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  "documentTitle": "Focus Media Holding Ltd. (FMCN)",
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  "authorName": "Carson C. Block",
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  "notes": "The slide includes a footnote regarding the disposal of Tou Jia, questioning the justification for the zero-consideration transaction.",
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      "text": "FMCN's 2009 disposal of Tou Jia (aka “Tuojia”), a small traditional outdoor billboard company, for zero consideration also seems unjustified.",
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      "text": "FMCN's 2009 disposal of Tou Jia (aka “Tuojia”), a small traditional outdoor billboard company, for zero consideration also seems unjustified. FMCN wrote that Tuo Jia experienced a severe decline in revenue, and gross and operating profits in Q2 2009. FMCN also cited a rise in DSO, and stated that it believed that it would be unable to turnaround the business. The 2009 numbers below for Tuojia do not look that poor. Tou Jia is one of the entities that was disposed of by FMCN to another party for no consideration.",
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      "text": "66 2010 20-F, p. 72.",
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      "text": "Table of revenues and net income for Wonder Ad, Catchstone, Wangmai, Jiahua 1, Jiahua 2, Jiahua 1 & 2 Combined, and 1024 from 2006-2010.",
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      "kind": "title",
      "text": "Internet Subsidiaries SAIC Financials",
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