
<PAGE>
 
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                               ----------------
                                     
                                AMENDMENT NO. 3
                               (Final Amendment)     
                                       TO
                                 SCHEDULE 14D-9
 
               SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO
            SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
 
                               ----------------
 
                       ALL AMERICAN COMMUNICATIONS, INC.
                           (NAME OF SUBJECT COMPANY)
 
                       ALL AMERICAN COMMUNICATIONS, INC.
                       (NAME OF PERSON FILING STATEMENT)
 
                               ----------------
 
                    COMMON STOCK, PAR VALUE $.0001 PER SHARE
                CLASS B COMMON STOCK, PAR VALUE $.0001 PER SHARE
                         (TITLE OF CLASS OF SECURITIES)
 
                               ----------------
 
                                   016480105
                                   016480204
                                   016480402
                     (CUSIP NUMBER OF CLASS OF SECURITIES)
 
                                THOMAS BRADSHAW
                            CHIEF FINANCIAL OFFICER
                       ALL AMERICAN COMMUNICATIONS, INC.
                             808 WILSHIRE BOULEVARD
                      SANTA MONICA, CALIFORNIA 90401-1810
                                 (310) 656-1100
  (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSONS AUTHORIZED TO RECEIVE NOTICES
       AND COMMUNICATIONS ON BEHALF OF THE PERSON FILING THIS STATEMENT)
 
                                    COPY TO:
 
                             BARRY L. DASTIN, ESQ.
                  KAYE, SCHOLER, FIERMAN, HAYS & HANDLER, LLP
                      1999 AVENUE OF THE STARS, SUITE 1600
                         LOS ANGELES, CALIFORNIA 90067
                                 (310) 788-1070
 
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ITEM 8. ADDITIONAL INFORMATION TO BE FURNISHED.
     
  Item 8 is amended by the addition of the information set forth in the Press
Release, dated November 5, 1997, a copy of which is attached hereto as Exhibit
12, which information is incorporated herein by reference.      
 
ITEM 9. MATERIAL TO BE FILED AS EXHIBITS.
 
  Item 9 is amended by the addition of the following Exhibit thereto:
     
Exhibit 12    Press Release, dated November 5, 1997    
 
 
                                       1
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                                   SIGNATURE
 
  After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
     
November 5, 1997      
 
                                          ALL AMERICAN COMMUNICATIONS, INC.
                                              
                                          By:  /s/ Thomas Bradshaw
                                             __________________________________
                                          Name:  Thomas Bradshaw
                                          Title: Chief Financial Officer      
 
                                       2
<PAGE>
 
                                 EXHIBIT INDEX
 
<TABLE>    
<CAPTION>
 EXHIBIT NO. TITLE
 ----------- -----
 <C>         <S>
     12      Press Release, dated November 5, 1997
</TABLE>     
 
                                       3
