[AirMedia Increases Share Repurchase Program to US$40 million Beijing, China – September 26, 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 that its board of directors has approved to increase the size of its previously announced share repurchase program to US$40 million from] [AIRMEDIA GROUP INC. 2 Description]