China sees media loses 800,000 dollars in third quarter

Xinhua News (Reporter Zhang Yixian) U.S. local time November 14, Nasdaq-listed companies in China, the media released the third quarter as of September 30 of fiscal year 2011.　　According to the report, the total revenue of China's media in the third quarter was $50.2 million, a 32.4% increase from 37.9 million US dollars in the same period last year, and a net loss of 800,000 dollars for shareholders, a decrease from the same period last year, but more than in the previous quarter. In the third quarter of 2011, China saw the average sale of advertising in the last 10.64 minutes of a record hour, 712 advertisers bought the Chinese media advertising time directly or indirectly, down from 997 in the previous quarter, but more than 612 in the same period last year. The Chinese media expect the fourth quarter's total revenue to be between 51 million and 54 million dollars.