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  "documentTitle": "Focus Media Holding Ltd. (FMCN)",
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  "authorName": "Carson C. Block",
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  "notes": "Includes a satirical 'Most Laughable' award graphic for the 'Captain Six' boat acquisition.",
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      "text": "With the money to purchase Captain Six, FMCN could have bought a 60-meter yacht with a helipad instead",
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      "text": "With the money to purchase Captain Six, FMCN could have bought a 60-meter yacht with a helipad instead. The business sunk in less than a year. Another company agreed to acquire the business for 7.4x less just a few months before FMCN purchased it.",
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      "text": "FMCN overpaid by at least 7.4x for a company that it wrote down to zero 14 months later. In October 2007, FMCN acquired a company, Zong Heng Pin Yu (\"ZHPY\"), which had a license to operate a LED advertising boat on the Huangpu River in Shanghai.",
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