AirMedia (AMCN) Posts Wider Q3 Loss

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AirMedia Announces Unaudited Third Quarter 2015 Financial Results

November 17, 2015 5:00 PM EST

BEIJING, Nov. 17, 2015 /PRNewswire/ -- 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, as well as a first-mover in the market of Wi-Fi services on long-haul buses, trains and airplanes, today announced its unaudited financial results for the third quarter ended September 30, 2015.

Third Quarter 2015 Financial Highlights

Pursuant to the agreement to sell 75% equity interest of AirMedia Group Co., Ltd. to Longde Wenchuang Fund Management Co., Ltd. ("Longde Wenchuang"), which was previously announced on June 15, 2015 (the... More