Focus Media terminates dividend policy, effective December 31, 2012

theflyonthewall.com

The company announced on November 27, 2012 that its board of directors had resolved to postpone approval of future cash dividends through December 31, 2012 due to ongoing considerations relating to the going private proposal. Due to the signing on December 19, 2012 of the going private merger agreement, which prohibits the company from paying any dividends or repurchasing any of its ordinary shares or ADS pending consummation of the merger, the company's board of directors has resolved to terminate the dividend policy effective December 31, 2012.

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