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Charm Communications

Chinese television advertising company From Wikipedia, the free encyclopedia

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Charm Communications Inc. (Nasdaq: CHRM) was the largest domestic television advertising company in China. It was incorporated in 2008 and is headquartered in Beijing.[2][3] The company provides advertising agency services from planning and managing advertising campaigns. The company was listed as a public traded company in NASDAQ in 2010[3] and delisted in 2014.

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Background

The company's television advertising media resources include its exclusive arrangement with four programs on CCTV, two satellite television channels, Shanghai, China Dragon TV and Tianjin, China Satellite TV, etc.[3] It also has an agreement with Beijing Gehua Cable Network to operate digital media advertising on its interactive high definition television (HDTV) digital cable platform.[4] The company operates its business through three segments including Media Investment Management, Advertising Agency, and Branding and Identity Services.[2] The targeted market is still positioned domestically with nine top clients who accounted for 18.1% ratio of the total revenue of the company in 2009. They are China Telecom, PICC, Agricultural Bank of China, China CITIC Bank, Snowbeer, Yunnan Baiyao, C-Bons, Wahaha Joint Venture Company and Midea. [5] In 2012, the company was named as CCTV's Top Advertising Agency for ninth consecutive year. [6]

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References

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