Saturday, January 07, 2006

Focus Media to Merge with Target Media

Focus Media solidified its position as the market leader in China's out-of-home audiovisual advertising market using flat-panel displays. They announced a definitive share purchase agreement with Target Media Holdings.

After the the merger, Focus Media will operate a nationwide commercial location advertising network of over 60,000 displays in more than 30,000 commercial locations in about 75 cities in China.

Press Release
Focus Media Website
Target Media Website