September 02, 2014 2:02 PM ET

Media

Company Overview of Focus Media Holding Ltd.

Company Overview

Focus Media Holding Limited, a multi-platform digital media company, operates liquid crystal display (LCD) network using audiovisual digital displays in China. The company engages in selling out-of-home advertising time slots on its network of flat-panel digital advertising displays located in high traffic areas of commercial, residential, and public buildings, such as malls, hotels, and the lobbies of apartment buildings, as well as in-store network. It also provides advertising services on poster frames, on screens in movie theatres, and on traditional outdoor billboards. As of December 31, 2012, the company had a LCD display network of 172,326 flat-panel digital displays placed in approxi...

The Centrium

Unit No. 1

20th Floor

60 Wyndham Street

Central,  

Hong Kong

6,731 Employees

Phone:

852 3752 8009

Key Executives for Focus Media Holding Ltd.

Founder
Age: 41
Chief Financial Officer and Executive Director
Age: 43
Chief Executive Officer of Focus Media Wireless and Executive Vice President of Mobile Handset Advertising
Age: 46
Chief Strategy Officer
Age: 48
Chief Accounting Officer and Financial Controller
Age: 42
Compensation as of Fiscal Year 2014.

Focus Media Holding Ltd. Key Developments

Focus Media Reportedly Mulls IPO In Hongkong

Focus Media Holding Ltd. backed by The Carlyle Group LP (NasdaqGS:CG) and other private equity firms, plans a $1 billion initial public offering (IPO) in Hong Kong early in 2015, IFR reported citing sources familiar with the plans. No banks have been formally mandated for the IPO, added IFR. The deal would come less than one year after Focus Media delisted from the Nasdaq stock market. Carlyle, China Everbright Ltd. (SEHK:165), CITIC Capital Partners, Focus Media Holding Ltd., Fosun International Limited (SEHK:656) and FountainVest Partners acquired Focus Media in May 2013 for $3.8 billion.

Focus Media Holding Ltd.(NasdaqGM:FMCN) dropped from NASDAQ Composite Index

Focus Media Holding Ltd. will be removed from NASDAQ Composite Index.

Focus Media Holding Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012

Focus Media Holding Ltd. reported unaudited consolidated earnings results for the fourth quart er and full year ended December 31, 2012. For the quarter, the company’s aggregate net revenue from LCD display network, in-store network, poster frame network and movie theater network was $244.1 million. This represented a slight decrease of 1% from $247.7 million for the third quarter of 2012 and an increase of 2% from $238.8 million for the fourth quarter of 2011. Net revenue from the traditional outdoor billboard network was $6.1 million, within the company guidance of between $6 million and $7 million. Non-GAAP net income attributable to the company was $95.1 million, slightly increasing from $94.6 million for the third quarter 2012 and a slight decline of 1% from $96 million for the fourth quarter 2011. Non-GAAP net income attributable to the company per fully diluted ADS was $0.71, substantially unchanged from $0.71 per fully diluted ADS for the third quarter of 2012 and an increase of 1% from $0.70 per fully diluted ADS for the fourth quarter of 2011. Net cash inflow from operating activities after deducting the purchase of equipment and subsidiaries was $137.6 million, an increase of 22% from $112.7 million for the fourth quarter of 2011. Operating profit from continuing operations was $100,262,000, non-GAAP operating profit from continuing operations was $114,743,000, profit from continuing operations before income taxes and loss from equity method investee was $103,506,000, non-GAAP profit from continuing operations before income taxes and loss from equity method investee was $119,513,000, net profit from continuing operations was $76,296,000 and non-GAAP net profit from continuing operations was $94,903,000 against operating profit from continuing operations of $96,889,000, non-GAAP operating profit from continuing operations of $115,975,000, profit from continuing operations before income taxes of $100,941,000, non-GAAP profit from continuing operations before income taxes of $120,027,000, net profit from continuing operations of $37,037,000 and non-GAAP net profit from continuing operations of $95,005,000 a year ago. Net income attributable to the company was $76,672,000 or $0.57 per diluted share against $37,093,000 or $0.27 per diluted share a year ago. Net cash provided by operating activities was $142,445,000 against $128,793,000 a year ago. Purchase of equipment and other long term assets was $4,807,000 against $15,494,000 a year ago. GAAP net income attributable to Focus Media was adversely affected by the loss from equity method investee, VisionChina, of $38.9 million. Total net revenue for the fourth quarter of 2012 was $250.2 million. For the full year 2012, aggregate net revenue from LCD display network, in-store network, poster frame network and movie theater network was $895.5 million, representing an increase of 22% from $737 million for the full year of 2011. Net revenue from traditional outdoor billboard network was $32 million, representing a decrease of 35% from $49.5 million for the full year 2011, mainly due to the company downsizing the noncore business. Non-GAAP net income attributable to the company was $333.1 million, representing an increase of 17% from $284.1 million for the full year of 2011. Non-GAAP net income attributable to the company per fully diluted ADS was $2.50, a 22% increase from $2.05 per fully diluted ADS for the full year 2011. Net cash inflow from operating activities after deducting the purchase of equipment and subsidiaries was $335.7 million, representing an increase of 47% from $228 million for the full year of 2011. Operating profit from continuing operations was $315,694,000, non-GAAP operating profit from continuing operations was $387,128,000, profit from continuing operations before income taxes was $331,459,000, non-GAAP profit from continuing operations before income taxes was $404,419,000, net profit from continuing operations was $237,001,000 and non-GAAP net profit from continuing operations was $328,522,000 against operating profit from continuing operations of $245,318,000, non-GAAP operating profit from continuing operations of $321,775,000, profit from continuing operations before income taxes of $260,139,000, non-GAAP profit from continuing operations before income taxes of $336,596,000, net profit from continuing operations of $161,790,000 and non-GAAP net profit from continuing operations of $281,880,000 a year ago. Net income attributable to the company was $238,078,000 or $1.79 per diluted share against $162,677,000 or $1.18 per diluted share a year ago. Net cash provided by operating activities was $358,250,000 against $280,158,000 a year ago. Purchase of equipment and other long term assets was $19,645,000 against $38,918,000 a year ago. Total net revenue for full year 2012 was $927.5 million, an increase of 18% from $786.5 million for full year 2011.

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