AirMedia Group Inc. (Nasdaq: AMCN), operator of the largest digital media network in China dedicated to air travel advertising, has announced that it recently obtained the contractual concession rights to install and operate three mega-size LED screens, each measuring 80.2 square meters (or 863.27 square feet) in Guangzhou Baiyun International Airport, from June 1, 2009 to December 31, 2015. The LED screens will be installed above all the domestic security check areas to best cover the Airport’s domestic travelers. Guangzhou Airport, which handled 33.4 million air passengers in 2008, was rated the second largest airport in mainland China in terms of the number of air passengers.
“We are excited to obtain these concession rights in Guangzhou Baiyun International Airport for over six and half years,” commented Herman Guo, chairman and chief executive officer of AirMedia. “Following the signing of our new concession rights in the Beijing and Shenzhen airports in early March, this long-term concession rights contract in Guangzhou Airport further strengthens AirMedia’s leading position in China’s top airports. Looking forward, we will continue to pursue opportunities arising from the economic downturn to further expand our media resources in the top airports, especially in Beijing, Guangzhou, Shanghai and Shenzhen.”