China/Newspapers/Beijing Media Corp.

China Knowledge Press: Beijing Media Issues Profit Warning on 1H Results

"Beijing Media Corp., the advertising arm of China's only overseas-listed newspaper group, has issued a profit warning saying its first half results would be badly affected by the government's economic tightening measures."

"The company said the tightening measures had delayed the approval and sale of property projects in China, resulting in the decrease of advertising revenue from property – the core source of the company's revenue."