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): DECEMBER 2, 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.

         A copy of the press release relating to our announcement of the record
date and expected distribution date for the spin-off of our wholly-owned
subsidiary CCE Spinco, Inc. is attached to this Current Report on Form 8-K as
Exhibit 99.1.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits.

         99.1  Press release dated December 2, 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:    December 2, 2005

                                  CLEAR CHANNEL COMMUNICATIONS, INC.

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


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                                 EXHIBIT INDEX

(c) Exhibits.

         99.1  Press release dated December 2, 2005.

EX-99.1

                                                                    EXHIBIT 99.1


               CLEAR CHANNEL COMMUNICATIONS ANNOUNCES DETAILS FOR
                     COMPLETION OF CCE SPINCO, INC. SPIN-OFF

           RECORD DATE OF DECEMBER 14, 2005 AND EXPECTED DISTRIBUTION
                           DATE OF DECEMBER 21, 2005

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SAN ANTONIO, DECEMBER 2, 2005 - Clear Channel Communications, Inc. (NYSE: CCU)
announced today that the spin-off of its wholly-owned subsidiary CCE Spinco,
Inc. is expected to close December 21, 2005. Prior to the spin-off, Clear
Channel Communications will transfer to CCE Spinco the business currently
conducted by its Entertainment Group segment.

Under the terms of the transaction, Clear Channel Communications will distribute
all of the shares of CCE Spinco common stock held by Clear Channel
Communications to its stockholders by means of a share dividend. These shares
represent all of CCE Spinco's outstanding common stock. Following the
distribution, Clear Channel Communications will not own any shares of CCE
Spinco, and CCE Spinco will be an independent, publicly-traded company listed
under the symbol "LYV" on the New York Stock Exchange. Payment of the share
dividend is subject to final clearance from the Securities and Exchange
Commission and the New York Stock Exchange, closing of a senior secured credit
facility for, and certain other securities offerings by, CCE Spinco, and other
conditions set forth in the registration statement on Form 10, as amended, filed
by CCE Spinco with the Securities and Exchange Commission.

The terms of the share dividend are as follows: Clear Channel Communications
will distribute to each holder of Clear Channel Communications common stock one
share of CCE Spinco common stock for every eight shares of Clear Channel
Communications common stock held by such stockholder on December 14, 2005, the
record date for the distribution. The distribution will occur on or about
December 21, 2005. No fractional shares of CCE Spinco common stock will be
distributed. In lieu of fractional shares, Clear Channel Communications
stockholders will receive cash, which generally will be taxable. Given the
nature of the transaction, any holder of Clear Channel Communications common
stock who sells shares on or before the distribution date will also be selling
their entitlement to receive shares of CCE Spinco common stock in the spin-off.
Stockholders of Clear Channel Communications common stock are encouraged to
consult with their financial advisors regarding the specific implications of
selling Clear Channel Communications common stock before the spin-off.

No action is required by Clear Channel Communications stockholders to receive
their CCE Spinco common stock, and Clear Channel Communications stockholders
will not be required to surrender any Clear Channel Communications shares and
generally will not be required to pay anything, other than any taxes due in
respect of cash received in lieu of fractional share interests. Clear Channel
Communications stockholders who hold Clear Channel Communications common stock
as of the record date will receive a book-entry account statement reflecting
their ownership of CCE Spinco common stock or their brokerage account will be
credited for the shares.

Clear Channel Communications has received a ruling from the Internal Revenue
Service to the effect that, based on certain facts, assumptions, representations
and undertakings set forth in the ruling, the distribution generally will be
tax-free to Clear Channel Communications and to its U.S. common stockholders,
except in respect of cash received in lieu of fractional share interests. Clear
Channel Communications will mail an information statement regarding CCE Spinco
to all stockholders entitled to receive CCE Spinco common stock on or about
December 15, 2005. The information statement will describe the new company, the
procedures by which the distribution will be effected, the risks of holding CCE
Spinco common stock and other details of the transaction. A copy of the
information statement is included with the registration statement on Form 10, as
amended, filed by CCE Spinco with the Securities and Exchange Commission in
connection with the transaction and available at the Commission's website at
http://www.sec.gov.

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Stockholders with inquiries should contact:

Clear Channel Communications, Inc.
P.O. Box 659512
San Antonio, TX 78265-9512
Attention: Investor Relations
(210) 822-2828


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RISKS

The following statements made in this press release are "forward-looking" and
are made pursuant to the safe harbor provision of the Securities Litigation
Reform Act of 1995: (1) the likelihood of and expected timing for completion of
the spin-off transaction, (2) the anticipated listing of CCE Spinco on the New
York Stock Exchange, (3) the expected date the shares of each company will trade
as separate issues, (4) the timing and development of a "when-issued" trading
market for CCE Spinco common stock, and (5) the timing of mailing of the
information statement to Clear Channel Communications stockholders. These
forward-looking statements are merely predictions and, therefore, they involve
risks and uncertainties which could cause actual results to differ materially
from the forward-looking statements set forth in this press release. These risks
and uncertainties include, without limitation, the following: (1) the underlying
assumptions and expectations related to the spin-off transaction proving to be
inaccurate or unrealized, (2) the timing of the effectiveness of CCE Spinco's
registration statement on Form 10 with the Securities and Exchange Commission,
(3) the timing of the New York Stock Exchange's approval for listing of CCE
Spinco common stock, and (4) the inability to close in a timely fashion or at
all the proposed CCE Spinco credit facility or the offering of certain other
securities. Additional factors related to these and other expectations as well
as additional conditions to the spin-off are detailed in the registration
statement on Form 10, as amended, filed by CCE Spinco with the Securities and
Exchange Commission.


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