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 (Date of Earliest Event Reported): 05/05/2005

                        CLEAR CHANNEL COMMUNICATIONS INC
             (Exact Name of Registrant as Specified in its Charter)

                        Commission File Number: 001-09645

                    TX                                       74-1787539
     (State or Other Jurisdiction of                      (I.R.S. Employer
      Incorporation or Organization)                     Identification No.)

                                  200 E. Basse
                              San Antonio, TX 78209
          (Address of Principal Executive Offices, Including Zip Code)

                                  210-822-2828
              (Registrant's Telephone Number, Including Area Code)

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))




                       Items to be Included in this Report


Item 8.01.   OTHER EVENTS

On May 6, 2005, Clear Channel Communications, Inc. issued a press release
announcing that it had agreed to purchase 5,690,800 shares of the Company's
common stock from affiliates of Hicks, Muse, Tate & Furst, L.P. at $31.63 per
share, the closing price of its common stock on May 4, 2005. The purpose of this
report is to permit the registrant to file herewith those exhibits listed in
Item 9.01 below.


Item 9.01.   FINANCIAL STATEMENTS AND EXHIBITS

       (c)   Exhibits

       99.1  Press Release of Clear Channel Communications issued May 6, 2005.




                                  Signature(s)

     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: May 6, 2005           By: /s/ HERBERT W. HILL, JR.
                                     -------------------------------------------
                                     Herbert W. Hill, Jr.
                                     Sr. Vice President/Chief Accounting Officer






                                INDEX TO EXHIBITS


99.1   Press Release of Clear Channel Communications issued May 6, 2005.

EX-99.1

                                                                    Exhibit 99.1

                    Clear Channel Purchases Stock

    SAN ANTONIO--(BUSINESS WIRE)--May 6, 2005--On May 5, 2005 Clear
Channel Communications, Inc. (the "Company") (NYSE:CCU) agreed to
purchase 5,690,800 shares of the Company's common stock from
affiliates of Hicks, Muse, Tate & Furst, L.P. at $31.63 per share, the
closing price of our common stock on May 4, 2005. The transaction will
settle and close on May 9, 2005. The Company does not expect this
transaction to have any impact on its previously announced strategic
realignment transactions.

    About Clear Channel Communications, Inc.

    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 in 63 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 Web site at www.clearchannel.com.

    CONTACT: Clear Channel Communications, San Antonio
             Investor Relations:
             Randy Palmer, 210-832-3315
             or
             Corporate Communications:
             Lisa Dollinger, 210-832-3474