X0203 3 2008-07-30 0 0001400891 C C Media Holdings Inc CCMO 0001358706 PAMET CAPITAL MANAGEMENT, LP 222 BERKELEY STREET, 22ND FLOOR BOSTON MA 02116 1 0 0 0 0001165407 PAMET CAPITAL MANAGEMENT LLC 222 BERKELEY STREET, 22ND FLOOR BOSTON MA 02116 1 0 0 0 0001112443 ABRAMS CAPITAL LLC 222 BERKELEY ST. 22ND FLOOR BOSTON MA 02116 1 0 0 0 0001292420 Abrams Capital Partners II, L.P. 222 BERKELEY STREET, 22ND FLOOR BOSTON MA 02116 1 0 0 0 0001320505 Riva Capital Partners L P 222 BERKELEY ST 22ND FL BOSTON MA 02116 1 0 0 0 0001292422 Whitecrest Partners, LP 222 BERKELEY STREET, 22ND FLOOR BOSTON MA 02116 1 0 0 0 0001442184 Abrams Capital International, Ltd. C/O PAMET CAPITAL MANAGEMENT, L.P. 222 BERKELEY STREET, 22ND FLOOR BOSTON MA 02116 1 0 0 0 0001292421 Abrams Capital Partners I, L.P. 222 BERKELEY STREET, 22ND FLOOR BOSTON MA 02116 1 0 0 0 0001442185 Riva Capital Management, LLC 222 BERKELEY STREET 22ND FLOOR BOSTON MA 02116 1 0 0 0 0001426355 Abrams Capital Management, LLC 222 BERKELEY STREET 22ND FLOOR BOSTON MA 02116 1 0 0 0 Class A Common Stock 2480128 I See footnotes Class A Common Stock 1176573 D Class A Common Stock 892846 D Class A Common Stock 205355 D Class A Common Stock 109870 D Class A Common Stock 95484 D These securities represent, in the aggregate, the shares (the "Total Reported Shares") of Class A Common Stock held by the investment funds referenced in the notes below. 1,587,282 of the Total Reported Shares are held by the investment funds referenced in the notes below for which Pamet Capital Management, L.P. (the "LP") serves as investment adviser. Pamet Capital Management, LLC (the "LLC") serves as the general partner of the LP. In their respective capacities, each of the LP and the LLC may be deemed to beneficially own the reported securities. 1,477,412 of the Total Reported Shares are held by the investment funds referenced in the notes below for which Abrams Capital, LLC ("Abrams Capital") serves as general partner. In such capacity, Abrams Capital may be deemed to beneficially own the reported securities. 892,846 of the Total Reported Shares are held by Riva Capital Partners, L.P. for which Riva Capital Management, LLC ("Riva LLC") serves as general partner and for which Abrams Capital Management, LLC ("ACM") serves as investment adviser. In such capacity, Riva LLC and ACM may be deemed to beneficially own the reported securities. Each Reporting Person disclaims beneficial ownership of the Total Reported Shares except to the extent of its pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. These securities are held directly by Abrams Capital Partners II, L.P. and may be deemed to be owned beneficially by the LP, the LLC and Abrams Capital. These securities are held directly by Riva Capital Partners, L.P. and may be deemed to be owned beneficially by Riva LLC and ACM. These securities are held directly by Whitecrest Partners, LP and may be deemed to be owned beneficially by the LP, the LLC and Abrams Capital. These securities are held directly by Abrams Capital International, Ltd. and may be deemed to be owned beneficially by the LP and the LLC. These securities are held directly by Abrams Capital Partners I, L.P. and may be deemed to be owned beneficially by the LP, the LLC and Abrams Capital. David C. Abrams is a director of the Issuer. The reporting persons (the "Abrams Entities") take the position that they are to be deemed directors of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934, because Mr. Abrams, directly or indirectly, controls the investment and voting decisions of the Abrams Entities with respect to the Issuer's securities and because Mr. Abrams serves as a director of the Issuer, in part, to represent the interests of the Abrams Entities. /s/ Pamet Capital Management, L.P., by Pamet Capital Management, LLC, the general partner, by David Abrams, Managing Member 2008-08-08 /s/ Pamet Capital Management, LLC by David Abrams, Managing Member 2008-08-08 /s/ Abrams Capital, LLC, by David Abrams, Managing Member 2008-08-08 /s/ Riva Capital Management, LLC by David Abrams, Managing Member 2008-08-08 /s/ Abrams Capital Management, LLC by David Abrams, Managing Member 2008-08-08 /s/ Abrams Capital Partners II, L.P., by Abrams Capital, LLC, the general partner, by David Abrams, Managing Member 2008-08-08 /s/ Riva Capital Partners, L.P. by Riva Capital Management, LLC, the general partner, by David Abrams, Managing Member 2008-08-08 /s/ Whitecrest Partners, L.P. by Abrams Capital, LLC, the general partner, by David Abrams, Managing Member 2008-08-08 /s/ Abrams Capital International, Ltd. by Pamet Capital Management, L.P., its investment adviser, by Pamet Capital Management, LLC, the general partner, by David Abrams, Managing Member 2008-08-08 /s/ Abrams Capital Partners I, L.P. by Abrams Capital, LLC, the general partner, by David Abrams, Managing Member 2008-08-08