X0206 3 2015-12-03 0 0001334978 Clear Channel Outdoor Holdings, Inc. CCO 0001659525 BROADER MEDIA, LLC 200 EAST BASSE ROAD SUITE 100 SAN ANTONIO TX 78209 0 0 1 0 Class B Common Stock Class A Common Stock 100000000 D Each share of Class B Common Stock of the Issuer is convertible at any time into one share of Class A Common Stock, subject to certain limited exceptions. Each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer, subject to certain limited exceptions, including transfer to affiliates. Clear Channel Holdings, Inc., iHeartCommunications, Inc., iHeartMedia Capital I, LLC, iHeartMedia Capital II, LLC and iHeartMedia, Inc., the direct and indirect parents of the Reporting Person, are indirect beneficial owners of the reported securities. Any conversions are effected on a one-for-one basis. /s/ Lauren E. Dean, as Vice President, Assistant General Counsel and Assistant Secretary 2015-12-09