EXHIBIT 99.1

                                December 6, 2004

                     NOTICE OF BLACKOUT PERIOD TO DIRECTORS
          AND EXECUTIVE OFFICERS OF CLEAR CHANNEL COMMUNICATIONS, INC.

         You are receiving this notice to advise you that your ability to trade
securities of Clear Channel Communications, Inc. ("CLEAR CHANNEL") will be
significantly restricted from 4:00 p.m. Eastern time on December 23, 2004, to
January 16, 2005.

         The transition by the Clear Channel Communications, Inc. Nonqualified
Deferred Compensation Plan (the "PLAN") of administration, recordkeeping and
trustee services from ICMG/Wells Fargo to Fidelity Investments on January 3,
2005, will necessitate a blackout period that will begin at 4:00 p.m. Eastern
time on December 23, 2004, and is expected to end on January 16, 2005 (the
"BLACKOUT PERIOD"). (If the ending date of the Blackout Period changes, you will
be notified.) During the Blackout Period, Section 306(a) of the Sarbanes-Oxley
Act and Section 101(a) of Regulation BTR prohibit any director or executive
officer of Clear Channel from, directly or indirectly, entering into any
transaction with respect to any equity security of Clear Channel (including
stock options and derivative transactions) acquired through a Clear Channel
compensation plan.


         There are a limited number of exceptions to the restrictions described
above (including purchases of Clear Channel stock through the Employee Stock
Purchase Plan, or through the Clear Channel 401(k) plan), and certain types of
transactions continue to be permitted during the Blackout Period. For more
information about these exceptions, or if you have any other questions about
this notice, please contact Hamlet Newsom, Clear Channel Communications, Inc.,
200 East Basse Road, San Antonio, TX 78209, telephone number (210) 822-2828.