China In-Focus: Focus Media Authorizes $200 Million Buyback

February 3, 2010 (FinancialWire) — Focus Media Holding Ltd.’s (NASDAQ: FMCN) its board of directors has approved a share repurchase program under which the company may repurchase up to $200 million worth of its issued and outstanding American depositary shares.

The company said it expects to implement this share repurchase program over the course of the next 12 months, effective immediately.

Focus Media said it plans to fund repurchases made under this program from its available cash balance.

China-based Focus Media Holding is a multi- platform digital media company, operating an out-of-home advertising network in China using audiovisual digital displays.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.