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