Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  CLEAR CHANNEL COMMUNICATIONS INC
 2. Date of Event Requiring Statement (Month/Day/Year)
11/09/2005		 3. Issuer Name and Ticker or Trading Symbol
Clear Channel Outdoor Holdings, Inc. [CCO]
(Last)
(First)
(Middle)
200 EAST BASSE ROAD		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN ANTONIO, TX 78209		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock   (1)(2)   (1)(2) Class A Common Stock 315,000,000 $ (3) I See footnote. (4)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CLEAR CHANNEL COMMUNICATIONS INC
200 EAST BASSE ROAD
SAN ANTONIO, TX 78209		     X    
Clear Channel Holdings, Inc.
200 EAST BASSE ROAD
SAN ANTONIO, TX 78209		     X    

Signatures

/s/ Herbert W. Hill, Jr., SVP/Chief Acctg. Officer of Clear Channel Communications, Inc. 11/09/2005
**Signature of Reporting Person Date
/s/ Herbert W. Hill, Jr., SVP/Chief Acctg. Officer of Clear Channel Holdings, Inc. 11/09/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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.
(2) 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.
(3) Any conversions are effected on a one-for-one basis.
(4) Clear Channel Communications, Inc. is an indirect beneficial owner of the reported securities. These shares are directly owned by Clear Channel Holdings, Inc., which is a wholly owned subsidiary of Clear Channel Communications, Inc.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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