November 10, 2008 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS - 10-Q: Quarterly report pursuant to Section 13 or 15(d) | Clear Channel Outdoor Holdings, Inc. (CCO)

Exhibit 11

EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE


	Post-Merger		Pre-Merger
*(In thousands of dollars, except per share data)*	Period from July 31 through September 30,		Period from January 1 through July 30,		Nine Months Ended September 30,
	2008		2008		2007
Numerator:
Net income	$	10,814	$	167,554	$	139,397
Effect of dilutive securities none

Numerator for net income per common share diluted	$	10,814	$	167,554	$	139,397
Denominator:
Weighted average common shares		355,294		355,178		354,797
Effect of dilutive securities		361		563		957

Denominator for net income per common share diluted		355,655		355,741		355,754
Net income per common share:

Basic	$	.03	$	.47	$	.39

Diluted	$	.03	$	.47	$	.39


	Post-Merger		Pre-Merger
*(In thousands of dollars, except per share data)*	Period from July 31 through September 30,		Period from July 1 through July 30,			Three Months Ended September 30,
	2008		2008			2007
Numerator:
Net income	$	10,814	$	(1,699	)	$	54,716
Effect of dilutive securities none

Numerator for net income per common share diluted	$	10,814	$	(1,699	)	$	54,716
Denominator:
Weighted average common shares		355,294		355,294			354,909
Effect of dilutive securities		361		274			893

Denominator for net income per common share diluted		355,655		355,568			355,802
Net income per common share:

Basic	$	.03	$	(.00	)	$	.15

Diluted	$	.03	$	(.00	)	$	.15