AirMedia to Announce Third Quarter 2010 Unaudited Financial Results on October 26, 2010 at 8:00 pm Eastern Time

BEIJING, Oct. 21 /PRNewswire-Asia-FirstCall/ — AirMedia Group Inc. (“The
Company”), (Nasdaq: AMCN), a leading operator of out-of-home advertising
platforms in China targeting mid-to-high-end consumers, today announced that
it will report its unaudited financial results for the third quarter ended
September 30, 2010 after the U.S. market closes on Tuesday, October 26, 2010.
The Company will hold an earnings conference call on the same day at 8:00 p.m.
Eastern Time (8:00 a.m. on Wednesday, October 27, 2010 Beijing/Hong Kong Time).

    Conference Call Dial-in Information

    U.S.: +1 800 561 2731
    U.K.: +44 207 365 8426
    Hong Kong: +852 3002 1672
    International: +1 617 614 3528

    Pass code: AMCN

A replay of the call will be available for one week between 11:00 p.m. on
October 26, 2010 and 11:00 p.m. on November 2, 2010, Eastern Time.

    Replay Dial-in Information

    U.S.: +1 888 286 8010
    International: +1 617 801 6888

    Pass code: 25811395

Additionally, a live and archived webcast of this call will be available
on the Investor Relations section of AirMedia’s corporate website at
http://ir.airmedia.net.cn .

About AirMedia Group Inc.

AirMedia Group Inc. (Nasdaq: AMCN) is a leading operator of out-of-home
advertising platforms in China targeting mid-to-high-end consumers. AirMedia
operates the largest digital media network in China dedicated to air travel
advertising. AirMedia operates digital TV screens in 37 major airports,
including 25 out of the 30 largest airports in China. AirMedia also operates
digital frames in 33 major airports, including the 15 largest airports in
China. In addition, AirMedia sells advertisements on the routes operated by
nine airlines, including the three largest airlines in China. In selected
major airports, AirMedia also operates traditional media platforms, such as
billboards and light boxes, and other digital media, such as mega LED screens.

In addition, AirMedia has obtained exclusive contractual concession rights
until the end of 2014 to develop and operate outdoor advertising platforms at
Sinopec’s service stations located throughout China.

For more information about AirMedia, please visit
http://www.airmedia.net.cn.

    Investor Contact:

     Raymond Huang
     Senior Director of Investor Relations
     Tel:   +86-10-8460-8678
     Email: ir@airmedia.net.cn

     Caroline Straathof
     IR Inside
     Tel:   +31-6-54624301
     Email: info@irinside.com

SOURCE AirMedia Group Inc.