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

AIRMEDIA GROUP INC.

17/F, Sky Plaza
No. 46 Dongzhimenwai Street
Dongcheng District, Beijing 100027
The People’s 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.

Form 20-F þ          Form 40-F 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)(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.

Date: May 10, 2011

EXHIBIT INDEX

Exhibit No.				Description
	99.1			Press release regarding first quarter 2011 financial results
	99.2			Press release regarding appointment of president and director

Exhibit 99.1

AirMedia Announces Unaudited First Quarter 2011 Financial Results

Beijing, China — May 9, 2011 — AirMedia Group Inc. (“AirMedia” or the “Company”) (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced its unaudited financial results for the first quarter ended March 31, 2011.

First Quarter 2011 Financial and Business Highlights

•

Total revenues increased by 25.8% year-over-year to US$61.4 million.

•

Gross profit increased by 65.7% year-over-year to US$3.7 million.

•

Net loss attributable to AirMedia’s shareholders was US$3.9 million, improving from net loss attributable to AirMedia’s shareholders of US$6.5 million in the same period one year ago. Basic and diluted net loss attributable to AirMedia’s shareholders per American Depositary Share (“ADS”) were both US$0.06.

•

Adjusted net loss attributable to AirMedia’s shareholders (non-GAAP), which is net loss attributable to AirMedia’s shareholders excluding share-based compensation expenses and amortization of acquired intangible assets, was US$2.3 million, improving from adjusted net loss attributable to AirMedia’s shareholders (non-GAAP) of US$3.8 million in the same period one year ago. Adjusted basic and diluted net loss attributable to AirMedia’s shareholders per ADS (non-GAAP) were both US$0.03.

•

The Company continued generating positive operating cash flow in excess of capital expenditures in the first quarter of 2011. Other than restricted cash of US$6.9 million, cash and short-term investments increased to US$109.9 million as of March 31, 2011, from US$106.5 million as of December 31, 2010.

We are pleased to report a stronger-than-expected revenue growth in the first quarter of 2011. Our automobile advertisers have demonstrated steady and strong preference to our media platforms by delivering revenue growth of 75.4% year-over-year. Our price increase also contributed to the revenue growth,” commented Herman Guo, chairman and chief executive officer of AirMedia. “We will continue to focus on our strategy of achieving profitable growth.”

“Our core business has demonstrated strong profitable growth in the first quarter of 2011. The non-GAAP loss of $2.3 million was about the same amount as the loss from the newly signed gate bridges contracts at Terminal 3 of Beijing Capital International Airport in the first quarter of 2011,” Ping Sun, AirMedia’s chief financial officer, commented.

First Quarter 2011 Financial Results

Revenues

Total revenues by product line (numbers in US$ 000’s except for percentages):

		Quarter								Quarter								Quarter
		Ended								Ended								Ended								Y/Y				Q/Q
		March 31,				% of Total				December 31,				% of Total				March 31,				% of Total				Growth				Growth
		2011				Revenues				2010				Revenues				2010				Revenues				rate				rate
Air Travel Media Network			56,973				92.9	%			66,634				94.2	%			46,124				94.6	%			23.5	%			-14.5	%
Digital frames in airports			30,192				49.2	%			32,653				46.1	%			22,397				45.9	%			34.8	%			-7.5	%
Digital TV screens in airports			5,209				8.5	%			8,586				12.1	%			6,473				13.3	%			-19.5	%			-39.3	%
Digital TV screens on airplanes			6,799				11.1	%			9,597				13.6	%			6,856				14.1	%			-0.8	%			-29.2	%
Traditional media in airports			13,901				22.7	%			14,209				20.1	%			9,898				20.3	%			40.4	%			-2.2	%
Other revenues in air travel			872				1.4	%			1,589				2.3	%			500				1.0	%			74.4	%			-45.1	%
Gas Station Media Network			1,799				2.9	%			1,559				2.2	%			176				0.4	%			922.2	%			15.4	%
Other Media			2,581				4.2	%			2,569				3.6	%			2,469				5.0	%			4.5	%			0.5	%
Total revenues			61,353				100.0	%			70,762				100.0	%			48,769				100.0	%			25.8	%			-13.3	%
Net revenues			59,901								68,687								47,759								25.4	%			-12.8	%

Total revenues for the first quarter of 2011 reached US$61.4 million, representing a year-over-year increase of 25.8% from US$48.8 million and a quarter-over-quarter decrease of 13.3% from US$70.8 million. The year-over-year increase was primarily due to increases in revenues from digital frames in airports and traditional media in airports. The quarter-over-quarter decrease was due to decreases in revenues from most of the product lines except for gas station media network and other media.

Revenues from digital frames in airports

Revenues from digital frames in airports for the first quarter of 2011 increased by 34.8% year-over-year and decreased by 7.5% quarter-over-quarter to US$30.2 million. The year-over-year increase was due to increases in both the number of time slots sold and the average advertising revenue per time slot sold (the “ASP”). The quarter-over-quarter decrease was due to a decrease in the number of time slots sold, which was partially offset by an increase in the ASP. Please refer to “Summary of Selected Operating Data” below for detailed definitions of the operating data cited in this press release.

The number of time slots sold for the first quarter of 2011 increased by 13.1% year-over-year and decreased by 23.7% quarter-over-quarter to 10,327 time slots. The year-over-year increase was due to continued sales efforts and growing acceptance of AirMedia’s digital frames. The quarter-over-quarter decrease was due to the usual seasonal weakness associated with the Chinese New Year period and the higher ASP in the first quarter of 2011. AirMedia operated digital frames in 35 airports in the first quarter of 2011, up from 32 airports at the end of the first quarter of 2010 and from 34 airports at the end of the fourth quarter of 2010. The number of time slots available for sale for the first quarter of 2011 increased by 13.3% year-over-year and decreased by 2.3% quarter-over-quarter to 34,139 time slots. The year-over-year increase was primarily due to the increase in the number of airports in AirMedia’s digital frame network. The quarter-over-quarter decrease was primarily due to AirMedia’s ceasing to operate the TV-attached digital frames in Hangzhou Xiaoshan International Airport as of March 1, 2011. The utilization rate of digital frames for the first quarter of 2011 remained relatively unchanged year-over-year and decreased by 8.5 percentage points quarter-over-quarter to 30.2%. The quarter-over-quarter decrease was primarily due to the decrease in the number of time slots sold.

The ASP of digital frames for the first quarter of 2011 increased by 19.2% year-over-year and by 21.2% quarter-over-quarter to US$2,924. The year-over-year increase was primarily due to an increase in the listing prices of digital frames in some airports in early 2010, which had only partial impact in the same period one year ago, and lower discounts offered in the first quarter of 2011 than in the same period one year ago. The quarter-over-quarter increase was primarily due to lower discounts offered in the first quarter of 2011 than in the previous quarter and an increase in the listing prices of stand-alone digital frames in all airports starting from January 1, 2011, which had partial impact in the first quarter of 2011.

Revenues from digital TV screens in airports

Revenues from digital TV screens in airports for the first quarter of 2011 decreased by 19.5% year-over-year and by 39.3% quarter-over-quarter to US$5.2 million. The year-over-year and quarter-over-quarter decreases were due to decreases in the number of time slots sold, which was partially offset by increases in the ASP of digital TV screens in the airports.

The number of time slots sold for the first quarter of 2011 decreased by 52.6% year-over-year and by 50.0% quarter-over-quarter to 3,555 time slots. The year-over-year decrease was primarily due to the higher ASP during the quarter, The quarter-over-quarter decrease was primarily due to the usual seasonal weakness associated with the Chinese New Year period, and the higher ASP during the quarter, which resulted in fewer time slots sold when advertisers did not increase their advertising spending at the same speed as the increase in ASP. The number of time slots available for sale for the first quarter of 2011 decreased by 18.5% year-over-year and by 21.7% quarter-over-quarter to 18,780 time slots. The year-over-year and quarter-over-quarter decreases were primarily due to the fact that AirMedia shortened advertising time within each one hour program to 20 minutes from 25 minutes after it became the operator of CCTV’s Air Channel to better attract air travelers’ attention. The change in advertising time only had impact on time slots available for sale and utilization rate, and had no impact on time slots sold and ASP; thus it had no impact on revenues from digital TV screens in airports as this media was not fully utilized in the first quarter of 2011 and in the past. The utilization rate for the first quarter of 2011 decreased by 13.7 percentage points year-over-year and by 10.7 percentage points quarter-over-quarter to 18.9% primarily due to the decreases in the number of time slots sold, which was partially offset by the decreases in the number of time slots available for sale.

The ASP of digital TV screens in airports for the first quarter of 2011 increased by 70.0% year-over-year and by 21.2% quarter-over-quarter to US$1,465. The year-over-year increase was primarily due to the change in mix of time slots sold and lower discounts offered in the first quarter of 2011 than in the same period one year ago. The number of time slots sold in the top three airports, which have significantly higher ASPs than those sold in other airports, accounted for a much higher percentage of total number of time slots sold in the first quarter of 2011 than in the same period one year ago. The quarter-over-quarter increase was primarily due to lower discounts in the first quarter of 2011 than in the previous quarter, and the change in mix of time slots sold. The number of time slots sold in the top three airports, which have significantly higher ASPs than those sold in other airports, accounted for a higher percentage of total number of time slots sold in the first quarter of 2011 than in the previous quarter.

Revenues from digital TV screens on airplanes

Revenues from digital TV screens on airplanes for the first quarter of 2011 decreased slightly year-over-year and by 29.2% quarter-over-quarter to US$6.8 million. The quarter-over-quarter decrease was primarily due to a decrease in the number of time slots sold.

The number of time slots sold for the first quarter of 2011 decreased by 18.9% year-over-year and decreased by 42.3% quarter-over-quarter to 232 time slots. The year-over-year decrease was due to higher ASP during the quarter, which resulted in fewer time slots sold when advertisers did not increase their advertising spending at the same speed as the increase in ASP. The quarter-over-quarter decrease was primarily due to the comparison with an exceptionally good quarter in the previous quarter, and the higher ASP during the quarter, which resulted in fewer time slots sold when advertisers did not increase their advertising spending at the same speed as the increase in ASP. The number of time slots available for sale for the first quarter of 2011 increased by 1.5% year-over-year and decreased by 2.8% quarter-over-quarter to 414 time slots. The year-over-year increase was primarily due to the operation of the digital media on Hainan Airlines’ airplanes, which was partially offset by the termination of operation of digital TV screens on Xiamen Airlines’ airplanes. The quarter-over-quarter decrease was primarily due to the termination of operation of digital TV screens on Xiamen Airlines’ airplanes, which was partially offset by the commencement of operations of advertising time on the Video-on-Demand system and portable multi-media devices in business class and first class on the airplanes of China Southern Airlines, which was sold separately from the advertising time on the digital TV screens on China Southern Airlines’ airplanes. The utilization rate for the first quarter of 2011 decreased by 14.1 percentage points year-over-year and 38.4 percentage points to 56.0%. The year-over-year and quarter-over-quarter decreases were primarily due to the decreases in the number of time slots sold.

The ASP of digital TV screens on airplanes for the first quarter of 2011 increased by 22.3% year-over-year and by 22.8% quarter-over-quarter to US$29,325. The year-over-year and quarter-over-quarter increases in the ASP were primarily due to the change in the mix of the time slots sold and lower discounts offered in the first quarter of 2011 than in the same period one year ago and in the previous quarter. The number of time slots sold on the three largest airlines, which have significantly higher ASPs than those sold on the other airlines, accounted for a higher percentage in the first quarter of 2011 than in the same period one year ago and in the previous quarter.

Revenues from traditional media in airports

Revenues from traditional media in airports for the first quarter of 2011 increased by 40.4% year-over-year and decreased by 2.2% quarter-over-quarter to US$13.9 million. The year-over-year increase was due to increases in both the number of locations sold and the ASP of traditional media in airports. The quarter-over-quarter decrease was due to a decrease in the ASP of traditional media in airports, which was offset by an increase in the number of locations sold.

The number of locations sold for the first quarter of 2011 increased by 32.8% year-over-year and by 3.6% quarter-over-quarter to 522 locations primarily due to continued sales efforts and growing acceptance of AirMedia’s traditional media in airports. The number of locations available for sale for the first quarter of 2011 increased by 28.7% year-over-year and by 16.4% quarter-over-quarter to 875 locations. The year-over-year increase was primarily due to the newly signed billboards and painted advertisement on gate bridges at Terminal 3 of Beijing Capital International Airport in the first quarter of 2011 and the commencement of operations of light boxes in Dalian Zhoushuizi International Airport in September 2010. The quarter-over-quarter increase was primarily due to the newly signed billboards and painted advertisement on gate bridges at Terminal 3 of Beijing Capital International Airport. The utilization rate of traditional media for the first quarter of 2011 increased by 1.9 percentage points year-over-year and decreased by 7.3 percentage points quarter-over-quarter to 59.7%. The year-over-year increase was due to the increase in the number of locations sold, which was partially offset by the increase in the number of locations available for sale. The quarter-over-quarter decrease was primarily due to the increase in the number of locations available for sale.

The ASP of traditional media in airports for the first quarter of 2011 increased by 5.7% year-over-year and decreased by 5.5% quarter-over-quarter to US$26,631. The year-over-year increase was primarily due to lower discounts offered in the first quarter of 2011 than in the same period one year ago and more locations with higher listing prices sold in the first quarter of 2011 than in the same period one year ago. The quarter-over-quarter decrease was primarily due to higher discounts offered in the first quarter of 2011 than in the previous quarter and more locations with lower listing prices sold in the first quarter of 2011 than in the previous quarter.

Revenues from the gas station media network

Revenues from the gas station media network for the first quarter of 2011 increased by 922.2% year-over-year and 15.4% quarter-over-quarter to US$1.8 million.

As of April 30, 2011, AirMedia’s gas station media network had covered total 2,509 Sinopec gas stations. Of these gas stations, 213 are located in Beijing, 310 are in Shanghai, 103 are in Shenzhen and the remaining 1,883 are in 58 other cities.

Revenues from other media

Revenues from other media were primarily revenues from Beijing AirMedia City Outdoor Advertising Co., Ltd., a company AirMedia acquired in January 2010. Revenues from other media increased by 4.5% year-over-year to US$2.6 million, which remained relatively unchanged quarter-over-quarter.

Business tax and other sales tax

Business tax and other sales tax for the first quarter of 2011 were US$1.5 million, compared to US$1.0 million in the same period one year ago and US$2.1 million in the previous quarter. For purposes of calculating the amount of business and other sales tax, concession fees are permitted to be deducted from total revenues under applicable PRC tax law.

Net revenues

Net revenues for the first quarter of 2011 reached US$59.9 million, representing a year-over-year increase of 25.4% from US$47.8 million and a quarter-over-quarter decrease of 12.8% from US$68.7 million.

Cost of Revenues

Cost of revenues for the first quarter of 2011 was US$56.2 million, representing a year-over-year increase of 23.4% from US$45.5 million and a quarter-over-quarter increase of 3.4% from US$54.3 million. The year-over-year increase was primarily due to increases in concession fees, agency fees paid to third-party advertising agencies, and depreciation cost. The quarter-over-quarter increase was primarily due to increases in concession fees. Cost of revenues as a percentage of net revenues in the first quarter of 2011 was 93.8%, compared to 95.3% in the same period one year ago and 79.1% in the previous quarter.

AirMedia incurs concession fees to airports for placing and operating digital frames, digital TV screens, traditional media and other displays in airports, to airlines for playing programs on their digital TV screens, to Sinopec for placing outdoor media in its gas stations, and to other media resources owners for placing unipole signs and other outdoor media.

Concession fees for the first quarter of 2011 increased by 18.5% year-over-year and by 5.8% quarter-over-quarter to US$37.9 million. The year-over-year increase was primarily due to newly signed or renewed concession rights contracts during the period. The quarter-over-quarter increase was primarily due to the newly signed billboards and painted advertisement on gate bridges at Terminal 3 of Beijing Capital International Airport. Concession fees as a percentage of net revenues in the first quarter of 2011 was 63.2%, decreasing from 66.9% in the same period one year ago and increasing from 52.1% in the previous quarter. The year-over-year decrease of concession fees as a percentage of net revenues was primarily due to the fact that revenues continued to ramp up while incremental concession fees grew at a slower pace than revenue growth. The quarter-over-quarter increase of concession fees as a percentage of net revenues was e primarily because newly signed billboards and painted advertisement on gate bridges were a low-margin business and the incremental concession fees associated with these new concession rights contracts were fixed once concession rights contracts were entered into, while revenues generated from newly signed concession rights contracts would take time to ramp up.

Gross Profit/Loss

Gross profit for the first quarter of 2011 was US$3.7 million, representing a year-over-year increase of 65.7% from US$2.2 million and a quarter-over-quarter decrease of 74.2% from US$14.3 million.

Gross profit as a percentage of net revenues for the first quarter of 2011 was 6.2%, compared to 4.7% in the same period one year ago and 20.9% in the previous quarter. The year-over-year increase in gross profit as a percentage of net revenues was primarily due to the increase in net revenues. The quarter-over-quarter decrease in gross profit as a percentage of net revenues was primarily due to the decreases in net revenues and the increase in cost of revenues.

Operating Expenses

Operating expenses (numbers in US$ 000’s except for percentages):

		Quarter								Quarter								Quarter
		Ended								Ended								Ended								Y/Y				Q/Q
		March 31,				% of Net				December 31,				% of Net				March 31,				% of Net				Growth				Growth
		2011				Revenues				2010				Revenues				2010				Revenues				rate				rate
Selling and marketing expenses			4,289				7.2	%			4,866				7.1	%			4,123				8.6	%			4.0	%			-11.9	%
General and administrative expenses			4,854				8.1	%			5,182				7.5	%			6,630				13.9	%			-26.8	%			-6.3	%
Impairment of intangible asset			—				0.0	%			1,000				1.5	%			—				0.0	%			N/A				-100.0	%
Total operating expenses			9,143				15.3	%			11,048				16.1	%			10,753				22.5	%			-15.0	%			-17.2	%
Adjusted operating expenses (non-GAAP)			7,495				12.5	%			8,944				13.0	%			8,069				16.9	%			-7.1	%			-16.2	%

Total operating expenses for the first quarter of 2011 were US$9.1 million, representing a year-over-year decrease of 15.0% from US$10.8 million and a quarter-over-quarter decrease of 17.2% from US$11.0 million.

Total operating expenses for the first quarter of 2011 included share-based compensation expenses of US$709,000, compared to share-based compensation expenses of US$1.8 million in the same period one year ago and share-based compensation expenses of US$1.1 million in the previous quarter. The year-over-year and quarter-over-quarter decreases in share-based compensation expenses were primarily due to the fully vesting on July 2, 2010, July 20, 2010, and November 29, 2010, respectively, of stock options granted on July 2, 2007, July 20, 2007 and November 29, 2007, respectively.

Adjusted operating expenses (non-GAAP) for the first quarter of 2011, which excluded share-based compensation expenses and amortization of acquired intangible assets, were US$7.5 million, representing a year-over-year decrease of 7.1% from US$8.1 million and a quarter-over-quarter decrease of 16.2% from US$8.9 million. Adjusted operating expenses as a percentage of net revenues (non-GAAP) in the first quarter of 2011 was 12.5%, compared to 16.9% in the same period one year ago and 13.0% in the previous quarter.

Please refer to the attached table captioned “Reconciliation of GAAP Operating Expenses to Non-GAAP Adjusted Operating Expenses” for a reconciliation of operating expenses under U.S. GAAP to adjusted operating expenses (non-GAAP).

Selling and marketing expenses for the first quarter of 2011 were US$4.3 million, including share-based compensation expenses of US$281,000. This represented a year-over-year increase of 4.0% from US$4.1 million and a quarter-over-quarter decrease of 11.9% from US$4.9 million. The year-over-year increase was primarily due to higher expenses related to the expansion of the gas station media network and higher sales commissions for direct sales staff. The quarter-over-quarter decrease was primarily due to lower expenses related to the gas station media network and lower sales commissions for direct sales staff.

General and administrative expenses for the first quarter of 2011 were US$4.9 million, including share-based compensation expenses of US$428,000. This represented a year-over-year decrease of 26.8% from US$6.6 million and a quarter-over-quarter decrease of 6.3% from US$5.2 million. The year-over-year decrease was primarily due to lower bad-debt provisions and lower share-based compensation expenses. The quarter-over-quarter decrease was primarily due to lower share-based compensation expenses and lower travel expenses.

Income/Loss from Operations

Loss from operations for the first quarter of 2011 was US$5.4 million, as compared to loss from operations of US$8.5 million in the same period one year ago and income from operations of US$3.3 million in the previous quarter.

Adjusted loss from operations (non-GAAP) for the first quarter of 2011, which excluded share-based compensation expenses and amortization of acquired intangible assets, was US$3.8 million, compared to adjusted loss from operations (non-GAAP) of US$5.8 million in the same period one year ago and adjusted income from operations (non-GAAP) of US$5.4 million in the previous quarter. Adjusted operating margin (non-GAAP) for the first quarter of 2011, which excluded the effect of share-based compensation expenses and amortization of acquired intangible assets, was negative 6.3%, compared to negative 12.2% in the same period one year ago and 7.9% in the previous quarter.

Please refer to the attached table captioned “Reconciliation of GAAP Loss from Operations to Non-GAAP Adjusted Loss from Operations” for a reconciliation of loss from operations under U.S. GAAP to adjusted loss from operations (non-GAAP).

Income Tax Benefits/Expenses

Income tax expenses for the first quarter of 2011 were US$522,000, compared to income tax expenses of US$21,000 in the same period one year ago and income tax benefits of US$418,000 in the previous quarter. The effective income tax rate for the first quarter of 2011 was 11.0%, compared to 0.3% in the same period one year ago and 11.0% in the previous quarter.

Net Income/Loss Attributable to AirMedia’s Shareholders

Net loss attributable to AirMedia’s shareholders for the first quarter of 2011 was US$3.9 million, compared to net loss attributable to AirMedia’s shareholders of US$6.5 million in the same period one year ago and net income attributable to AirMedia’s shareholders of US$5.1 million in the previous quarter. The basic net loss attributable to AirMedia’s shareholders per ADS for the first quarter of 2011 was US$0.06, compared to basic net loss attributable to AirMedia’s shareholders per ADS of US$0.10 in the same period one year ago and basic net income attributable to AirMedia’s shareholders per ADS of US$0.08 in the previous quarter. The diluted net loss attributable to AirMedia’s shareholders per ADS for the first quarter of 2011 was US$0.06, compared to diluted net loss attributable to AirMedia’s shareholders per ADS of US$0.10 in the same period one year ago and diluted net income attributable to AirMedia’s shareholders per ADS of US$0.07 in the previous quarter.

Adjusted net loss attributable to AirMedia’s shareholders (non-GAAP) for the first quarter of 2011, which is net loss attributable to AirMedia’s shareholders excluding share-based compensation expenses and amortization of acquired intangible assets, was US$2.3 million, compared to adjusted net loss attributable to AirMedia’s shareholders (non-GAAP) of US$3.8 million in the same period one year ago and adjusted net income attributable to AirMedia’s shareholders (non-GAAP) of US$7.2 million in the previous quarter. Basic adjusted net loss attributable to AirMedia’s shareholders per ADS (non-GAAP) for the first quarter of 2011 was US$0.03, compared to basic adjusted net loss attributable to AirMedia’s shareholders per ADS (non-GAAP) of US$0.06 in the same period one year ago and basic adjusted net income attributable to AirMedia’s shareholders per ADS (non-GAAP) of US$0.11 in the previous quarter. Diluted adjusted net loss attributable to AirMedia’s shareholders per ADS (non-GAAP) for the first quarter of 2011 was US$0.03, compared to diluted adjusted net loss attributable to AirMedia’s shareholders per ADS (non-GAAP) of US$0.06 in the same period one year ago and diluted adjusted net income attributable to AirMedia’s shareholders per ADS (non-GAAP) of US$0.10 in the previous quarter.

Please refer to the attached table captioned “Reconciliation Of GAAP Net Income (Loss) and EPS To Non-GAAP Adjusted Net Income (Loss) and EPS” for a reconciliation of net income (loss) attributable to AirMedia’s shareholders and basic and diluted net income (loss) attributable to AirMedia’s shareholders per ADS under U.S. GAAP to adjusted net income (loss) attributable to AirMedia’s shareholders (non-GAAP) and basic and diluted adjusted net income (loss) attributable to AirMedia’s shareholders per ADS (non-GAAP).

Cash and Restricted Cash

Other than restricted cash of US$6.9 million, cash totaled US$109.9 million as of March 31, 2011, compared to US$106.5 million as of December 31, 2010. The increase in cash from December 31, 2010 was primarily due to cash flow from operations.

ADS Repurchases

On March 21, 2011, AirMedia’s board of directors authorized AirMedia to repurchase up to US$20 million of its own outstanding American Depositary Shares (“ADSs”) within two years from March 21, 2011. As of May 8, 2011, AirMedia had repurchased an aggregate of 231,183 ADSs on the open market for a total consideration of US$1.1 million.

Management Announcement

On May 5, 2011, AirMedia’s board of directors appointed Mr. James Zhonghua Feng, its former chief operating officer, as president of the Company, effective May 6, 2011. Mr Feng Zhonghua ceased to serve as chief operating officer of the Company, effective on the same day. Mr Feng Zhonghua was also appointed to be a member of the Board of Directors of the Company, effective May 6, 2011.

Other Recent Developments

On May 6, 2011, AirMedia filed its annual report on Form 20-F for the fiscal year ended December 31, 2010, including its audited financial statements for the year, with the U.S. Securities and Exchange Commission.

On March 22, under its 2007 Share Incentive Plan, AirMedia granted certain employees and consultants options to purchase a total of 2,110,000 ordinary shares with the exercise price of US$2.3 per ordinary share, or US$4.6 per ADS. These options will vest on a straight-line basis over a three-year period, with one-twelfth of the options vesting each quarter from the date of grant. The incremental share-based compensation expenses associated with this grant was US$24,000 in the first quarter of 2011 and will be additional approximately US$221,000 in the second quarter of 2011 and each quarter going forward.

On March 21, 2011, AirMedia commenced operations of 14 sets of 65-inch stand-alone digital frames across the airport and 14 sets of 70-inch digital frames at the baggage claim areas of Taiyuan Wusu International Airport.

AirMedia obtained concession rights through two contracts to operate advertisements inside and outside 59 gate bridges located at Terminal 3 of Beijing Capital International Airport from February 1, 2011 to January 31, 2013, and from March 1, 2011 to February 28, 2013, respectively.

Business Outlook

AirMedia currently expects that its total revenues for the second quarter of 2011 will range from US$60.0 million to US$62.0 million, which include revenues of US$2.0 million from gate bridges at Terminal 3 of Beijing Capital International Airport, representing a year-over-year increase of 6.5% to 10.1% from the same period in 2010.

AirMedia currently expects that concession fees will be approximately US$41.3 million in the second quarter of 2011. The quarter-over-quarter increase from the first quarter of 2011 will be primarily due to the full-quarter operations of the newly signed billboards and painted advertisement on gate bridges at Terminal 3 of Beijing Capital International Airport.

The above forecast reflects AirMedia’s current and preliminary view and is therefore subject to change. Please refer to the Safe Harbor Statement below for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

Summary of Selected Operating Data

		Quarter				Quarter				Quarter
		Ended				Ended				Ended				Y/Y				Q/Q
		March 31,				December 31,				March 31,				Growth				Growth
		2011				2010				2010				Rate				Rate
Digital frames in airports
Number of airports in operation			35				34				32				9.4	%			2.9	%
Number of time slots available for sale (2)			34,139				34,950				30,144				13.3	%			-2.3	%
Number of time slots sold (3)			10,327				13,534				9,134				13.1	%			-23.7	%
Utilization rate (4)			30.2	%			38.7	%			30.3	%			-0.1	%			-8.5	%
Average advertising revenue per time slot sold (5)		US$	2,924			US$	2,413			US$	2,452				19.2	%			21.2	%
Digital TV screens in airports
Number of airports in operation			37				38				36				2.8	%			-2.6	%
Number of time slots available for sale (1)			18,780				23,986				23,050				-18.5	%			-21.7	%
Number of time slots sold (3)			3,555				7,103				7,505				-52.6	%			-50.0	%
Utilization rate (4)			18.9	%			29.6	%			32.6	%			-13.7	%			-10.7	%
Average advertising revenue per time slot sold (5)		US$	1,465			US$	1,209			US$	862				70.0	%			21.2	%
Digital TV screens on airplanes
Number of airlines in operation			8				9				8				0.0	%			-11.1	%
Number of time slots available for sale (1)			414				426				408				1.5	%			-2.8	%
Number of time slots sold (3)			232				402				286				-18.9	%			-42.3	%
Utilization rate (4)			56.0	%			94.4	%			70.1	%			-14.1	%			-38.4	%
Average advertising revenue per time slot sold (5)		US$	29,325			US$	23,872			US$	23,972				22.3	%			22.8	%
Traditional Media in airports
Numbers of locations available for sale (6)			875				752				680				28.7	%			16.4	%
Numbers of locations sold (7)			522				504				393				32.8	%			3.6	%
Utilization rate (8)			59.7	%			67.0	%			57.8	%			1.9	%			-7.3	%
Average advertising revenue per location sold (9)		US$	26,631			US$	28,192			US$	25,186				5.7	%			-5.5	%

Notes:

Earnings Conference Call Details

AirMedia will hold a conference call to discuss the first quarter 2011 earnings at 8:00 PM U.S. Eastern Time on May 9, 2011 (5:00 PM U.S. Pacific Time on May 9, 2011; 8:00 AM Beijing/Hong Kong time on May 10, 2011). AirMedia’s management team will be on the call to discuss financial results and operational highlights and answer questions.

Conference Call Dial-in Information

U.S.: +1 800 299 7089
U.K.: +44 207 365 8426
Hong Kong: +852 3002 1672
International: +1 617 801 9714
Pass code: AMCN

A replay of the call will be available for 1 week between 11:00 p.m. on May 9, 2011 and 11:00 p.m. on May 16, 2011, Eastern Time.

Replay Dial-in Information

U.S.: +1 888 286 8010
International: +1 617 801 6888
Pass code: 98441857

Additionally, a live and archived webcast of this call will be available on the Investor Relations section of AirMedia’s corporate website at http://ir.airmedia.net.cn.

Use of Non-GAAP Financial Measures

AirMedia’s management uses non-GAAP financial measures to gain an understanding of AirMedia’s comparative operating performance and future prospects. AirMedia’s non-GAAP financial measures exclude the following non-cash items: (1) share-based compensation expenses, and (2) amortization of acquired intangible assets. Non-GAAP financial measures are used by AirMedia’s management in their financial and operating decision-making, because management believes they reflect AirMedia’s ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. AirMedia’s management believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating AirMedia’s operating performance in the same manner as management does, if they so choose. Specifically, AirMedia believes the non-GAAP financial measures provide useful information to both management and investors by excluding certain charges that the Company believes are not indicative of its core operating results.

The non-GAAP financial measures have limitations. They do not include all items of income and expense that affect AirMedia’s income from operations. Specifically, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measures that exclude certain items under GAAP, do not reflect any benefit that such items may confer to AirMedia. Management compensates for these limitations by also considering AirMedia’s financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with US GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliation of GAAP Net Income (Loss) and EPS and Non-GAAP Adjusted Net Income (Loss) and EPS”, “Reconciliation of GAAP Operating Expenses to Non-GAAP Adjusted Operating Expenses” and “Reconciliation of GAAP Loss from Operations to Non-GAAP Adjusted Income (Loss) from Operations” set forth at the end of this release.

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 35 major airports and digital TV screens in 37 major airports, including most of the 30 largest airports in China. In addition, AirMedia sells advertisements on the routes operated by eight 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 Sinopec’s 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 Business Outlook section and the quotations from management in this announcement, as well as AirMedia Group Inc.’s 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 AirMedia’s 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, Airmedia’s air travel advertising network, Airmedia may be unable to generate sufficient cash flow from its operating activities and its prospects and results of operations could be negatively affected; Airmedia derives most of its 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 its revenues and results of operations; Airmedia’s strategy of expanding its advertising network by building new air travel media platforms and expanding into traditional media in airports may not succeed, and its failure to do so could materially reduce the attractiveness of its network and harm its business, reputation and results of operations; if Airmedia does not succeed in its expansion into gas station and other outdoor media advertising, its future results of operations and growth prospects may be materially and adversely affected; if Airmedia’s customers reduce their advertising spending or are unable to pay Airmedia 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, Airmedia’s revenues and results of operations may be materially and adversely affected; Airmedia faces risks related to health epidemics, which could materially and adversely affect air travel and result in reduced demand for its advertising services or disrupt its operations; if Airmedia is unable to retain existing concession rights contracts or obtain new concession rights contracts on commercially advantageous terms that allow it to operate its advertising platforms, Airmedia may be unable to maintain or expand its network coverage and its business and prospects may be harmed; a significant portion of Airmedia’s 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, Airmedia’s ability to generate revenues and its results of operations would be materially and adversely affected; Airmedia’s limited operating history makes it difficult to evaluate its future prospects and results of operations; and other risks outlined in AirMedia’s 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

AirMedia Group Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In U.S. dollars in thousands)

		March 31,				December 31,
		2011				2010
ASSETS:
Current assets:
Cash			109,878				106,505
Restricted cash			6,852				6,798
Accounts receivable, net			69,198				62,455
Prepaid concession fees			27,056				31,787
Amount due from related party			431				306
Other current assets			2,568				2,713
Deferred tax assets — current			4,925				5,050
Total current assets			220,908				215,614
Property and equipment, net			68,889				71,720
Long-term investments			1,786				1,714
Long-term deposits			14,809				13,874
Deferred tax assets — non-current			6,567				6,032
Acquired intangible assets, net			16,692				17,496
Goodwill			20,899				20,736
Total assets			350,550				347,186
LIABILITIES AND EQUITY:
Current liabilities:
Accounts payable (including accounts payable of the consolidated variable interest entities without recourse to AirMedia Group Inc. $38,286 and $44,830 as of December 31, 2010 and March 31, 2011, respectively)			45,574				39,020
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated variable interest entities without recourse to AirMedia Group Inc. $7,078 and $5,491 as of December 31, 2010 and March 31, 2011, respectively)			10,028				12,253
Deferred revenue (including deferred revenue of the consolidated variable interest entities without recourse to AirMedia Group Inc. $12,751 and $13,787 as of December 31 2010 and March 31, 2011, respectively)			13,815				12,751
Income tax payable (including income tax payable of the consolidated variable interest entities without recourse to AirMedia Group Inc. $911 and $1,739 as of December 31, 2010 and March 31, 2011, respectively)			2,094				1,263
Amounts due to related parties (including amounts due to related parties of the consolidated variable interest entities without recourse to AirMedia Group Inc. $422 and $425 as of December 31, 2010 and March 31, 2011, respectively)			425				422
Total current liabilities			71,936				65,709
Deferred tax liability — non-current (including deferred tax liabilities- non-current of the consolidated variable interest entities without recourse to AirMedia Group Inc. $4,761 and $4,557 as of December 31, 2010 and March 31, 2011, respectively)			4,557				4,761
Total liabilities			76,493				70,470
Equity
Ordinary shares			132				132
Additional paid-in capital			278,176				277,676
Statutory reserves			7,671				7,671
Accumulated deficits			(32,066	)			(28,164	)
Accumulated other comprehensive income			20,400				18,353
Total AirMedia Group Inc.’s shareholders’ equity			274,313				275,668
Noncontrolling interests			-256				1,048
Total equity			274,057				276,716
Total liabilities and equity			350,550				347,186

AirMedia Group Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In U.S. dollars in thousands, except share and ADS related data)

		Three Months Ended
		March 31,				December 31,				March 31,
		2011				2010				2010
Revenues			61,353				70,762				48,769
Business tax and other sales tax			(1,452	)			(2,075	)			(1,010	)
Net revenues			59,901				68,687				47,759
Cost of revenues			56,195				54,343				45,523
Gross profit			3,706				14,344				2,236
Operating expenses:
Selling and marketing *			4,289				4,866				4,123
General and administrative *			4,854				5,182				6,630
Impairment of intangible assets			—				1,000				—
Total operating expenses			9,143				11,048				10,753
Income/ (loss) from operations			(5,437	)			3,296				(8,517	)
Interest income			355				188				237
Gain on remeasurements of fair value of cost and equity method investments (net)			—				—				919
Other income, net			336				328				229
Income/ (loss) before income taxes and share of income on equity method investments			(4,746	)			3,812				(7,132	)
Income tax benefits (expenses)			(522	)			418				(21	)
Net income/ (loss) before share of income on equity method investments			(5,268	)			4,230				(7,153	)
Share of income on equity method investments			58				31				154
Net income/ (loss)			(5,210	)			4,261				(6,999	)
Less: Net loss attributable to noncontrolling interests			(1,308	)			(849	)			(494	)
Net income/ (loss) attributable to AirMedia Group Inc.’s shareholders			(3,902	)			5,110				(6,505	)
Net income/ (loss) attributable to AirMedia Group Inc.’s shareholders per ordinary share
Basic			(0.03	)			0.04				(0.05	)
Diluted			(0.03	)			0.04				(0.05	)
Net income/ (loss) attributable to AirMedia Group Inc.’s shareholders per ADS
Basic			(0.06	)			0.08				(0.10	)
Diluted			(0.06	)			0.07				(0.10	)
Weighted average ordinary shares outstanding used in computing net income/ (loss) per ordinary share — basic			131,876,085				131,502,583				131,154,704
Weighted average ordinary shares outstanding used in computing net income/ (loss) per ordinary share — diluted			131,876,085				137,419,791				131,154,704
* Share-based compensation charges included are as follow:
Selling and marketing			281				370				514
General and administrative			428				776				1,254

AirMedia Group Inc.
RECONCILIATION OF GAAP NET INCOME (LOSS) AND EPS TO NON-GAAP ADJUSTED NET INCOME (LOSS) AND EPS
(In U.S. dollars in thousands, except share and ADS related data)

		Three Months Ended
		March 31,				December 31,				March 31,
		2011				2010				2010
Net income/ (loss) attributable to AirMedia Group Inc.’s shareholders (GAAP)			(3,902	)			5,110				(6,505	)
Amortization of acquired intangible assets			939				958				916
Share-based compensation			709				1,146				1,768
Adjusted net income/ (loss) attributable to AirMedia Group Inc.’s shareholders (non-GAAP)			(2,254	)			7,214				(3,821	)
Adjusted net income/ (loss) attributable to AirMedia Group Inc.’s shareholders per share (non-GAAP)
Basic			(0.02	)			0.05				(0.03	)
Diluted			(0.02	)			0.05				(0.03	)
Adjusted net income/ (loss) attributable to AirMedia Group Inc.’s shareholders per ADS (non-GAAP)
Basic			(0.03	)			0.11				(0.06	)
Diluted			(0.03	)			0.10				(0.06	)
Shares used in computing adjusted basic net income/ (loss) attributable to AirMedia Group Inc.’s shareholders per share (non-GAAP)			131,876,085				131,502,583				131,154,704
Shares used in computing adjusted diluted net income/ (loss) attributable to AirMedia Group Inc.’s shareholders per share (non-GAAP)			131,876,085				137,419,791				131,154,704

AirMedia Group Inc.
RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP ADJUSTED OPERATING EXPENSES
(In U.S. dollars in thousands except for percentages)

		Three Months Ended
		March 31,				December 31,				March 31,
		2011				2010				2010
Operating expenses (GAAP)			9,143				11,048				10,753
Amortization of acquired intangible assets			939				958				916
Share-based compensation			709				1,146				1,768
Adjusted operating expenses (non-GAAP)			7,495				8,944				8,069
Adjusted operating expenses as a percentage of net revenues (non-GAAP)			12.5	%			13.0	%			16.9	%

AirMedia Group Inc.
RECONCILIATION OF GAAP INCOME (LOSS) FROM OPERATIONS TO NON-GAAP ADJUSTED INCOME (LOSS) FROM OPERATIONS
(In U.S. dollars in thousands except for percentage)

		Three Months Ended
		March 31,				December 31,				March 31,
		2011				2010				2010
Income/ (loss) from operations			(5,437	)			3,296				(8,517	)
Amortization of acquired intangible assets			939				958				916
Share-based compensation			709				1,146				1,768
Adjusted income/ (loss) from operations (non-GAAP)			(3,789	)			5,400				(5,833	)
Adjusted operating margin (non-GAAP)			-6.3	%			7.9	%			-12.2	%

Exhibit 99.2

AirMedia Appoints James Zhonghua Feng as President and Director

Beijing, China — May 9, 2011 — 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 the appointment of James Zhonghua Feng as president and a member of the Board of Directors of AirMedia, effective May 6, 2011. Mr. Feng ceased to serve as chief operating officer of AirMedia, effective May 6, 2011.

“I am pleased to announce the internal promotion of Mr. Feng, who has been leading our sales team since October 2005. We have a stable and dedicated management team that can lead the Company from one success to another. As our president, Mr. Feng will continue to oversee our overall sales organization and deploy our resources to achieve our sales target,” remarked Herman Guo, chairman and chief executive officer of AirMedia.

About James Zhonghua Feng

Mr. James Zhonghua Feng has served as chief operating officer of AirMedia since October 2005. Before joining AirMedia in 2005, he served as the general manager of New Chang’an Media Advertising Company from 2004 to 2005. From 2002 to 2004, Mr. Feng served as the deputy general manager of Beijing Tianzhi Creative Advertising Company. Prior to that, he was the general manager of the Beijing and Shanghai branches of Shenzhen Nantong Umbrella Industry Group Co., Ltd. Mr. Feng received his bachelor’s degree in Chinese literature from Sichuan Normal University in China in 1993 and an EMBA degree from Peking University in China.

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 Sinopec’s 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 quotation from management in this announcement as well as AirMedia’s 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 AirMedia’s 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, Airmedia’s air travel advertising network, Airmedia may be unable to generate sufficient cash flow from its operating activities and its prospects and results of operations could be negatively affected; Airmedia derives most of its 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 its revenues and results of operations; Airmedia’s strategy of expanding its advertising network by building new air travel media platforms and expanding into traditional media in airports may not succeed, and its failure to do so could materially reduce the attractiveness of its network and harm its business, reputation and results of operations; if Airmedia does not succeed in its expansion into gas station and other outdoor media advertising, its future results of operations and growth prospects may be materially and adversely affected; if Airmedia’s customers reduce their advertising spending or are unable to pay Airmedia 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, Airmedia’s revenues and results of operations may be materially and adversely affected; Airmedia faces risks related to health epidemics, which could materially and adversely affect air travel and result in reduced demand for its advertising services or disrupt its operations; if Airmedia is unable to retain existing concession rights contracts or obtain new concession rights contracts on commercially advantageous terms that allow it to operate its advertising platforms, Airmedia may be unable to maintain or expand its network coverage and its business and prospects may be harmed; a significant portion of Airmedia’s 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, Airmedia’s ability to generate revenues and its results of operations would be materially and adversely affected; Airmedia’s limited operating history makes it difficult to evaluate its future prospects and results of operations; and other risks outlined in AirMedia’s 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