Yes.. He should check the filings of VISN, AMCN, and FMCN to see that all advertising media companies in China are set up with these contractual agreements. The PRC doesn't allow foreigners to own equity in a Chinese ad/media company, so they set up these contracts so that foreigners can own the economic P/L's but not actually own the operating entity...
If it don't make dollaz, it don't make sense. -DJ Quik