X0201 4 2004-02-11 0000739708 CLEAR CHANNEL COMMUNICATIONS INC CCU 0001096790 MAYS L LOWRY CLEAR CHANNEL COMMUNICATIONS 200 EAST BASSE ROAD SAN ANTONIO TX 78209 1 1 0 0 Chairman and CEO Common Stock 2004-02-11 4 S 0 10000 45.85 D 1227248 D Common Stock 2004-02-11 4 S 0 10000 45.95 D 1217248 D Common Stock 2004-02-11 4 S 0 56400 46.00 D 1160848 D Common Stock 2004-02-11 4 S 0 10000 46.05 D 1150848 D Common Stock 2004-02-11 4 S 0 1900 46.06 D 1148948 D Common Stock 2004-02-11 4 S 0 3900 46.07 D 1145048 D Common Stock 2004-02-11 4 S 0 10300 46.10 D 1134748 D Common Stock 2004-02-11 4 S 0 10000 46.15 D 1124748 D Common Stock 2004-02-11 4 S 0 700 46.21 D 1124048 D Common Stock 2004-02-11 4 S 0 2800 46.22 D 1121248 D Common Stock 2004-02-11 4 S 0 100 46.23 D 1121148 D Common Stock 2004-02-11 4 S 0 400 46.24 D 1120748 D Common Stock 2004-02-11 4 S 0 23600 46.25 D 1097148 D Common Stock 2004-02-11 4 S 0 500 46.26 D 1096648 D Common Stock 2004-02-11 4 S 0 100 46.27 D 1096548 D Common Stock 2004-02-11 4 S 0 800 46.28 D 1095748 D Common Stock 2004-02-11 4 S 0 100 46.29 D 1095648 D Common Stock 2004-02-11 4 S 0 11400 46.30 D 1084248 D Common Stock 2004-02-11 4 S 0 400 46.33 D 1083848 D Common Stock 2004-02-11 4 S 0 900 46.34 D 1082948 D Common Stock 2004-02-11 4 S 0 8700 46.35 D 1074248 D Common Stock 2004-02-11 4 S 0 1200 46.36 D 1073048 D Common Stock 2004-02-11 4 S 0 900 46.38 D 1072148 D Common Stock 2004-02-11 4 S 0 600 46.39 D 1071548 D Common Stock 2004-02-11 4 S 0 11400 46.40 D 1060148 D Common Stock 2004-02-11 4 S 0 400 46.41 D 1059748 D Common Stock 2004-02-11 4 S 0 10000 46.50 D 1049748 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2003. L. Lowry Mays 2004-02-11