[AirMedia Announces Unaudited First Quarter 2012 Financial Results Beijing, China – May 14, 2012 – AirMedia Group Inc. (“AirMedia” or the “Company”) (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced its unaudited financial results for the first quarter ended March 31, 2012. First Quarter 2012 Financial Highlights • Total revenues increased by] [AIRMEDIA GROUP INC. Herman Guo Chairman and Chief Executive Officer 2]