Dual Action Volume Spike: Focus Media (FMCN)

Posted in General 
March 12th, 2009

Focus Media Holding Ltd. (NASDAQ: FMCN) is seeing a major surge this morning.  The company announced a restructuring of its frame advertising unit.  Since Jason Jiang’s resumption of his position as CEO on January 26, he has taken charge of daily operations of the Framedia division and taken measures to restructure the management team and company structure of the frame advertising division “in order to adapt to ongoing changes in the current market.”

There are apparently some other issues out there.  Some have speculated that this could be acquired or that it could do even broader partnership deals.  We don’t want to pass on any rumors, but that is apparently something else out there today.  The big “R-Word.”

Shares are up almost 5% at $5.37 on about 3.6 million shares as of 10:34 AM EST.  Its average volume is 3.55 million shares per day.

JON C. OGG

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