X0304 4 2011-11-16 0 0001334978 Clear Channel Outdoor Holdings, Inc. CCO 0001400891 CC Media Holdings Inc 200 EAST BASSE ROAD SAN ANTONIO TX 78209 0 0 1 0 0000739708 CLEAR CHANNEL COMMUNICATIONS INC 200 EAST BASSE ROAD SAN ANTONIO TX 78209 0 0 1 0 0001457737 Clear Channel Capital I, LLC 200 EAST BASSE ROAD SAN ANTONIO TX 78209 0 0 1 0 0001343953 Clear Channel Holdings, Inc. 200 EAST BASSE ROAD SAN ANTONIO TX 78209 0 0 1 0 0001527941 Clear Channel Capital II, LLC 200 EAST BASSE ROAD SAN ANTONIO TX 78209 0 0 1 0 Class A Common Stock 2011-11-16 4 P 0 6202 10.9716 A 1553971 I See footnote. The Reporting Persons are indirect beneficial owners of the reported securities. These shares of Class A Common Stock of the Issuer are directly owned by CC Finco, LLC, which is a direct wholly owned subsidiary of Clear Channel Holdings, Inc., which is a direct wholly owned subsidiary of Clear Channel Communications, Inc., which is a direct wholly owned subsidiary of Clear Channel Capital I, LLC, which is a direct wholly owned subsidiary of Clear Channel Capital II, LLC, which is a direct wholly owned subsidiary of CC Media Holdings, Inc. In addition, as previously reported on Form 3 filings, Clear Channel Holdings, Inc. directly owns 315,000,000 shares of Class B Common Stock of the Issuer, each of which is convertible at any time into one share of the Class A Common Stock, subject to certain limited exceptions. Reflects the purchase of 6,202 shares of Class A Common Stock on November 16, 2011 at the weighted average purchase price of $10.9716. The prices for these shares range from $10.89 to $11.00. The Reporting Persons undertake to provide, upon request by the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price. /s/ Michelle S. Miller, as Attorney- in- Fact on behalf of CC Media Holdings, Inc. 2011-11-22 /s/ Michelle S. Miller, as Attorney- in- Fact on behalf of Clear Channel Capital II, LLC 2011-11-22 /s/ Michelle S. Miller, as Attorney- in- Fact on behalf of Clear Channel Capital I, LLC 2011-11-22 /s/ Michelle S. Miller, as Attorney-in- Fact on behalf of Clear Channel Communications, Inc. 2011-11-22 /s/ Michelle S. Miller, as Attorney- in- Fact on behalf of Clear Channel Holdings, Inc. 2011-11-22