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(From SinoCast China IT Watch)
SHENZHEN, August 31, 2006, SinoCast -- Focus Media, the bellwether of China's out-of-home multi-platform life-style media industry, lately unveiled its unaudited financial results for the second quarter ended June 30, 2006.
For the second quarter of 2006, Focus Media reported total revenues of USD 50.6 million, an increase of 246.8 per cent compared to USD 14.6 million for the second quarter of 2005 and an increase of 52.6 per cent compared to USD 33.1 million for the first quarter of 2006.
For the commercial location network, advertising service revenue was USD 31.1 million in the second quarter of 2006, an increase …