BEIJING, Aug 26, 2009 /PRNewswire-Asia-FirstCall via COMTEX News Network/ --

AirMedia Group Inc. (Nasdaq:AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced that it entered into a concession rights contract with JCDecaux Momentum Shanghai Airport Advertising Co., Ltd. under which AirMedia will exclusively operate digital TV screens and digital frames in Shanghai Pudong International Airport and Hongqiao International Airport from September 1, 2009 to February 15, 2012.

The contract grants AirMedia concession rights to operate digital frames at both terminals of Pudong airport and the existing terminal of Hongqiao airport starting from September 1, 2009. It also grants AirMedia concession rights to operate digital frames at Terminal 2 of Hongqiao airport which is under construction and scheduled to commence operations before the opening of the World Expo 2010 in Shanghai. With this contract, AirMedia's digital frame network has expanded to 30 airports including all of the 15 largest airports in China.

The expiration date of AirMedia's existing concession rights to operate digital TV screens at Terminal 1 of Pudong airport and Terminal 1 of Hongqiao airport has been extended from September 19, 2010 to February 15, 2012.

The impact of concession fees under the above concession rights contract has been included in AirMedia's guidance of total concession fees in the third quarter and the fourth quarter of 2009.

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 TV screens in 41 major airports, including all of the 30 largest airports in China. AirMedia also operates digital frames in 30 major airports. In addition, AirMedia sells advertisements on the routes operated by 12 airlines, including the three largest airlines in China. In select major airports, AirMedia also operates traditional media platforms, such as billboards, light boxes, and other digital media, such as mega LED screens.

In addition, AirMedia has obtained exclusive contractual concession rights to develop and operate outdoor advertising platforms at Sinopec's service stations located throughout China until the end of 2014. AirMedia plans to install its advertising platforms in at least 3,500 service stations in major cities throughout China by the end of 2011, and in at least 8,000 service stations by the end of 2014.

For more information about AirMedia, please visit http://www.airmedia.net.cn .

About JCDecaux Momentum Shanghai Airport Advertising Co., Ltd.

JCDecaux Momentum Shanghai Airport Advertising Co., Ltd. is a joint venture established in 2005 by Shanghai International Airport, JCDecaux Pearl & Dean Ltd., and Shanghai Momentum Media & Advertising Co., Ltd. to operate and develop all the indoor and outdoor advertising media in both airports in Shanghai Pudong International Airport and Hongqiao International Airport.

 Continued...