content: 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):  August 18, 2003
  
                          Price Communications Corporation
                 (Exact Name of Registrant as Specified in Charter)
  
  
               New York                    1-8309                 13-2991700
     (State or Other Jurisdiction        (Commission             (IRS Employer
           of Incorporation)             File Number)         Identification No.)
  
  
                                45 Rockefeller Plaza
                              New York, New York 10020
                 (Address of principal executive offices) (Zip Code)
  
         Registrant's telephone number, including area code: (212) 757-5600
  
  
  <PAGE>
  
  ITEM 7.       FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
                EXHIBITS.
  
                (c) Exhibit 99.1-- Press Release, dated August 18, 2003.
  
  
  ITEM 12.      RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
  
                On August 18, 2003, Price Communications Corporation announced its
  earnings for the quarter and six months ended June 30, 2003. Attached hereto and
  incorporated by reference as Exhibit 99.1 is the Press Release announcing such
  results.
  
                                          2
  
  <PAGE>
  
  
                                     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.
  
  Date:  August 20, 2003
  
                          PRICE COMMUNICATIONS CORPORATION
  
  
  
                          By: /s/Kim Pressman
                              -----------------------------------
                              Kim Pressman
                              Executive Vice President and Chief Financial Officer
  
  
  
  
  
  
  <PAGE>
  
  Exhibit 99.1
  
                          PRICE COMMUNICATIONS CORPORATION
       News Release                                                Contact:
  
       August 18, 2003                                                Robert Price
                                                                      212-757-5600
  
                          PRICE COMMUNICATIONS CORPORATION
                 REPORTS EARNINGS OF $0.12 FOR SECOND QUARTER 2003
                              COMPARED TO $0.09 IN 2002
  
           Price Communications Corporation announced today results for the
  quarter and six months ended June 30, 2003. The Company reported income from its
  partnership with Verizon of $16 million for the six months ended June 30, 2003
  and $8 million for the quarter ended June 30, 2003.
  
           The following table presents selected unaudited financial data for the
  quarter and six months ended June 30, 2003 and 2002. Results for the two periods
  are not comparable, since the Company disposed of its cellular business on
  August 15, 2002 and instead had income from its partnership with Verizon during
  2003:
  
  <TABLE>
  
  
  
                 UNAUDITED                           THREE MONTHS ENDED        SIX MONTHS ENDED
                 ---------                           ------------------        ----------------
                                                          JUNE 30,                 JUNE 30,
                                                          --------                 --------
  
                                                                        (000's)
                                                                         -----
  <S>                                                <C>         <C>          <C>         <C>
                                                      2003         2002         2003       2002
                                                      ----         ----         ----       ----
  
    EARNINGS FROM PARTNERSHIP                        $8,133          -        $16,189         -
    OTHER INCOME, NET                                 4,170      (16,693)       5,903     (32,941)
    NET INCOME                                        6,314       $5,139       10,870       9,885
    NET INCOME PER SHARE (BASIC)                      $0.12        $0.09        $0.20      $ 0.18
    WEIGHTED AVERAGE SHARES OUTSTANDING              54,384       54,605       54,443      54,670
  
  </TABLE>
  
           In connection with these results, Robert Price, President of the
  Company said:
  
             "We are delighted with the performance of our Verizon
       Wireless of the East partnership supervised by David Benson of
       Verizon Communications. We continue to explore new prudent
       acquisitions including mutual fund companies, cellular
       properties, independent telephone companies, broadcasting
       companies, and converting our company into a closed-end
       investment company."
  
           On August 15, 2002 Price Communications Corporation completed its
  transaction with Verizon, under which the cellular telephone assets of its Price
  Communications Wireless subsidiary were exchanged for a preferred limited
  partnership interest in a new partnership controlled by Verizon Wireless. This
  interest may be exchanged in 2006 into the common stock of Verizon
  Communications, Inc.
  
           Price Communications Corporation is a New York based corporation and
  trades on the NYSE. It is also traded on the Chicago Stock Exchange (symbol:
  PR.M), the Boston Stock Exchange (symbol: PR.B), the Pacific Stock Exchange
  (symbol: PR.P), and trades in Euros on the Frankfurt and Munich Stock Exchanges
  
             THIS PRESS RELEASE CONTAINS CERTAIN FORWARD-LOOKING
       STATEMENTS. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE
       PROJECTED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. SUCH
       FORWARD-LOOKING INFORMATION INVOLVES RISKS AND UNCERTAINTIES THAT
       COULD SIGNIFICANTLY AFFECT EXPECTED RESULTS. THESE RISKS AND
       UNCERTAINTIES ARE DISCUSSED IN THE COMPANY'S SEC FILINGS,
       INCLUDING, BUT NOT LIMITED TO, THE COMPANY'S ANNUAL REPORT ON
       FORM 10-K.
  
                   45 Rockefeller Plaza, New York, New York 10020
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text: 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):  August 18, 2003
  
                          Price Communications Corporation
                 (Exact Name of Registrant as Specified in Charter)
  
               New York                    1-8309                 13-2991700
     (State or Other Jurisdiction        (Commission             (IRS Employer
           of Incorporation)             File Number)         Identification No.)
  
                                45 Rockefeller Plaza
                              New York, New York 10020
                 (Address of principal executive offices) (Zip Code)
  
         Registrant's telephone number, including area code: (212) 757-5600
  ITEM 7.       FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
                EXHIBITS.
  
                (c) Exhibit 99.1-- Press Release, dated August 18, 2003.
  
  ITEM 12.      RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
  
                On August 18, 2003, Price Communications Corporation announced its
  earnings for the quarter and six months ended June 30, 2003. Attached hereto and
  incorporated by reference as Exhibit 99.1 is the Press Release announcing such
  results.
  
                                          2
  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.
  
  Date:  August 20, 2003
  
                          PRICE COMMUNICATIONS CORPORATION
  
                          By: /s/Kim Pressman
                              -----------------------------------
                              Kim Pressman
                              Executive Vice President and Chief Financial Officer
  Exhibit 99.1
  
                          PRICE COMMUNICATIONS CORPORATION
       News Release                                                Contact:
  
       August 18, 2003                                                Robert Price
                                                                      212-757-5600
  
                          PRICE COMMUNICATIONS CORPORATION
                 REPORTS EARNINGS OF $0.12 FOR SECOND QUARTER 2003
                              COMPARED TO $0.09 IN 2002
  
           Price Communications Corporation announced today results for the
  quarter and six months ended June 30, 2003. The Company reported income from its
  partnership with Verizon of $16 million for the six months ended June 30, 2003
  and $8 million for the quarter ended June 30, 2003.
  
           The following table presents selected unaudited financial data for the
  quarter and six months ended June 30, 2003 and 2002. Results for the two periods
  are not comparable, since the Company disposed of its cellular business on
  August 15, 2002 and instead had income from its partnership with Verizon during
  2003:
  
                 UNAUDITED                           THREE MONTHS ENDED        SIX MONTHS ENDED
                 ---------                           ------------------        ----------------
                                                          JUNE 30,                 JUNE 30,
                                                          --------                 --------
  
                                                                        (000's)
                                                                         -----
  2003         2002         2003       2002
                                                      ----         ----         ----       ----
  
    EARNINGS FROM PARTNERSHIP                        $8,133          -        $16,189         -
    OTHER INCOME, NET                                 4,170      (16,693)       5,903     (32,941)
    NET INCOME                                        6,314       $5,139       10,870       9,885
    NET INCOME PER SHARE (BASIC)                      $0.12        $0.09        $0.20      $ 0.18
    WEIGHTED AVERAGE SHARES OUTSTANDING              54,384       54,605       54,443      54,670
  In connection with these results, Robert Price, President of the
  Company said:
  
             "We are delighted with the performance of our Verizon
       Wireless of the East partnership supervised by David Benson of
       Verizon Communications. We continue to explore new prudent
       acquisitions including mutual fund companies, cellular
       properties, independent telephone companies, broadcasting
       companies, and converting our company into a closed-end
       investment company."
  
           On August 15, 2002 Price Communications Corporation completed its
  transaction with Verizon, under which the cellular telephone assets of its Price
  Communications Wireless subsidiary were exchanged for a preferred limited
  partnership interest in a new partnership controlled by Verizon Wireless. This
  interest may be exchanged in 2006 into the common stock of Verizon
  Communications, Inc.
  
           Price Communications Corporation is a New York based corporation and
  trades on the NYSE. It is also traded on the Chicago Stock Exchange (symbol:
  PR.M), the Boston Stock Exchange (symbol: PR.B), the Pacific Stock Exchange
  (symbol: PR.P), and trades in Euros on the Frankfurt and Munich Stock Exchanges
  
             THIS PRESS RELEASE CONTAINS CERTAIN FORWARD-LOOKING
       STATEMENTS. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE
       PROJECTED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. SUCH
       FORWARD-LOOKING INFORMATION INVOLVES RISKS AND UNCERTAINTIES THAT
       COULD SIGNIFICANTLY AFFECT EXPECTED RESULTS. THESE RISKS AND
       UNCERTAINTIES ARE DISCUSSED IN THE COMPANY'S SEC FILINGS,
       INCLUDING, BUT NOT LIMITED TO, THE COMPANY'S ANNUAL REPORT ON
       FORM 10-K.
  
                   45 Rockefeller Plaza, New York, New York 10020