Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of January 2011
Commission File Number: 001-33765
AIRMEDIA GROUP INC.
17/F, Sky Plaza
No. 46 Dongzhimenwai Street
Dongcheng District, Beijing 100027
The Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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AIRMEDIA GROUP INC.
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By: |
/s/ Xiaoya Zhang
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Name: |
Xiaoya Zhang |
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Title: |
President |
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Date: January 3, 2011
Exhibit Index
Exhibit 99.1 Press Release
Exhibit 99.1
Exhibit 99.1
AirMedia Renews its Concession Rights Contract with China Eastern Airlines for Ten Years
Beijing, China December 30, 2010 AirMedia Group Inc. (AirMedia) (Nasdaq: AMCN), a leading
operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today
announced that it recently renewed its concession rights contract with China Eastern Airlines to
operate digital TV screens on its airplanes on an exclusive basis for ten years until December 31,
2020.
China Eastern Airlines is one of the top three airlines in China. Our successful renewal with
China Eastern Airlines further secures our concession rights with major airlines for the long term.
Following our recent renewals of concession rights contracts with Terminal 3 of the Beijing airport
and China Southern Airlines, each for five years, we notice that airports and airlines now become
willing to commit to longer-term contracts with their trusted business partners. As a leading air
travel advertising platform operator, AirMedia will benefit from this development, remarked Herman
Guo, chairman and chief executive officer of AirMedia.
About AirMedia Group Inc.
AirMedia Group Inc. (Nasdaq: AMCN) is a leading operator of out-of-home advertising platforms in
China targeting mid-to-high-end consumers. AirMedia operates the largest digital media network in
China dedicated to air travel advertising. AirMedia operates digital frames in 34 major airports,
including the 15 largest airports in China. AirMedia also operates digital TV screens in 38 major
airports, including 26 out of the 30 largest airports in China. In addition, AirMedia sells
advertisements on the routes operated by nine airlines, including the four largest airlines in
China. In selected major airports, AirMedia also operates traditional media platforms, such as
billboards and light boxes, and other digital media, such as mega LED screens.
In addition, AirMedia has obtained exclusive contractual concession rights until the end of 2014 to
develop and operate outdoor advertising platforms at Sinopecs service stations located throughout
China.
For more information about AirMedia, please visit http://www.airmedia.net.cn.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the safe
harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as will, expect, anticipate,
future, intend, plan, believe, estimate, confident and similar statements. Among other
things, the quotations from management in this announcement, as well as AirMedias strategic and
operational plans, contain forward-looking statements. AirMedia may also make written or oral
forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its
annual report to shareholders, in press releases and other written materials and in oral statements
made by its officers, directors or employees to third
parties. Statements that are not historical facts, including statements about AirMedias beliefs
and expectations, are forward-looking statements. Forward-looking statements involve inherent risks
and uncertainties. A number of important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Potential risks and uncertainties include,
but are not limited to: if advertisers or the viewing public do not accept, or lose interest in,
our air travel advertising network, we may be unable to generate sufficient cash flow from our
operating activities and our prospects and results of operations could be negatively affected; we
derive most of our revenues from the provision of air travel advertising services, and any slowdown
in the air travel advertising industry in China may materially and adversely affect our revenues
and results of operations; our strategy of expanding our advertising network by building new air
travel media platforms and expanding into traditional media in airports may not succeed, and our
failure to do so could materially reduce the attractiveness of our network and harm our business,
reputation and results of operations; if we do not succeed in our expansion into gas station and
other outdoor media advertising, our future results of operations and growth prospects may be
materially and adversely affected; if our customers reduce their advertising spending or are unable
to pay us in full, in part or at all for a period of time due to an economic downturn in China
and/or elsewhere or for any other reason, our revenues and results of operations may be materially
and adversely affected; we face risks related to health epidemics, which could materially and
adversely affect air travel and result in reduced demand for our advertising services or disrupt
our operations; if we are unable to retain existing concession rights contracts or obtain new
concession rights contracts on commercially advantageous terms that allow us to operate our
advertising platforms, we may be unable to maintain or expand our network coverage and our business
and prospects may be harmed; a significant portion of our revenues has been derived from the five
largest airports and three largest airlines in China, and if any of these airports or airlines
experiences a material business disruption, our ability to generate revenues and our results of
operations would be materially and adversely affected; our limited operating history makes it
difficult to evaluate our future prospects and results of operations; and other risks outlined in
AirMedias filings with the U.S. Securities and Exchange Commission. AirMedia does not undertake
any obligation to update any forward-looking statement, except as required under applicable law.
Investor Contact:
Raymond Huang
Senior Director of Investor Relations
AirMedia Group Inc.
Tel: +86-10-8460-8678
Email: ir@airmedia.net.cn
Caroline Straathof
IR Inside
Tel: +31-6-54624301
Email: info@irinside.com