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: October 24, 2003


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

           TEXAS                       1-9645                  74-1787539
(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 October 23, 2003, Clear Channel Communications, Inc., a Texas
corporation (the "Company"), issued a press release announcing that its Board of
Directors has declared a quarterly cash dividend of $0.10 per share on its
common stock.

         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 October 23, 2003.


                                   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: October 24, 2003                  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, Inc. issued
         October 23, 2003.