February 3, 2010 (FinancialWire) — Focus Media Holding Ltd.’s (NASDAQ: FMCN) its board of directors has approved a share repurchase program under which the company may repurchase up to $200 million worth of its issued and outstanding American depositary shares.

The company said it expects to implement this share repurchase program over the course of the next 12 months, effective immediately.

Focus Media said it plans to fund repurchases made under this program from its available cash balance.

China-based Focus Media Holding is a multi- platform digital media company, operating an out-of-home advertising network in China using audiovisual digital displays.

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