China MediaExpress Holdings, Inc. (fka CCME)

[gunnar]

There is such a concerted effort to spread rumors about CCME, it's crazy. Re your question, CME has an exclusive license through the government to run ads on intracity buses in China. In addition, they have been inking 5-8 year contracts with bus operators, something like 50% of the operators in China to date. That's a significant moat around their business, IMO.