROADCASTING OF Delaware 57-1030503 CHARLESTON, INC. JACOR BROADCASTING OF Colorado 31-1212116 COLORADO, INC. JACOR BROADCASTING OF California 33-0250362 DENVER, INC. JACOR BROADCASTING OF Florida 31-1102108 FLORIDA, INC. JACOR BROADCASTING OF Delaware 43-1722735 KANSAS CITY, INC. JACOR BROADCASTING OF Delaware 61-1263208 LAS VEGAS, INC. JACOR BROADCASTING OF Delaware 31-1506631 LAS VEGAS II, INC. JACOR BROADCASTING OF Delaware 61-1257881 LOUISVILLE, INC. JACOR BROADCASTING OF Delaware 31-1506626 LOUISVILLE II, INC. JACOR BROADCASTING OF Delaware 87-0546502 SALT LAKE CITY, INC. JACOR BROADCASTING OF Delaware 31-1506618 SALT LAKE CITY II, INC. JACOR BROADCASTING OF Delaware 31-1440011 SAN DIEGO, INC. JACOR BROADCASTING OF Florida 31-1468564 SARASOTA, INC. JACOR BROADCASTING OF Delaware 33-0294761 ST. LOUIS, INC. JACOR BROADCASTING OF Florida 31-1234979 TAMPA BAY, INC. JACOR BROADCASTING OF California 30-0200806 TOLEDO, INC. JACOR CABLE, INC. Kentucky 31-1273897 JACOR LICENSEE OF Delaware 57-1031405 CHARLESTON, INC. -2- JACOR LICENSEE OF Delaware 43-1724459 KANSAS CITY, INC. JACOR LICENSEE OF Delaware 88-0345737 LAS VEGAS, INC. JACOR LICENSEE OF Delaware 31-1506613 LAS VEGAS II, INC. JACOR LICENSEE OF Delaware 61-1289758 LOUISVILLE, INC. JACOR LICENSEE OF Delaware 31-1506609 LOUISVILLE II, INC. JACOR LICENSEE OF Delaware 87-0546823 SALT LAKE CITY, INC. JACOR LICENSEE OF Delaware 31-1506621 SALT LAKE CITY II, INC. JACOR/PREMIERE HOLDING, INC. Delaware 95-4523968 JBSL, INC. Missouri 43-1735433 LOCATION PRODUCTIONS, INC. California 95-2556702 LOCATION PRODUCTIONS II, INC. California 95-2945537 NOBLE BROADCAST CENTER, INC. California 33-0189045 NOBLE BROADCAST GROUP, INC. Delaware 33-0215206 NOBLE BROADCAST HOLDINGS, INC. Delaware 33-0492627 NOBLE BROADCAST LICENSES, INC. California 34-1794221 NOBLE BROADCAST OF California 95-3230874 SAN DIEGO, INC. NOBRO, S.C. Mexico Not Applicable NOVA MARKETING GROUP, INC. California 33-0578898 NSN NETWORK SERVICES, LTD. Delaware 31-1125479 PREMIERE RADIO NETWORKS, INC. Delaware 95-4083971 RADIO-ACTIVE MEDIA, INC. Delaware 31-1511358 SPORTS RADIO California 33-0525378 BROADCASTING, INC. SPORTS RADIO, INC. California 95-4350343 TAFT-TCI SATELLITE Colorado 84-0863016 SERVICES, INC. THE SY FISCHER COMPANY California 95-2792659 AGENCY, INC. VTTV PRODUCTIONS California 31-0924795 WHOK, INC. Ohio 34-1092716 -------------------- 8 3/4% Series B Senior Subordinated Notes Due 2007 (Title of the indenture securities) ============================================================================== -3- 1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE TRUSTEE: (A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO WHICH IT IS SUBJECT. - -------------------------------------------------------------------------------- Name Address - -------------------------------------------------------------------------------- Superintendent of Banks of the State of 2 Rector Street, New York, New York N.Y. 10006, and Albany, N.Y. 12203 Federal Reserve Bank of New York 33 Liberty Plaza, New York, N.Y. 10045 Federal Deposit Insurance Corporation Washington, D.C. 20429 New York Clearing House Association New York, New York 10005 (B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS. Yes. 2. AFFILIATIONS WITH OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH AFFILIATION. None. 16. LIST OF EXHIBITS. EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION, ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO RULE 7a-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17 C.F.R. 229.10(d). 1. A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.) 4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.) 6. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.) 7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority. -4- SIGNATURE Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 2nd day of September, 1997. THE BANK OF NEW YORK By: /s/THOMAS E. TABOR ____________________ Name: THOMAS E. TABOR Title: ASSISTANT TREASURER -5- Consolidated Report of Condition of THE BANK OF NEW YORK of 48 Wall Street, New York, N.Y. 10286 And Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, at the close of business March 31, 1997, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act. Dollar Amounts ASSETS in Thousands Cash and balances due from depository institutions: Noninterest-bearing balances and currency and coin ................................ $ 8,249,820 Interest-bearing balances ........................ 1,031,026 Securities: Held-to-maturity securities ...................... 1,118,463 Available-for-sale securities .................... 3,005,838 Federal funds sold and Securities purchased under agreements to resell.............................. 3,100,281 Loans and lease financing receivables: Loans and leases, net of unearned income ......... 32,895,077 LESS: Allowance for loan and lease losses ........ 633,877 LESS: Allocated transfer risk reserve............. 429 Loans and leases, net of unearned income, allowance, and reserve.................. 32,260,771 Assets held in trading accounts .................... 1,715,214 Premises and fixed assets (including capitalized leases) .............................. 684,704 Other real estate owned ............................ 21,738 Investments in unconsolidated subsidiaries and associated companies ............................. 195,761 Customers' liability to this bank on acceptances outstanding .......................... 1,152,899 Intangible assets .................................. 683,503 Other assets ....................................... 1,526,113 ----------- Total assets ....................................... $54,746,131 =========== LIABILITIES Deposits: In domestic offices .............................. $25,614,961 Noninterest-bearing .............................. 10,564,652 Interest-bearing ................................. 15,050,309 In foreign offices, Edge and Agreement subsidiaries, and IBFs ................. 15,103,615 Noninterest-bearing .............................. 560,944 Interest-bearing ................................. 14,542,671 Federal funds purchased and Securities sold under agreements to repurchase............... 2,093,286 Demand notes issued to the U.S. Treasury ......................................... 239,354 Trading liabilities ................................ 1,399,064 Other borrowed money: With remaining maturity of one year or less ...... 2,075,092 With remaining maturity of more than one year .... 20,679 Bank's liability on acceptances executed and outstanding ........................ 1,160,012 Subordinated notes and debentures .................. 1,014,400 Other liabilities .................................. 1,840,245 ---------- Total liabilities .................................. 50,560,708 ========== EQUITY CAPITAL Common stock ....................................... 942,284 Surplus ............................................ 731,319 Undivided profits and capital reserves ......................................... 2,544,303 Net unrealized holding gains (losses) on available-for-sale securities .................... ( 19,449) Cumulative foreign currency translation adjustments ...................................... ( 13,034) ----------- Total equity capital ............................... 4,185,423 ----------- Total liabilities and equity capital ............... $54,746,131 =========== I, Robert E. Keilman, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the Board of Governors of the Federal Reserve System and is true to the best of my knowledge and belief. Robert E. Keilman We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the Board of Governors of the Federal Reserve System and is true and correct. Alan R. Griffith ) J. Carter Bacot ) Directors Thomas A. Renyi )