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                                                                    Exhibit 99.3

CAPSTAR COMMUNICATIONS, INC. AMENDS CONSENT SOLICITATIONS
FROM HOLDERS OF 12 5/8% SERIES E CUMULATIVE EXCHANGEABLE
PREFERRED STOCK

         AUSTIN AND DALLAS, TEXAS, NOVEMBER 5, 1999 -- Capstar Communications,
Inc. (the "Company"), an indirect subsidiary of AMFM Inc. (NYSE:AFM) ("AMFM"),
announced today that it has amended certain terms of its consent solicitation
regarding its 12 5/8% Series E Cumulative Exchangeable Preferred Stock due
October 31, 2006 (the "Preferred Stock"). The purpose of the consent
solicitation is now only to amend the Certificate of Designations, Preferences
and Relative, Participating, Optional and Other Special Rights and
Qualifications, Limitations and Restrictions thereof (the "Certificate of
Designation") governing the Preferred Stock in order to modify certain timing
restrictions on the Company's ability to exchange all shares of Preferred Stock
for the Company's 12 5/8% Senior Subordinated Exchange Debentures due 2006. No
other amendments to the Certificate of Designation are proposed by the consent
solicitation. In addition, the consent solicitation has been extended to 5:00
p.m., New York City time, on Friday, November 12, 1999 (the "Expiration Date").
Prior to the extension, the consent solicitation was set to expire at 5:00
p.m., New York City time, on Monday, November 8 1999. The Company reserves the
right for any reason to further extend or terminate the consent solicitation at
any time prior to 5:00 p.m., New York City time, on the Expiration Date.

         MacKenzie Partners, Inc. is acting as the information agent (the
"Information Agent") and Deutsche Bank Securities Inc. is acting as the consent
agent (the "Consent Agent") for the Consent Solicitation. The Bank of New York
is acting as the depositary for any consents delivered. The consent
solicitation is being made pursuant to a Consent Solicitation Statement, as
amended, and the related Letter of Consent, which more fully set forth the
terms of the consent solicitation. Requests for additional information
concerning the terms and conditions of the consent solicitation and delivery of
consents may be directed to the Information Agent at (800) 322-2885 or the
Consent Agent at (800) 553-2826. Additional copies of the Consent Solicitation
Statement and related documents may be obtained by calling the Information
Agent.

         The Company is an indirect subsidiary of AMFM, the nation's largest
radio broadcasting entity, consisting of the AMFM Radio Group, including the
AMFM Radio Networks and the Chancellor Marketing Group, and the AMFM New Media
Group, including Katz Media and AMFM's Internet operations. Reflecting
announced transactions, the AMFM Radio Group with over 440 stations in 100
markets reaches a weekly listener base of approximately 64 million people. The
AMFM Radio Networks offers syndicated programming nationwide. Chancellor
Marketing Group is a full-service sales promotion firm developing integrated
marketing programs for Fortune 1000 companies. AMFM's Katz Media is the only
full-service media representation firm in the United States serving multiple
types of electronic media. AMFM's Internet operations focus on developing
AMFM's E-commerce web sites, streaming online broadcasts of AMFM's on-air
programming and other media, and promoting emerging Internet and new media
concerns.

         AMFM has entered into a merger agreement with Clear Channel
Communications, Inc. pursuant to which AMFM's stockholders will receive 0.94
shares of Clear Channel common stock for each share of AMFM common stock held
on the record date of the transaction and AMFM will become a wholly owned
subsidiary of Clear Channel. The merger with Clear Channel is not expected to
be consummated until the second half of 2000, and will have no impact on the
tender offer and solicitation.

         This news announcement contains certain forward-looking statements
that are based upon current expectations and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995. Key risks are described in the Company's reports filed with
the U.S. Securities and Exchange Commission. Readers should note that these
statements may be impacted by several factors, including economic changes and
changes in the broadcasting industry generally and, accordingly, the Company's
actual performance and results may vary from those stated herein and the
Company undertakes no obligation to update the information contained herein.
For more information contact:

         Kevin Mischnick
         AMFM Inc.
         Telephone No. (512) 340-7800