8-K

                                    FORM 8-K

                                 CURRENT REPORT

                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                                 Date of Report
                       (Date of earliest event reported):
                               September 11, 1998
                              (Septebmer 10, 1998)




                       CLEAR CHANNEL COMMUNICATIONS, INC.
             (Exact name of registrant as specified in its charter)


         Texas                            1-9645                  74-1787536
(State or other jurisdiction       (Commission File Number)     (IRS Employer
     incorporation)                                          Identification No.)

     200 Concord Plaza, Suite 600
          San Antonio, Texas                               78216
        (Address of principal                           (Zip Code)
          executive offices)

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











ITEM 5.       OTHER EVENTS.

           On September 10, 1998,  Clear Channel  Communications,  Inc., a Texas
corporation  (the  "Company"),  issued  a  press  release  announcing  that  the
Company's Board of Directors had authorized the repurchase of up to $500 million
of the Company's  Common Stock over the next 12 months.  Such repurchase will be
effected  through   open  market  purchases  pursuant  to  Rule  10b-18  of  the
Securities  Exchange  Act  of  1934,  as  amended,  or in  privately  negotiated
transactions.

           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
                 September 10, 1998.


                                   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 thereunto duly authorized.



                                         CLEAR CHANNEL COMMUNICATIONS, INC.


                                    By: /S/Herbert W. Hill, Jr.
                                        Herbert W. Hill, Jr.
                                        Chief Accounting Officer

Dated:     September 11, 1998








                                Index To Exhibits

99.1       Press Release of Clear Channel Communications, Inc. issued September
           10, 1998.

EX-1

                                                                  EXHIBIT 99.1


                             Clear Channel Announces
                            Stock Repurchase Program


San Antonio,  Texas,  September 10, 1998...Lowry Mays, Chairman and CEO of Clear
Channel  Communications,  Inc.,  announced today that its Board of Directors has
authorized the  repurchase of up to $500 million of the Company's  common stock.
The stock repurchase program will be conducted over the next 12 months.

Clear  Channel said it would  repurchase  its common  stock,  from time to time,
through  open market  purchases or in  negotiated  private  transactions.  Clear
Channel  Communications  will base its decisions on repurchases and their timing
on such factors as the stock price,  general economic and market  conditions and
the status of the Company's ongoing acquisition strategy. The repurchase program
may be suspended or discontinued at any time.

Lowry Mays,  Chairman and CEO of Clear  Channel  Communications  declared  "This
action  underscores our Board's optimism about the Company's  continued  success
and commitment to the Company's future prospects. We believe the purchase of our
common  stock  represents  an  attractive  opportunity  to benefit the long term
interests of the Company and its shareholders."


Clear Channel  Communications,  Inc. is a global diversified media company.  The
Company  operates,  or is affiliated  with,  441 radio  stations,  18 television
stations and approximately  200,000 outdoor advertising displays in 25 countries
worldwide.  The  Company  also  owns  29%  of  Heftel  Broadcasting  Corporation
(NASDAQ:HBCCA),  the largest  Spanish-language  radio  broadcaster in the United
States.  The Company's  stock is traded on the New York Stock Exchange under the
symbol "CCU."

For  further  information  contact:  Houston  Lane or  Lanita  Edwards  at (210)
822-2828  All  recent  press  releases  are  posted  on the  Company's  website:
www.clearchannel.com  If you would  like to receive  future  press  releases  by
E-mail, send your request to ledwards@clearchannel.com


This  press  release   contains   statements  that  constitute   forward-looking
statements  within the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934. Those statements appear in a
number of places in this press  release,  and include  statements  regarding the
intent,  belief or current expectations of the Company.  Investors are cautioned
that  any  such  forward  looking   statements  are  not  guarantees  of  future
performance  and involve risks and  uncertainties,  and that actual  results may
differ  materially from those  projected in the forward looking  statements as a
result of various factors. Risks and uncertainties associated with the Company's
acquisition activities include risks that: acquisition opportunities explored by
the Company may be  abandoned,  investments  will fail to perform in  accordance
with  expectations  and that analysis with respect to the cost  associated  with
proposed acquisitions will prove inaccurate.