8-K

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                                  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 (Date of earliest event reported): NOVEMBER 10, 2005


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

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

           200 EAST BASSE ROAD                                   78209
           SAN ANTONIO, TEXAS                                  (Zip Code)
(Address of principal executive offices)



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

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

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ITEM 8.01.  OTHER EVENTS.

         Our joint press release with Clear Channel Outdoor Holdings, Inc. dated
November 10, 2005 concerning the pricing of the initial public offering of the
Class A common stock of Clear Channel Outdoor Holdings is filed as Exhibit 99.1
to this report and is incorporated by reference herein.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(a)  Financial statements of businesses acquired.

                  Not applicable

(b)  Pro forma financial information.

                  Not applicable

(c)  Exhibits.

                  99.1 Joint Press Release of Clear Channel Communications, Inc.
                       and Clear Channel Outdoor Holdings, Inc. issued November
                       10, 2005.





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                                   SIGNATURES



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


Date:    November 10, 2005

                                    CLEAR CHANNEL COMMUNICATIONS, INC.

                                    By:   /s/ Herbert W. Hill, Jr.
                                        ----------------------------------------
                                          Herbert W. Hill, Jr.
                                          Sr. Vice President/
                                          Chief Accounting Officer




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                                INDEX TO EXHIBITS


EXHIBIT NUMBER                      DESCRIPTION


         99.1          Joint press release of Clear Channel Communications, Inc.
                       and Clear Channel Outdoor Holdings, Inc. issued November
                       10, 2005.



                                      -4-

EX-99.1

                                                                    EXHIBIT 99.1


                               [CLEAR CHANNEL LOGO]



CLEAR CHANNEL OUTDOOR PRICES INITIAL PUBLIC OFFERING

San Antonio, Texas -- November 10, 2005. Clear Channel Outdoor Holdings, Inc.
(NYSE: CCO) and its parent company, Clear Channel Communications, Inc. (NYSE:
CCU), today announced the initial public offering of 35,000,000 shares of Class
A common stock of Clear Channel Outdoor Holdings at a price of $18.00 per share,
for a total offering of $630,000,000. Trading of Clear Channel Outdoor Holding's
Class A common stock is expected to begin tomorrow on the New York Stock
Exchange under the ticker symbol "CCO."

All of the 35,000,000 shares of Class A common stock were sold by Clear Channel
Outdoor Holdings. Clear Channel Outdoor Holdings intends to use all of the net
proceeds of the offering to repay outstanding intercompany indebtedness owed by
it to Clear Channel Communications.

The offering was made through an underwriting syndicate led by Goldman, Sachs &
Co. that acted as global coordinator and senior book-running manager. Deutsche
Bank Securities Inc., J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner
& Smith Incorporated and UBS Securities LLC acted as joint book-running managers
for the offering. Banc of America Securities LLC, Bear, Stearns & Co., Inc.,
Credit Suisse First Boston, LLC and A.G. Edwards & Sons, Inc. acted as senior
co-managers for the offering. Allen & Company LLC, Barrington Research
Associates, Inc., Harris Nesbitt Corp., SunTrust Capital Markets, Inc., Wachovia
Capital Markets, LLC, M.R. Beal & Company, a Limited Partnership, Muriel Siebert
& Co., Inc. and Samuel A. Ramirez & Company, Inc. acted as junior co-managers
for the offering.

The 35,000,000 newly issued shares of Class A common stock represent
approximately 10% of the combined total of shares of Class A common stock and
Class B common stock outstanding immediately following the offering. Holders of
Class A common stock are entitled to one vote per share while holders of Class B
common stock are entitled to 20 votes per share on all matters voted on by
stockholders. After the offering, Clear Channel Communications will own all of
the outstanding shares of Class B common stock of Clear Channel Outdoor
Holdings, representing approximately 99% of the total voting power of Clear
Channel Outdoor Holdings' common stock immediately after the offering.

A registration statement relating to the Class A common stock has been filed
with and declared effective by the Securities and Exchange Commission. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction. The offering of these securities will be made only by means of a
prospectus. A copy of the final prospectus related to


these securities may be obtained, when available, at www.sec.gov or by
contacting: Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004,
Attention: Prospectus Department (212-902-1171).



ABOUT CLEAR CHANNEL OUTDOOR HOLDINGS
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), headquartered in San Antonio,
Texas, provides its clients with advertising opportunities through billboards,
street furniture displays, transit displays and other out-of-home advertising
displays that it owns or operates in key markets worldwide.

ABOUT CLEAR CHANNEL COMMUNICATIONS
Clear Channel Communications, Inc. (NYSE: CCU), headquartered in San Antonio,
Texas, is a global leader in the out-of-home advertising industry with radio and
television stations, outdoor displays and entertainment venues around the world.

FOR FURTHER INFORMATION ABOUT CLEAR CHANNEL OUTDOOR HOLDINGS
Investors:
Randy Palmer
Senior Vice President of Investor Relations
(210) 832-3315

Media:
Lisa Dollinger
Chief Communications Officer
(210) 832-3474

or visit our corporate website at www.clearchanneloutdoor.com.