TOP TEN RADIO GROUPS
Ranked by Revenue (in millions)
| COMPANY | NUMBER OF STATIONS | 1997 Revenue |
| CBS | 160 | $1,529.4 |
| CHANCELOR MEDIA CORPORATION* | 108 | $996.0 |
| JACOR COMMUNICATIONS | 204 | $602.2 |
| CAPSTAR BROADCASTING PARTNERS* | 299 | $537.7 |
| CLEAR CHANNEL COMMUNICATIONS | 196 | $452.3 |
| ABC RADIO | 29 | $310.4 |
| COX RADIO | 59 | $246.9 |
| EMMIS BROADCASTING. | 13 | $156.7 |
| HEFTEL BROADCASTING | 39 | $155.5 |
| SUSQUEHANNA RADIO | 21 | $141.4 |
Source: BIA Research; Duncan's American Radio; USA TODAY research
* Since the release of the Commission's Staff Study, Chancellor Media announced that it will merge with Capstar Broadcasting, the second and fourth largest revenue generating radio station groups, respectively. If the Chancellor/Capstar merger is approved Chancellor will be both the largest station group as measured both by licenses controlled and revenue generated.