CLEAR CHANNEL COMMUNICATIONS INC
8-K, 2000-12-20
ADVERTISING
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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: December 20, 2000


                       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



<PAGE>


ITEM 5. OTHER EVENTS.

         On December  20,  2000,  Clear  Channel  Communications,  Inc., a Texas
corporation (the "Company"),  issued a press release announcing that the Company
extended its offer to exchange Euro  650,000,000  6.50% Notes due 2005 issued by
the  Company in July 2000 for 6.50%  Notes due 2005  which have been  registered
with the U.S. Securities and Exchange Commission.

         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
               December 20, 2000.


                                   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: December 20, 2000            By: /s/ HERBERT W. HILL JR.
                                   --------------------------------------
                                   Herbert W. Hill, Jr.:
                                   Sr. Vice President/Chief Accounting Officer:


<PAGE>


                                INDEX TO EXHIBITS

          99.1 Press  Release  of  Clear  Channel  Communications,  Inc.  issued
               December 20, 2000.





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