China Television Media to Acquire Jinyingma Media
Jingyingma Media, 9/02/13
Television ad agency and media service firm China Television Media (600088.SH) recently announced that the company will acquire a 100% stake in Beijing-based film and TV production company Jinyingma Media from its 24 individual owners through a cash and stock transaction. Jinyingma Media is valued at approximately RMB 1.02 bln.
Jinyingma Media's H1 2013 revenue was RMB 68.49 mln, with a net profit of RMB 25.01 mln. China Television Media's H1 2013 revenue was approximately RMB 522.00 mln, with a net profit of RMB 41.77 mln.
Keywords: Jinyingma profit revenue television 600088.SH China Television Media M&A TV content production film production ad agency TV advertising
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