Focus Media Holding Ltd<FMCN>, which is principally engaged in out-of-home advertising in China, on Friday posted US$23 million of widening net loss in the second quarter of this year ended Jun. 30, compared with net loss of US$5.7 million in a quarter earlier. The firm saw a loss of US$0.18 per fully...
Web portal operator Sina Corp<SINA>may be blocked from acquiring Focus Media<FMCN>, a leading outdoor advertising firm, due to anti-monopoly concerns, Reuters reported.China's Ministry of Commerce is saying the application for the merger is incomplete and that the proposed deal fails to meet the...
Web portal Sina Corp's acquisition of Focus Media<FMCN> is still waiting for approval from China's Ministry of Commerce (MOF), which is conducting an antitrust review of the deal, said Focus Media CFO Yang Deyi, sources reported....
Focus Media Holding Ltd<FMCN>, which is principally engaged in outdoor advertising in China, on Jun. 20 announced that it recorded US$66.7 million in net revenue from continuing operations in the first quarter of this year, a year-on-year decline of 14% or a quarter-on-quarter decline of 24%, sources reported....
The sales staff of Focus Media Holding Ltd<FMCN>, a Chinese company that operates outdoor audiovisual advertising networks across the country, face the possibility of a 50% salary cut if they are unable to achieve their sales targets, according to an e-mail sent internally by the company's CEO Jason...
Focus Media Holding Ltd<FMCN>, which operates outdoor audiovisual advertising networks in China, announced on Mar. 23 that it recorded US$800.3 million in net loss for the fourth quarter of last year, following a net profit of US$51.3 million in the third quarter, sources reported. During October, November...
Feb. 24, 2009 (China Knowledge) - Fosun International Ltd (Fosun)<656> purchased 33.84 million American Depository Shares (ADSs) in Focus Media Holding Ltd (Focus Media)<FMCN> from Nov. 17 to Feb. 19 on the Nasdaq Stock Market, according to the company's filing with the Hong Kong Stock Exchange (HKEx).
Sina Corp<SINA>, China's largest Internet portal, Monday announced that it dropped the merger plan with Focus Media Holding Ltd<FMCN>, as the deal failed to get the approval from China's Ministry of Commerce.Jason Jiang, chairman of Focus Media, showed his disappointment about the decision, which...
Focus Media Holding Ltd<FMCN>, which is principally engaged in out-of-home advertising in China, will issue 75 million ordinary shares to Jason Jiang, Founder and CEO of the firm, sources reported.Jiang will pay US$142 million in total for the shares priced at US$1.899 apiece, according to a statement released...
Sina鈥檚 application to buy the core assets of Focus Media is incomplete, China鈥檚 Ministry of Commerce (MOFCOM) said yesterday, amid speculation regulators may reject the deal. The MOFCOM received Sina鈥檚 application in February and supplementary information from Sina and Focus on four differe...