pj McMulligan
16 years ago
XFMedia's Fortune China Financial TV Programs Expand Landing Coverage to Total 80 Terrestrial TV Channels
BEIJING, March 19, 2008 /Xinhua-PRNewswire via COMTEX/ -- XFMedia (Nasdaq: XFML), a leading media group in China, announced that two of the Fortune China financial television programs ("Fortune China") have added landing coverage to a total of eighty terrestrial television channels across 24 of China's 31 provinces and provincial-level municipalities. The programs are Fortune China Weekly and Fortune Celebrity, the two weekly programs in the series.
Building upon the existing coverage Fortune China enjoys on the nationwide satellite television NMTV, the programs are now available on more than one channel to the local households in these regions. This development deepens the reach of the programs, enhances the brand visibility and hence is expected to increase the advertising revenues.
The Fortune China series, broadcast in Chinese, is composed of six programs which focus on financial and investment related information and analysis and includes interviews with influential business people. The shows target China's upwardly mobile demographic who have a keen interest in investment.
The Fortune China shows now reach a total potential viewing audience of approximately 225 million through the NMTV satellite channel and a total of 80 terrestrial channels. According to data from CSM Media Research, ratings for the six programs on NMTV averaged 0.144% in the fourth quarter of 2007; 32% higher than the third quarter of 2007, with five of the shows recording new monthly highs.
"XFMedia is strong in financial content, and these are among the most popular and widely watched financial programs in the market," XFMedia CEO Ms Fredy Bush said. "Combined with our strong ad sales capability, we believe we are the market leader in this area."
Ms Bush said she expects the expanded broadcasting coverage of the Fortune China shows will help promote the Fortune China brand, and increase advertising revenues. "It is encouraging to note that the Fortune China shows in February saw a 54% growth in gross advertising revenues over January. Management expects the show's revenues for this year to see continued growth over last year," added Ms Bush.
The company who produces the Fortune China just won the "2008 Top TMT (Technology, Media & Telecom) Enterprises with The Best Investment Value" Award on January 19. This award was presented at the China International Private Equity Forum to the enterprises in the industry of Technology, Media and Telecom which have the highest growth potential as an investment target for investors.
The Fortune China program series itself has recently won the "2007 Most Globalized Financial Program Award" awarded on March 15 by the New Weekly news magazine. This award was established to give credit to financial TV programs in China that provide good international standards and quality in terms of program content and production style. The shows, amongst the best known financial TV series in China, also won the Award of the TV Media with the Best Investment Value in 2006 and 2007 consecutively. The award recognizes the shows in China that provide the best return for the advertising dollars spent.
XFMedia derives revenue through advertising sales and licensing of TV programs, including the Fortune China series. The six programs in the Fortune China financial television series are Fortune Morning, Fortune Guide, Fortune Broadway, Fortune Talk Show, Fortune China Weekly and Fortune Celebrity.
About Xinhua Finance Media
Xinhua Finance Media ("XFMedia"; NASDAQ: XFML) is a leading media group in China with nationwide access to the upwardly mobile demographic. Through its five synergistic business groups, Advertising, Broadcast, Print, Production and Research, XFMedia offers a total solution empowering clients at every stage of the media process and connecting them with their target audience. Its unique platform covers a wide range of media assets, including television, radio, newspaper, magazine, outdoor, online and other media assets.
Headquartered in Beijing, the company has offices and affiliates in major cities of China including Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong. For more information, please visit http://www.xinhuafinancemedia.com .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, quotations from management in this announcement contain forward-looking statements. Statements that are not historical facts, including statements about XFMedia's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. Potential risks and uncertainties include, but are not limited to, risks outlined in XFMedia's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this press release is as of the date hereof, and XFMedia undertakes no duty to update such information, except as required under applicable law.
For more information, please contact:
Media Contact
Joy Tsang
Tel: +86-21-6113-5999
Email: joy.tsang@xinhuafinancemedia.com
IR Contact
Jennifer Chan Lyman
Tel: +86-21-6113-5960
Email: jennifer.lyman@xinhuafinancemedia.com
SOURCE XFMedia
URL: http://www.xinhuafinancemedia.com
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
maizipeng
16 years ago
Xinhua Finance Media to Release Fourth Quarter and Full Year 2007 Earnings Results on Wednesday, February 13, 2008
It's TOMORROW!!!!!!!!!!
Earnings Conference Call to Be Held on February 13, 2008 at 8:00 PM (New York Time) (February 14, 2008 at 9:00 AM Beijing Time)
BEIJING, Jan. 25 /Xinhua-PRNewswire/ -- Xinhua Finance Media Limited ("XFMedia"; Nasdaq: XFML), China's leading diversified financial media group, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2007 on Wednesday, February 13, 2008, after the US markets close. Xinhua Finance Media's earnings release and related materials will be available on the investor relations page of its website at http://www.xinhuafinancemedia.com/earnings .
Following the earnings announcement, XFMedia's senior management will host a conference call on February 13, 2008 at 8:00 pm (New York time) (February 14, 2008 at 9:00 am Beijing time) to discuss the fourth quarter and full year 2007 results and recent business activities.
Interested parties may dial into the conference call at (US) +1 480 629 1990/ (UK) +44 20 8515 2301 / (Asia Pacific) +852 3009 5027. A telephone replay will be available shortly after the call for one week at (US) +1 303 590 3030/ (UK) +44 207 154 2833, Passcode: 3837590# and (Asia Pacific) +852 2287 4304, Passcode: 138110#
A real-time webcast and replay will be also available at: http://www.xinhuafinancemedia.com/earnings-webcast .
For more information, please contact:
Media Contact
Ms Joy Tsang
Xinhua Finance Media, China
Tel: +86-21-6113-5999
Email: joy.tsang@xinhuafinancemedia.com
IR Contact
Ms Jennifer Chan Lyman
Xinhua Finance Media, China
Tel: +86-21-6113-5960
Email: jennifer.lyman@xinhuafinancemedia.com
RockJohny
16 years ago
Burkle Affiliate Reports Xinhua Stake
Tuesday October 9, 1:46 pm ET
Affiliate of Billionaire Ron Burkle Reports 6.2 Percent Xinhua Finance Media Stake
NEW YORK (AP) -- An affiliate of supermarket billionaire Ron Burkle's Yucaipa Cos. has acquired a 6.2 percent stake in Xinhua Finance Media Ltd., according to a Securities and Exchange Commission filing Tuesday.
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In the filing, Yucaipa Global Partnership Fund LP reported holding 8.6 million shares of the Beijing-based Chinese news and broadcast company, which completed an initial public offering of American Depositary Shares earlier this year.
Yucaipa Global said the shares were acquired for investment purposes because they are "undervalued by the market at the present time." The stock was acquired in directly negotiated transactions from existing shareholders for $25.7 million.
In late September, Xinhua said Yucaipa had taken a stake of undisclosed size in the company. At the time, the company also said Yucaipa partner David Olson was appointed to Xinhua's board. In Tuesday's filing, Yucaipa said the acquisition of the stake was not conditioned upon his appointment.
Yucaipa, which said Xinhua "should have substantial opportunities for future growth," reserved the right to discuss the company with other shareholders, industry participants and other parties.
Xinhua shares have dropped more than 25 percent since the company's IPO priced at $13 per share in March. In afternoon trading, the stock fell 52 cents, or 5.5 percent, to $9.
Ronald W. Burkle (b. November 12, 1952 in Pomona, California) is a supermarket billionaire from Beverly Hills, with a personal wealth of over US$2.1 billion. He founded The Yucaipa Companies, a Los Angeles based private equity firm, in 1986. He was once a bag boy[1] and is now recognized as one of the pre-eminent investors in the retail, manufacturing and distribution industries. Burkle's investment group, The Yucaipa Companies, has recently worked with The Newspaper Guild and the Communications Workers of America to explore alternatives to Rupert Murdoch's buyout of Dow Jones & Company by his News Corporation.[2]
Burkle has served as Chairman of the Board and controlling shareholder of numerous companies including Alliance Entertainment,[3] Golden State Foods, Dominick's, Fred Meyer, Ralphs and Food4Less. He is currently a member of the board of Occidental Petroleum Corporation,[4] KB Home[5] and Yahoo![6] He is also part owner of the Pittsburgh Penguins[7] major league hockey team of the National Hockey League, although his exact share of the team is unknown.
Burkle is a well-known Democratic supporter and fundraiser who has raised over $1,000,000 for the Hilary Clinton presidential campaign.[1] He has supported California State Treasurer Phil Angelides and employed former San Francisco Mayor Willie Brown, both of whom are former CALPERS board members but has also made contributions to California Governor Arnold Schwarzenegger.[2] Robert Novak reported in June, 2007 that 98% of Burkle's $1.5 million political contributions to date have gone to Democrats. Burkle is a close friend of former President Bill Clinton, who calls Burkle's Boeing 757 private jet "Ron Air."[3] Clinton is employed by Burkle's investment firm, The Yucaipa Companies. Burkle co-hosted a fundraiser for Hillary Rodham Clinton at his Green Acres Mansion together with convicted felon and fugitive Norman Hsu. Burkle and Steve Rattner helped finance Al Gore's cable Current TV network. [4]
October 2007 news reports suggest that Burkle has started dating actress Kate Hudson, following the breakup of her short-lived relationship with actor Dax Shepard.[5] Reportedly, Shepard learned of the breakup through a phone call from a friend.[6]
As of May 2007, real estate developer Raffaello Follieri who is the boyfriend of actress Anne Hathaway was being sued by billionaire Ron Burkle for $55 million dollars which Burkle alleges Follieri spent on a private jet, care for their pet Labrador, and shopping sprees for Anne. The money was supposed to be allocated into a land development project.
It has been suggested that Tony Blair may take up a seat on the board of one of Burkle's companies when he stands down as Prime Minister of the United Kingdom[7]
kumqwatt
17 years ago
Press Release Source: Xinhua Finance Limited
Xinhua Finance Limited (TSE: 9399) Reports Solid 2007 First Half Results
Wednesday August 15, 7:15 am ET
SHANGHAI, China, Aug. 15 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance Limited ("XFL"; TSE Mothers: 9399; OTC ADRs: XHFNY), China's premier financial information and media service provider, today announced business results for the six months ended June 30. Under International Financial Reporting Standards ("IFRS"), total revenue was US$109.5 million, representing a 46% increase year-on-year, and 7% higher than management forecasts. EBITDA was US$12.9 million, a 15% increase year-on-year and 51% ahead of the forecast. Net income was US$90.9 million, compared to management forecast of US$90 million. Fully diluted earnings per share (EPS) was US$89.8, compared to US$5.6 in 2006.
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Proforma EBITDA, adjusted to exclude non-cash ESOP expenses and one-time items, was US$22.6 million, an increase of 72% over US$13.1 million in the same period last year. Proforma net income was US$6.5 million for the first half of 2007 compared to US$8.0 million in the first half of 2006. Proforma net income for first half of 2007 reflects all the exclusions of proforma EBITDA, and excludes the non-cash one-time gain from changes in equity interest of $97.5 million, and non-cash finance costs. The decline in proforma net income from first half of 2006 was primarily due to an increase in intangible asset amortization arising from acquisitions in the distribution business and interest expense. XFL provides proforma results to help investors better understand the Company's underlying operating and financial trends.
XFL CEO Fredy Bush said, "We are pleased to see the success of our content and distribution strategy. As is evident from the results, our plan of leveraging our proprietary content onto our distribution platforms in China is creating new areas of revenue and growth for Xinhua Finance. Today, more than 50% of our revenue and more than 60% of our EBITDA is coming from our China businesses. We will continue to build on our unique position in both content and distribution in China to maximize the opportunities in this fast growing financial market."
CFO David Wang said, "XFL has continued to successfully leverage its proprietary content and distribution platform as displayed by its first half results exceeding management forecasts. We revised the half year guidance upward in compliance with the Tokyo Stock Exchange's requirements. Our prior net income forecast included an expense provision to take into account possible non-cash impairments which did not occur in the period. We continue to provide for possible non-cash impairments in the second half of the year. Therefore, we maintain our full year net income forecast for the year at US$57.3 million."
"Each of our service lines continues to display strong growth prospects. We continue to be focused on effective integration of our businesses worldwide and improving our operational efficiency to support our business growth. With strong first half results in line with management forecasts, we are confident in achieving our full year forecasts and look forward to robust performance in the second half," added Mr. Wang.
First Half 2007 Actual vs. First Half 2007 Forecast (1)- unit: million USD
1H 2007 Actual 1H 2007 Forecast Variance
Revenue 109.5 101.9 7%
Proforma EBITDA (2) 22.6 18.4 23%
EBITDA (3) 12.9 8.6 51%
Net Income (4) 90.9 90.0 1%
First Half 2007 vs. First Half 2006 - unit: million USD
1H 2007 1H 2006 Variance
Revenue 109.5 75.0 46%
Proforma EBITDA (2) 22.6 13.1 72%
EBITDA (3) 12.9 11.3 15%
Proforma Net Income (5) 6.5 8.0 -19%
Net Income 90.9 4.9 1772%
First Half 2007 vs. First Half 2006 (Japan GAAP(6)) - unit: million USD
1H 2007 1H 2006 Variance
Revenue 109.5 75.0 46%
Proforma EBITDA (2) 22.5 13.4 68%
EBITDA (3) 10.0 11.1 -10%
Proforma Net Income (5) 0.7 0.4 55%
Net Income 89.4 2.0 4345%
(1) For six months ended June 30, 2007 results and six months ended June
30, 2006 results at current Japanese yen exchange rate, the amounts in
Japanese yen are calculated by the foreign currency exchange rate
(middle rate), being US$1.00 = JPY 123.26, from the Tokyo Foreign
Exchange Market as of June 29, 2007.
(2) Proforma EBITDA under IFRS is EBITDA plus non-cash ESOP expenses and
excluding one time items. Proforma EBITDA under JGAAP is EBITDA plus
non-cash ESOP expenses and recurring non operating income and
excluding one time items.
(3) Under IFRS, EBITDA for the six months ended June 30, 2007 includes
non-cash one time charge of US$5.7m from the revaluation of a
convertible loan, one time legal expenses of US$0.6m and non-cash ESOP
expenses of US$3.3m. Under JGAAP, EBITDA for the six months ended June
30, 2007 includes non operating income of US$10m, one time legal
expenses of US$0.6m and non-cash ESOP expenses of US$2m.
(4) Reforecast on August 14, 2007
(5) Under IFRS, Proforma net income for six months ended June 30, 2007
excludes a one-time gain of US$97.5m from the deemed disposal of a
subsidiary, a non-cash one time charge of US$ 5.7m from the
revaluation of a convertible loan, non cash finance costs of US$3.5m,
one time legal expenses of US$0.6m and non-cash ESOP expenses of
US$3.3m. Under JGAAP, Proforma net income for the six months ended
June 30, 2007 excludes a one-time gain of US$100.7m from the deemed
disposal of a subsidiary and related share issuance expenses of
US$9.4m and non cash ESOP expenses of US$2m
(6) The main reason for the differences between IFRS and Japan GAAP as
applied to us is that Japanese accounting standards take a different
approach to accounting for amortization of goodwill from acquisitions
and share issuance expenses.
(Notes)
A. We define EBITDA in relation to our IFRS financial statements as profit
or loss before interest, tax, depreciation and amortization.
B. We define EBITDA in relation to our JGAAP financial statements as
operating income or loss plus depreciation, amortization and
amortization of goodwill.
C. Forecasts for fiscal 2007 are management estimates only; figures have
not been audited or reviewed.
D. Performance estimates are determined based on information currently
available. Due to unforeseen factors, actual performance may differ
from estimates.
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Briboy
16 years ago
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