Aggregated China Business Blogs



Focus Media Loses Steam, Internet Advertising Drops

Aggregated Source: ChinaTechNews.com
June 6, 2008|

Chinese digital media firm Focus Media (FMCN) announced its unaudited financial results for the first quarter ended March 31, 2008 and said net loss was USD53.8 million, which includes a non-recurring loss of USD79.3 million resulting from the restructuring of its lackluster mobile handset advertising business. More bad news came in a statement from CEO Dr. [...]

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