UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): September 30, 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 9. REGULATION FD DISCLOSURE.
On Tuesday, September 30, 2003, Lowry Mays, Chairman and Chief
Executive Officer of Clear Channel Communications, Inc. (NYSE:CCU), spoke at the
Goldman Sachs Communacopia Conference where he reaffirmed management's previous
guidance of mid to high single digit EBITDA growth for the company in the third
quarter 2003 versus the third quarter 2002 on both a reported and pro forma
basis.
Certain statements in this Form 8-K constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. The words or phrases "guidance," "expect,"
"anticipate," "estimates" and "forecast" and similar words or expressions are
intended to identify such forward-looking statements. In addition, any
statements that refer to expectations or other characterizations of future
events or circumstances are forward-looking statements. Various risks that could
cause future results to differ from those expressed by the forward-looking
statements included in this Form 8-K include, but are not limited to: changes in
economic conditions in the U.S. and in other countries in which Clear Channel
currently does business (both general and relative to the advertising and
entertainment industries); fluctuations in interest rates; changes in industry
conditions; changes in operating performance; shifts in population and other
demographics; changes in the level of competition for advertising dollars;
fluctuations in operating costs; technological changes and innovations; changes
in labor conditions; changes in governmental regulations and policies and
actions of regulatory bodies; fluctuations in exchange rates and currency
values; changes in tax rates; changes in capital expenditure requirements and
access to capital markets. Other key risks are described in the Clear Channel
Communications' reports filed with the U.S. Securities and Exchange Commission.
Except as otherwise stated in this Form 8-K, Clear Channel Communications does
not undertake any obligation to publicly update or revise any forward-looking
statements because of new information, future events or otherwise.
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: September 30, 2003 By: /s/ Juliana F. Hill
---------------------------------
Juliana F. Hill
Senior Vice President - Finance