8-K

                                  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: July 23, 2002


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

              TEXAS                     1-9645                  74-1787536
  (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 July 23, 2002, Clear Channel Communications, Inc., a Texas corporation (the
"Company"), issued a press release announcing that it expects to exceed its 2nd
quarter guidance of $600 -$615 million in EBITDA.

         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 July 23, 2002.


                                   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: July 23, 2002       By: /s/ HERBERT W. HILL JR.
                              --------------------------------------------------
                                   Herbert W. Hill, Jr.:
                                   Sr. Vice President/Chief Accounting Officer:





                                INDEX TO EXHIBITS



EXHIBIT
NUMBER   DESCRIPTION
- -------  -----------
      
99.1     Press Release of Clear Channel Communications, Inc. issued July 23,
         2002.

EX-99.1

                                                                    EXHIBIT 99.1


                  CLEAR CHANNEL EXPECTS TO EXCEED 2ND QUARTER GUIDANCE


CLEAR CHANNEL REAFFIRMS 2ND QTR GUIDANCE

SAN ANTONIO, TX (JULY, 2002) - The Company announced today that it expects to
exceed its 2nd quarter guidance of $600 -$615 million in EBITDA. As previously
announced, the Company will release earnings on July 31 before the markets open.


ABOUT CLEAR CHANNEL WORLDWIDE

Visit our website at http://www.clearchannel.com.

Clear Channel Worldwide, headquartered in San Antonio, Texas, is a global leader
in the out-of-home advertising and entertainment industries with radio and
television stations, outdoor advertising displays, and live entertainment
productions and venues throughout the US and in 65 countries around the world.

Certain statements in this release constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Visit our
website at www.clearchannel.com