Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
CALLAGHAN MICHAEL W
   2. Issuer Name and Ticker or Trading Symbol
CINCINNATI BELL INC [CBB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
201 EAST FOURTH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
12/03/2004
(Street)

CINCINNATI, OH 45202		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               49,114.481 D  
Common Stock               7,450 I By Spouse
Common Stock               999.876 I By Trustee of 401k RSP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy (1) $ 12.981             01/02/1998(3) 01/02/2007 Common Stock 6,400   6,400 D  
Option to Buy (2) $ 13.155             01/02/1999(3) 01/02/2006 Common Stock 6,800   6,800 D  
Option to Buy (2) $ 22.375             03/31/2000(3) 03/31/2009 Common Stock 20,000   20,000 D  
Option to Buy (2) $ 22.25             04/01/2001(4) 04/01/1999 Common Stock 400   400 D  
Option to Buy (2) $ 16.7813             09/17/2001(4) 09/17/2009 Common Stock 250,000   250,000 D  
Option to Buy (2) $ 35.9688             01/03/2001(5) 01/03/2010 Common Stock 20,000   20,000 D  
Option to Buy (2) $ 22.8438             01/02/2002(5) 01/02/2011 Common Stock 15,000   15,000 D  
Option to Buy (2) $ 9.645             12/04/2002(5) 12/04/2011 Common Stock 100,000   100,000 D  
Option to Buy (2) $ 3.48             12/05/2003(5) 12/05/2012 Common Stock 100,000   100,000 D  
Option to Buy (2) $ 5.655             12/04/2004(5) 02/04/2013 Common Stock 51,000   51,000 D  
Option to Buy (2) $ 3.7 12/03/2004   A   75,000   12/03/2005(5) 12/03/2014 Common Stock 75,000 (6) 75,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CALLAGHAN MICHAEL W
201 EAST FOURTH STREET
CINCINNATI, OH 45202		       Senior Vice President  

Signatures

 Amy Collins by Power of Attorney for Michael W. Callaghan   12/07/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Option shares granted under the Cincinnati Bell Inc. 1988 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(2) Option shares granted under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(3) 3-Year vesting schedule: 25% one year from grant date; 25% two years from grant date; 50% three years from grant date.
(4) 5-year vesting schedule: 25% third year from grant date; 25% four years from grant date; 50% five years from grant date. Options are subject to accelerated vesting if certain financial targets are met: 15% one year from grant date; 15% two years from grant date; 20% three years from grant date; 25% four years from grant date; 25% five years from grant date.
(5) Options have a 3 year vesting schedule: 28% one year from grant date and 3% for each of the remaining 24 months. Options expire ten years from grant date.
(6) Reporting person will pay option price at time of exercise.

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