Key Developments For AirMedia Group Inc.
AirMedia Group Inc. (AMCN.O) (Consolidated Issue listed on NASDAQ Global Market)
AirMedia Group Inc. Issues Q4 2009 Revenue Outlook In Line With Analysts' Estimates
AirMedia Group Inc. announced that for the fourth quarter of 2009, it expects total revenues to be in an amount ranging from USD44.0 to USD46.0 million. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of USD45.8 million for the same period.
AirMedia Group Inc. To Exclusively Operate Digital Frames And Extend Digital TV Screen Contract in Shanghai's Airports
AirMedia Group Inc. announced that it has entered into a concession rights contract with JCDecaux Momentum Shanghai Airport Advertising Co., Ltd. under which AirMedia will exclusively operate digital TV screens and digital frames in Shanghai Pudong International Airport and Hongqiao International Airport from September 1, 2009, to February 15, 2012. The contract grants AirMedia concession rights to operate digital frames at both terminals of Pudong airport and the existing terminal of Hongqiao airport starting from September 1, 2009. It also grants AirMedia concession rights to operate digital frames at Terminal 2 of Hongqiao airport which is under construction and scheduled to commence operations before the opening of the World Expo 2010 in Shanghai. The expiration date of AirMedia's existing concession rights to operate digital TV screens at Terminal 1 of Pudong airport and Terminal 1 of Hongqiao airport has been extended from September 19, 2010, to February 15, 2012.
AirMedia Group Inc. Issues Q3 2009 Revenue Outlook Below Analysts' Estimates
AirMedia Group Inc. announced that for the third quarter of 2009, it expects total revenues to be in an amount ranging from USD37.0 million to USD40.0 million, representing a year-over-year increase of 9.8% to 18.7% from the same period in 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of USD43.9 million for the third quarter of 2009.
Intel Corporation And AirMedia Group Inc. Cooperate To Deploy Digital Signage Solutions
Intel China Ltd., a subsidiary of Intel Corporation and AirMedia Group Inc. (AirMedia) announced that they have entered into a strategic collaboration on digital signage solutions. AirMedia will install digital signage appliances on several hundred digital frames at Terminal 3 of the Beijing Capital International Airport, followed by wider installation in airports throughout China.
AirMedia Group Inc. Issues Q2 2009 Revenue Outlook Slightly Below Analysts' Estimates
AirMedia Group Inc. announced that for the second quarter of 2009, it expects total revenues to be in an amount ranging from USD36.0 million to USD38.0 million, representing a year-over-year increase of 20.9% to 27.6% from the same period in 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $38.7 million for the second quarter of 2009.
