UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


                      Date of report:       March 12, 2003


                       CLEAR CHANNEL COMMUNICATIONS, INC.
             (Exact Name of Registrant as Specified in Its Charter)

               TEXAS                      1-9645                 74-1787539
    (State or other jurisdiction        (Commission            (IRS Employer
          of incorporation)             File Number)         Identification No.)


       200 East Basse Road, San Antonio, Texas                      78209
       (Address of principal executive offices)                   (Zip Code)


      Registrant's telephone number, including area code   (210) 822-2828






ITEM 5. OTHER EVENTS.

         On March 12, 2003, Clear Channel Communications, Inc., a Texas
corporation (the "Company"), issued a press release announcing that it will
offer an additional $200 million in senior notes.

         Reference is made to the press release filed as Exhibit 99.1 hereto.
The information set forth in Exhibit 99.1 is hereby incorporated by reference
herein.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

         (c) Exhibits

                  99.1     Press Release of Clear Channel Communications, Inc.
                           issued March 12, 2003.

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                    CLEAR CHANNEL COMMUNICATIONS, INC.


Date: March 12, 2003        By: /s/ HERBERT W. HILL JR.
                                -----------------------------------------------
                                    Herbert W. Hill, Jr.:
                                    Sr. Vice President/Chief Accounting Officer:





                                INDEX TO EXHIBITS

99.1     Press Release of Clear Channel Communications, Inc. issued March 12,
         2003.