China MediaExpress Holdings, Inc. (fka CCME)

[GorillaGorilla]

MW said that AMCN and FMCN were unmotivated to keep the routes.

Further AMCN, and then FMCN, used to operate the digital televisions on the Beijing Capital Airport express buses. AMCN and FMCN, despite being far less profitable than CCME, were evidently unmotivated to keep the routes. AMCN management could not provide us with the historical figures (the airport express business was pre-IPO), but they stated categorically that they generated far less revenue than $30 million.

http://www.muddywatersresearch.com/wp-content/uploads/2011/02/CCME_MW_020311.pdf

rich