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This document is a proxy statement from Clear Channel Communications, Inc. regarding its 2003 Annual Meeting of Shareholders. The proxy statement provides information on the date, time, and location of the meeting, as well as the two proposals to be voted on: the election of eleven directors, and the ratification of Ernst & Young LLP as the company's independent auditors. It also includes questions and answers about the proxy process, details on director compensation and share ownership, executive compensation, and other required corporate governance disclosures.














































































































