EXHIBIT 99.2
 
                          JACOR COMMUNICATIONS COMPANY
 
                         NOTICE OF GUARANTEED DELIVERY
                                      FOR
                   8 3/4% SENIOR SUBORDINATED NOTES DUE 2007
                               EXCHANGED FOR NEW
               8 3/4% SERIES B SENIOR SUBORDINATED NOTES DUE 2007
 
    Registered holders of outstanding 8 3/4% Senior Subordinated Notes due 2007
(the "Old Notes") who wish to tender their Old Notes in exchange for a like
principal amount of new 8 3/4% Series B Senior Subordinated Notes due 2007 (the
"Exchange Notes") and whose Old Notes are not immediately available or who
cannot deliver their Old Notes and Letter of Transmittal (and any other
documents required by the Letter of Transmittal) to The Bank of New York (the
"Exchange Agent") prior to the Expiration Date, may use this Notice of
Guaranteed Delivery or one substantially equivalent hereto. This Notice of
Guaranteed Delivery may be delivered by hand or sent by facsimile transmission
(receipt confirmed by telephone and an original delivered by guaranteed
overnight courier) or mail to the Exchange Agent. See "The Exchange Offer
- --Procedures for Tendering Old Notes" in the Prospectus.
 
                 THE EXCHANGE AGENT FOR THE EXCHANGE OFFER IS:
 
                              THE BANK OF NEW YORK
 

                                         
  BY HAND DELIVERY OR OVERNIGHT COURIER:                     BY MAIL:
           The Bank of New York                        The Bank of New York
            101 Barclay Street                        101 Barclay Street, 7E
     Corporate Trust Services Window                 New York, New York 10286
               Ground Level                        Attn: Reorganization Section
         New York, New York 10286                         Arwen Gibbons
       Attn: Reorganization Section
              Arwen Gibbons

 
                           BY FACSIMILE TRANSMISSION:
                        (For Eligible Institutions Only)
                                 (212) 815-6339
                        To Confirm Receipt of Facsimile:
                                 (212) 815-5920
 
    DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR
TRANSMISSION VIA A FACSIMILE TRANSMISSION TO A NUMBER OTHER THAN AS SET FORTH
ABOVE WILL NOT CONSTITUTE A VALID DELIVERY.
 
    THIS FORM IS NOT TO BE USED TO GUARANTEE SIGNATURES. IF A SIGNATURE ON A
LETTER OF TRANSMITTAL IS REQUIRED TO BE GUARANTEED BY AN ELIGIBLE INSTITUTION
(AS DEFINED IN THE PROSPECTUS), SUCH SIGNATURE GUARANTEE MUST APPEAR IN THE
APPLICABLE SPACE PROVIDED IN THE SIGNATURE BOX ON THE LETTER OF TRANSMITTAL FOR
GUARANTEE OF SIGNATURES.

Ladies and Gentlemen:
 
The undersigned hereby tenders the principal amount of Old Notes indicated
below, upon the terms and subject to the conditions contained in the Prospectus
dated            , 1997 (the "Prospectus") of Jacor Communications Company, a
Florida corporation (the "Company"), and the related Letter of Transmittal
(which together constitute the "Offer"), receipt of which is hereby
acknowledged.
 


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                            DESCRIPTION OF SECURITIES TENDERED
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                          NAME AND ADDRESS OF
                        REGISTERED HOLDER AS IT        CERTIFICATE       PRINCIPAL AMOUNT
  NAME OF TENDERING     APPEARS ON THE OLD NOTES     NUMBER(S) OF OLD      OF OLD NOTES
       HOLDER                (PLEASE PRINT)           NOTES TENDERED         TENDERED
                                                                
 
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                   THE FOLLOWING GUARANTEE MUST BE COMPLETED
                             GUARANTEE OF DELIVERY
                    (NOT TO BE USED FOR SIGNATURE GUARANTEE)
 
    The undersigned, a member of a recognized signature guarantee medallion
program within the meaning of Rule 17Ad-15 under the Securities Exchange Act of
1934, as amended, hereby guarantees to deliver to the Exchange Agent at one of
its addresses set forth above, the certificates representing the Old Notes (or a
confirmation of book-entry transfer of such Old Notes into the Exchange Agent's
account at the book-entry transfer facility), together with a properly completed
and duly executed Letter of Transmittal (or a facsimile thereof), with any
required signature guarantees, and any other documents required by the Letter of
Transmittal within three business days after the Expiration Date (as defined in
the Prospectus and the Letter of Transmittal).
 
Name of Firm: __________________________________________________________________
 
Address: _______________________________________________________________________
 
Phone #: (  ) __________________________________________________________________
 
Authorized Signature: __________________________________________________________
 
Name: __________________________________________________________________________
 
Title: _________________________________________________________________________
 
Date: __________________________________________________________________________
 
NOTE:  DO NOT SEND OLD NOTES WITH THIS NOTICE OF GUARANTEED DELIVERY.  OLD NOTES
SHOULD BE SENT WITH YOUR LETTER OF TRANSMITTAL.