X0305 4 2012-03-26 0 0001334978 Clear Channel Outdoor Holdings, Inc. CCO 0001254395 WALLS ROBERT H JR C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC. 200 EAST BASSE ROAD SAN ANTONIO TX 78209 0 1 0 0 See remarks Class A Common Stock 2012-03-26 4 A 0 253164 0 A 253164 D The reported item represents a restricted stock unit award. The restricted stock units will vest in two installments as follows: 126,582 units will vest on 3/26/2015 and 126,582 units will vest on 3/26/2016. Upon vesting of the restricted stock units, the reporting person shall be entitled to receive a number of shares of Class A Common Stock equal to the number of restricted stock units then vesting. The reporting person received the restricted stock unit award under the Clear Channel Outdoor Holdings, Inc. 2005 Stock Incentive Plan. Mr. Walls' title is Executive Vice President, General Counsel and Secretary. Exhibit 24.0 Power of Attorney /s/ Michelle S. Miller, as Attorney-in-Fact on behalf of Robert H. Walls, Jr. 2012-03-28