Edgar Filing: MAYS L LOWRY

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0362

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1. Name and Address of Reporting Person ^*

MAYS L LOWRY

2. Issuer Name and Ticker or Trading Symbol
CLEAR CHANNEL COMMUNICATIONS INC [CCU]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Executive Chairman

(Last)

(First)

(Middle)

CLEAR CHANNEL COMMUNICATIONS,Â 200 EAST BASSE ROAD

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2005

(Street)

SAN ANTONIO,Â TXÂ 78209

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Reporting
(check applicable line)
_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/13/2005	Â	G	21,640 ⁽¹²⁾	D	$ ⁽¹²⁾	22,886,263	I	By LLM Partners
Common Stock	02/15/2005	Â	G	127,964	D	$ ⁽¹⁾	0 ⁽²⁾	I	By 2003 GRAT #1
Common Stock	02/17/2005	Â	G	1,070,312	D	$ ⁽¹⁾	86,436 ⁽³⁾	D	Â
Common Stock	02/17/2005	Â	G	1,070,312	A	$ ⁽¹⁾	23,956,575	I	By LLM Partners
Common Stock	02/24/2005	Â	G	82,656	D	$ ⁽¹⁾	0 ⁽⁴⁾	I	by 2003 GRAT #2
Common Stock	02/25/2005	Â	G	523,512	D	$ ⁽¹⁾	86,436 ⁽⁵⁾	D	Â
Common Stock	02/25/2005	Â	G	523,512	A	$ ⁽¹⁾	24,480,087	I	by LLM Partners
Common Stock	03/17/2005	Â	G	96,162	D	$ ⁽¹⁾	0 ⁽⁶⁾	I	By 2003 GRAT #3
Common Stock	03/18/2005	Â	G	494,870	D	$ ⁽¹⁾	86,436 ⁽⁷⁾	D	Â
Common Stock	03/18/2005	Â	G	494,870	A	$ ⁽¹⁾	24,974,957	I	By LLM Partners
Common Stock	04/06/2005	Â	G	76,052	D	$ ⁽¹⁾	0 ⁽⁸⁾	I	By 2003 GRAT #4
Common Stock	04/08/2005	Â	G	515,946	D	$ ⁽¹⁾	86,436 ⁽⁹⁾	D	Â
Common Stock	04/08/2005	Â	G	515,946	A	$ ⁽¹⁾	25,490,903	I	by LLM Partners
Common Stock	08/16/2005	Â	G	444,570	D	$ ⁽¹⁾	86,436 ⁽¹⁰⁾	D	Â
Common Stock	08/16/2005	Â	G	444,570	A	$ ⁽¹⁾	25,935,473	I	By LLM Partners
Common Stock	09/30/2005	Â	G	741,834	D	$ ⁽¹⁾	86,436 ⁽¹¹⁾	D	Â
Common Stock	09/30/2005	Â	G	741,834	A	$ ⁽¹⁾	26,677,307	I	By LLM Partners

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MAYS L LOWRY CLEAR CHANNEL COMMUNICATIONS 200 EAST BASSE ROAD SAN ANTONIO,Â TXÂ 78209	Â X	Â	Â Executive Chairman	Â

Signatures

L. Lowry Mays		02/13/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This reported item is a gift.
(2)	Excludes 1,070,312 shares previously held through the 2003 GRAT #1 which were distributed to the reporting person on February 15, 2005 and are now owned directly.
(3)	Reflect direct beneficial ownership following transfer of 1,070,312 shares previously held through the 2003 GRAT #1 which were distributed to the direct beneficial ownership of the reporting person on February 15, 2005.
(4)	Excludes 523,512 shares previously held through the 2003 GRAT #2 which were distributed to the reporting person on February 24, 2005 and are now owned directly.
(5)	Reflects direct beneficial ownership following transfer of 523,512 shares previously held through the 2003 GRAT #2 which were distributed to the direct beneficial ownership of the reporting person on February 24, 2005.
(6)	Excludes 494,870 shares previously held through the 2003 GRAT #3 which were distributed to the reporting person on March 17, 2005 and are now owned directly.
(7)	Reflects direct beneficial ownership following transfer of 494,870 shares previously held through the 2003 GRAT #3 which were distributed to the direct beneficial ownership of the reporting person on March 17, 2005.
(8)	Excludes 515,946 shares previously held through the 2003 GRAT #4 which were distributed to the reporting person on April 6, 2005 and are now owned directly.
(9)	Reflects direct beneficial ownership following transfer of 515,946 shares previously held through the 2003 GRAT #4 whcih were distributed to the direct beneficial ownership of the reporting person on April 6, 2005.
(10)	Reflects direct beneficial ownership following transfer of 444,570 shares held through the 2003 GRAT #5 which were distributed to the direct beneficial ownership of the reporting person on August 12, 2005. This represents all of the shares that were previously held through the 2003 GRAT #5.
(11)	Reflects direct beneficial ownership following transfer of 741,834 shares previously held through the 2003 GRAT #6 which were distributed to the direct beneficial ownership of the reporting person on September 30, 2005. This represents all of the shares that were previously held through the 2003 GRAT #6.
(12)	Represents separate gifts of limited partnership interests in LLM Partners, a limted partnership, to four individuals and 16 trusts. The gifts represent an aggregate 0.868% interest in LLM Partners. The reporting person disclaims beneficial ownership of CCU common stock held by LLM Partners except to the extnent of his pecuniary interest therein.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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