Clear Media Annual Revenue Up 29% YoY

Out-of-home advertising company Clear Media generated annual revenue of HK$997.3 million, up 29 percent year-on-year, in 2007. Clear Media's annual net profit came in at HK$142 million, up 18 percent from the year-ago period. By the end of 2007, Clear Media was operating a bus shelter advertising network of more than 29,000 12-sheet equivalent panels across 30 Mainland cities. Advertising in Beijing, Shanghai and Guangzhou accounted for 44 percent of total panels and 54 percent of total sales revenue in the period. The company's key clients include Motorola, Coca-Cola, KFC and P&G. In 2007, Clear Media entered into a five-year bus body advertising agreement, covering 3,100 buses, with Shenzhen Public Transport Advertising Company Ltd. Clear Media also operates airport, unipole, and point-of-sale advertising networks. Clear Media's largest shareholder is Clear Channel Communications, Inc.

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