SEC Form 5

FORM 5
[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).
[ ]Form 3 Holdings Reported
[ ]Form 4 Transactions Reported UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person^* Johnston, Neil     O. (Last)                      (First)                      (Middle) 6205 Peachtree Dunwoody Road
(Street) Atlanta, GA     30328 (City)                      (State)                      (Zip)
2. Issuer Name and Ticker
    or Trading Symbol
Cox Radio, Inc.   CXR 3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary) 4. Statement for
    (Month/Year)
    December 2002
5. If Amendment,
    Date of Original
    (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
                        Director                           10% Owner            X          Officer                             Other
Officer/Other Description           Vice Pres. & Chief Financial Officer 7. Individual or Joint/Group
    Filing (Check Applicable Line)
X   Individual Filing       Joint/Group Filing

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security     (Instr. 3)	2. Transaction Date     (Month/Day/Year)	3. Transaction     Code     (Instr. 8)	4. Securities Acquired (A) or Disposed (D) Of     (Instr. 3, 4, and 5)         Amount      |         A/D         |         Price	5. Amount of     Securities     Beneficially     Owned at     End of     Issuer's Fiscal     Year     (Instr. 3 and 4)	6. Owner-     ship     Form:     Direct(D)     or     Indirect (I)     (Instr. 4)	7. Nature of      Indirect      Beneficial      Ownership     (Instr. 4)
Class A Common Stock				1,942.00	D

If the form is filed by more than one reporting person, see instruction 4(b)(v).

(over)
SEC 2270 (3-99)

Johnston, Neil O. - December 2002

Form 5 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security     (Instr. 3)	2. Conver-     sion or     Exercise     Price of     Deri-     vative     Security	3. Transaction     Date     (Month/     Day/     Year)	4. Transaction     Code	5. Number of Derivative     Securities Acquired (A)     or Disposed (D) Of     (Instr. 3,4 and 5)	6. Date Exercisable(DE) and     Expiration Date(ED)     (Month/Day/Year)   (DE)     |     (ED)	7. Title and Amount of     Underlying Securities     (Instr. 3 and 4)	8. Price     of     Derivative     Security     (Instr.5)	9. Number of     Derivative     Securities     Beneficially     Owned     at End of     Year     (Instr.4)	10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I)	11. Nature of       Indirect       Beneficial       Ownership       (Instr.4)
JAN 2002 Stock Option	$24.66	01/02/2002	A	(A) 25,000.00	01/02/2007 (1) | 01/02/2012	Class A Common Stock - 25,000.00		25,000.00	D
APR 2001 Stock Options	$20.57				04/09/2006 (2) | 04/09/2011	Class A Common Stock - 734.00		734.00	D
JAN 1999 Stock Option	$13.92				10/19/1999 (3) | 01/01/2009	Class A Common Stock - 2,193.00		2,193.00	D
JAN 2001 Stock Option	$21.81				01/02/2006 (4) | 01/02/2011	Class A Common Stock - 17,000.00		17,000.00	D
MAR 2001 Stock Option	$22.51				03/01/2006 (5) | 03/01/2011	Class A Common Stock - 16,339.00		16,339.00	D

Explanation of Responses :

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
        See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient,
            See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number. /s/ Neil O. Johnston
________________________________         __________________
** Signature of Reporting Person                         Date



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SEC 2270 (3-99)

Johnston, Neil O. - December 2002

Form 5 (continued)

FOOTNOTE Descriptions for Cox Radio, Inc. CXR

Form 5 - December 2002

Neil O. Johnston
6205 Peachtree Dunwoody Road

Atlanta, GA 30328

Explanation of responses:

(1)   Pursuant to the Issuer's Long-Term Incentive Plan, the grant will vest and become exercisable as follows: 60% in January 2005, 20% in January 2006, and 20% in January 2007.

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