X0202 5 2004-12-31 0 0 0000739708 CLEAR CHANNEL COMMUNICATIONS INC CCU 0001212884 MAYS MARK P CLEAR CHANNEL COMMUNICATIONS 200 EAST BASSE ROAD SAN ANTONIO TX 78209 1 1 0 0 President and CEO Common Stock 2004-08-05 5 G 0 93894 A 399599 D Common Stock 2004-08-05 5 G 0 0 D 765693 I by MPM Partners Common Stock 2004-08-05 5 G 0 0 A 765693 I by MPM Partners through Ryan Mays Descendant Trust Common Stock 2004-08-05 5 G 0 0 A 765693 I by MPM Partners through Patrick Mays Descendant Trust Common Stock 2004-08-05 5 G 0 0 A 765693 I by MPM Partners through Andrew Mays Descendant Trust Common Stock 2004-08-05 5 G 0 0 A 765693 I by MPM Partners through Matthew Mays Descendant Trust Common Stock 2004-08-05 5 G 0 0 A 765693 I by MPM Partners through Margaret Mays Descendant Trust Common Stock 2004-08-05 5 G 0 0 A 765693 I by MPM Partners through Daniel Mays Descendant Trust Common Stock 2004-08-12 5 G 0 150000 D 249599 D Common Stock 2004-08-12 5 G 0 150000 A 915693 I by MPM Partners Common Stock 2004-10-05 5 G 0 100000 D 149599 D Common Stock 2004-10-05 5 G 0 100000 A 1015693 I by MPM Partners Common Stock 2004-12-09 5 G 0 32 D 149573 D Represents separate gifts of limited partnership interests in MPM Partners, L.P. to six separate trusts for the benefit of the descendants of the reporting person's six children of which the reporting person also serves as the trustee. Each gift represented a .7255% interest in MPM Partners, L.P. The reporting person disclaims beneficial ownership of CCU common stock held by MPM Partners, L.P. except to the extent of his pecuniary interest therein. Includes 6 shares acquired on October 15, 2004 pursuant to a dividend reinvestment feature of the Clear Channel Communications, Inc. Employee Stock Purchase Plan. This reported item is a gift. Includes 4 shares acquired on July 15, 2004 pursuant to a dividend reinvestment feature of the Clear Channel Communications, Inc. Employee Stock Purchase Plan. 2 of 2 Forms 5. Mark P. Mays 2005-02-11