Clear Channel Outdoor Holdings (CCO)

Gain on Disposition of Assets — Net

Three Months

The gain on disposition of assets — net for the three months ended September 30, 2008 increased $3.6 million from $0.4 million in 2007 to $4.0 million in 2008. During the third quarter of 2008, we recorded a $1.7 million gain on the sale of International street furniture.

Nine Months

The gain on disposition of assets — net for the nine months ended September 30, 2008 was $12.5 million. During the first quarter of 2008, we exchanged assets in one of our Americas markets for assets located in a different market and recognized a gain of $2.6 million in “Gain on disposition of assets – net.” During the second quarter of 2008, we recorded a $4.0 million gain on sale of property. In addition, $1.7 million in the third quarter of 2008 was due to the item discussed above. The gain in 2007 primarily related to $5.5 million for the sale of International street furniture assets.

Gain on Disposition of Assets — Net

The gain on disposition of assets — net for the three months ended June 30, 2008 increased $4.9 million from $1.2 million in 2007 to $6.1 million in 2008. During the second quarter of 2008, we recorded a $4.0 million gain on sale of property.

The gain on disposition of assets — net for the six months ended June 30, 2008 was $8.5 million primarily due to the item discussed above. In addition during the first quarter of 2008, we exchanged assets in one of our Americas markets for assets located in a different market and recognized a gain of $2.6 million in “Gain on disposition of assets – net.” The gain in 2007 primarily related to $5.5 million for the sale of International street furniture assets.

Gain on Disposition of Assets — Net

The gain on disposition of assets – net for the three months ended March 31, 2008 decreased $4.7 million from $7.1 million in 2007 to $2.4 million in 2008. During the first quarter of 2008, we exchanged assets in one of our Americas markets for assets located in a different market and recognized a gain of $2.6 million in “Gain on disposition of assets – net.” The gain in 2007 primarily related to $5.5 million for the sale of International street furniture assets.

Gain on the Disposition of Assets — Net

The gain on disposition of assets – net of $11.8 million for the year ended December 31, 2007, primarily related to an $8.9 million gain from the sale of street furniture assets and land in our International segment.

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The gain on disposition of assets – net of $22.8 million for the year ended December 31, 2006, primarily related to a $13.2 million gain in our Americas segment from the exchange of assets in one of our markets for the assets of a third party located in a different market.

Gain on the Disposition of Assets — Net

The gain on disposition of assets – net of $11.8 million for the year ended December 31, 2007, primarily related to an $8.9 million gain from the sale of street furniture assets and land in our International segment.

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The gain on disposition of assets – net of $22.8 million for the year ended December 31, 2006, primarily related to a $13.2 million gain in our Americas segment from the exchange of assets in one of our markets for the assets of a third party located in a different market.