BEIJING, March 20, 2012 /PRNewswire-Asia-FirstCall/ -- China Mass Media Corp. ("China Mass Media" or the "Company") (CMMCY.PK) today reported that, in view of the unusual market activity in the American depositary shares of the Company, the New York Stock Exchange has contacted the Company in accordance with its usual practice. While the Company ordinarily does not comment on market activity or market rumors, CMM confirmed that it is not aware of any material corporate developments that could account for the unusual trading activity. About China Mass Media Corp. As a television advertising company in China, the Company provides a full range of advertising services, including advertising agency services, creative production services, public service announcement sponsorship services, and other value added services. For further information, contact: China Mass Media Corp. Julie SunCFO6/F, Tower B, Corporate Square,35 Finance Street Xicheng District Beijing, 100033 P. R. ChinaPhone: +86-10-8809-1050Email: firstname.lastname@example.org ChristensenTip FlemingPhone: +852-2117-0861Email: email@example.com Teal WillinghamPhone: +86-13121793446Email: firstname.lastname@example.org SOURCE China Mass Media Corp.
Shares of China Mass Media (NYSE:CMM) have taken a tremendous swing upward. The stock is trading at $5 as of 10:47 a.m. ET, 23.6% above Tuesday's closing price of $4.05. Volume is at 36,825, 0.9 times the daily average of 41,800.