Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China
Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.
Focus Media Appoints Former Goldman Sachs Exec As Chief Financial Officer
Chinese digital media and advertising company Focus Media Holding Limited has announced a couple of key executive appointments.