7Media raises $8,000,000

7Media Receives $8 Million Investment.  Founded in 2003, 7Media distributes advertisement through printed ads and in-flight videos on 18 Chinese airlines and nearly 100 airports. In addition, 7Media produces a daily news show broadcasted on 640 flights. According to 7Media, the company does not directly compete AirMedia (NASDAQ: AMCN) as they have different advantages in the aviation advertising market.