ChinaVision Media Group Limited provided earnings guidance for the year ended December 31, 2011. For the period, the group expects to record a loss for the year ended 31 December 2011 as compared to a profit for the previous corresponding year, primarily attributable to (i) increase in certain non-cash expenses, including amortization and impairment of intangible assets and film rights, the imputed interest cost of convertible notes and an unrealized loss on change in fair value of financial assets held for trading, which arise as a result of accounting treatment under the provisions of the applicable accounting standards; (ii) significant increase in the incidental expenses incurred for the acquisition of media related businesses; and (iii) decrease in the turnover and the gross profit of the group due to the protracted production and delay in distribution of certain television drama series.