Wednesday, November 12, 2008

Airmedia Financing $180 Million in Nasdaq

Airmedia Finance in NasdaqOn November 12, 2007, Airmedia Group Inc. went public in Nasdaq. Guo Man, the CEO of Airmedia Group Inc. sounded the Nasdaq closing bell to celebrate financing 180 million US dollars.

Airmedia operate the largest digital media network in China dedicated to air travel advertising. The comapny operates over 95% of the digital TV screens that display advertisements in the 15 largest airports in China, according to an August 2007 report of Sinomonitor. The advertising portion of its programs currently accounts for over 80% of the total length of the advertisements played on the digital TV screens for each of the three largest airlines in China. Airmedia operate over 2,000 digital TV screens in airports, and place its programs on over 16,000 digital TV screens on airplanes.

Originally Posted: China Business Daily
Author: Angulo Fu