AirMedia renews concession rights contract in Shanghai airports

BEIJING - 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, announced that it has recently renewed its concession rights contract with JCDecaux Momentum Shanghai Airport Advertising Co., Ltd. to continue to operate digital media in Shanghai Pudong International Airport and Hongqiao International Airport until February 2018.

"This is the second time we renewed the digital frames in two Shanghai airports, which demonstrated our long-term mutually beneficial relationship with JCDecaux Momentum Shanghai Airport Advertising Co., Ltd. The cooperation is expected to benefit both companies. We believe that the upgrading of some media into 98-inch digital totems will create maximum visual impacts, which we expect to generate a better market response," remarked Herman Guo, chairman and chief executive officer of AirMedia.

sourced:traveldailynews.asia