Jason: If the integration of Sina merged successfully will go to the new company
Source: Internet
Author: User
KeywordsRevenue media Jiangnan Spring continuous operation
June 22 News, the Media (NASDAQ:FMCN) released in Saturday as at March 31 of the first quarter of 2009 without the audit earnings. The president of the media, the CEO Jiangnan Spring in the subsequent conference call, said Sina, the merger of the case is still in the Ministry of Commerce approval process. If the deal with Sina succeeds, he will go to the new company after the merger of the Sina Branch, and continue to manage the business of the niche. Jason said that the most significant impact on the business is the macro-economic impact, because the distribution business has been in accordance with the existing way, Sina, the merger of the case to the focus on the audience is the second. Not so long ago, Jason had an example of the changes that would result from the merger of the public and Sina. "When we integrate into the end of June, we will do one thing, on our machine or in the fixed caption, or the body affixed to write a thing, to learn more about LCD advertising details or enjoy special offers, please login to Sina home hot brand area." "When an advertisement is finished, consumers have a simple and natural way to learn more about its details, can be very simple to find a discount, contact the dealer, I can not guarantee your sales, but I have to do at least one thing, I let my advertisers sell further, So we think about it in the direction of sales and communication. Previously, Sina CEO Cao Chao has said that the current Sina has not received the two sides of the Ministry of Commerce to accept the official notice of the transaction, and this is the first step in the approval process. Chao said that the main focus of the two sides is still on how the Sina Division merger case through the Ministry of Commerce review. The deadline for completion of the merger, scheduled for June 30, has been extended to September 30. [Page] The latest earnings show that in the first quarter, the revenue from the continued operations of the media was 66.7 million U.S. dollars, down 14% year-on-year, with revenues from the non-sustainable operations being 64.4 million US dollars, down 23% per cent, and revenues totaling 131.1 million dollars. In the first quarter of the media, the net loss was $5.7 million, with a net loss of $53.8 million in the same period last year. The focus on the Nasdaq market in Friday, the regular transactions in the 7.43 U.S. dollars, the previous session rose 0.38 U.S. dollars, or 5.39%. In the post trading, the shares of the media fell 0.18 U.S. dollars, a decrease of 2.42%, closed at 7.25 U.S. dollars. In the past 52 weeks, the minority media shares the lowest price of 4.84 U.S. dollars, the highest of 33.82 U.S. dollars.
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