[AirMedia Announces Unaudited Fourth Quarter and Fiscal Year 2011 Financial Results Beijing, China – March 12, 2012 – AirMedia Group Inc. (“AirMedia” or the “Company”) (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced its unaudited financial results for the fourth quarter ended December 31, 2011. Fourth Quarter 2011 Financial and Business Highlights] [AIRMEDIA GROUP INC. Executive Officer 2 Description]

[AirMedia Renews Concession Rights Contract in Shanghai Airports Beijing, China – March 12, 2012 – AirMedia Group Inc. (“AirMedia” or 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 has recently renewed its concession rights contract with JCDecaux Momentum Shanghai Airport Advertising Co., Ltd. to continue to exclusively operate] [AIRMEDIA GROUP INC. Herman Guo Chairman and Chief Executive Officer 2]