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XFMedia signs ad contract with Chinese carmaker
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NEW YORK - Xinhau Finance Media Ltd. signed a three-year contract to sell advertising space on three of its radio stations to a Chinese carmaker, the Beijing-based media company said Friday.
XFMedia did not disclose the financial terms of the deal or name the client. The ads will run on stations in Beijing, Shanghai and Guangdong.
American Depository Shares of the company added 11 cents, or 2.8 percent, to $4.08 in morning trading.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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