Phoenix New Media to Attend Upcoming Investor Conferences

BEIJING, November 28, 2011 /PRNewswire-Asia/ -- Phoenix New Media Limited (NYSE: FENG), a leading new media company in China ("Phoenix New Media", "PNM" or the "Company"), today announced its participation in the following conferences:

• The Macquarie Internet, Media & Tech Tour, to be held November 28 - December 2, 2011 at the Grand Hyatt Beijing. Mr. Shuang Liu, CEO of the Company, and Ms. Lily Q. Liu, CFO of the Company, are currently scheduled to present at 10:45-11:45 am Beijing time on November 30, 2011 and to meet with analysts and institutional investors.

• The Royal Bank of Scotland HK/China Access - Seeking Alpha, to be held December 8 - 9, 2011 at the Island Shangri-La Hotel in Hong Kong. Ms. Lily Q. Liu, CFO of the Company, is currently scheduled to meet with institutional investors on December 9, 2011.

For additional information, please contact your respective institutional sales representative.

About Phoenix New Media Limited

Phoenix New Media Limited (NYSE: FENG) is the leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, PNM enables consumers to access professional news and other quality information and share user-generated content on the Internet and through their mobile devices. PNM's platform includes its ifeng.com channel, consisting of its ifeng.com website, its video channel, comprised of its dedicated video vertical and video services and applications, and its mobile channel, including its mobile Internet website and mobile Internet and value-added services ("MIVAS").

For investor and media inquiries please contact:

Phoenix New Media Limited
Matthew Zhao
Tel: +86 (10) 8445-8883
Email: ir@ifeng.com

ICR, Inc.
Jeremy Peruski
Tel: +1 (646) 405-4883
Email: Jeremy.peruski@icrinc.com