Arbitron Announces Restart of Commercialization of Portable People Meter Ratings Services.Eight markets to go "currency" with release of September 2008 PPM survey report; Company cites strong improvements in panel metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Arbitron Inc. (NYSE NYSE See: New York Stock Exchange : ARB) announced today that it will resume the commercialization of its Portable People Meter The Portable People Meter (sometimes mistakenly "Personal People Meter") or PPM, is a device developed by Arbitron to measure how many people are listening (or at least exposed) to individual radio stations and television stations, including cable TV. (TM) radio ratings service Ratings Service A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. in eight markets. "It's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a to move forward with electronic measurement for radio," said Steve Morris Steve 'Slippery' Morris was an Australian rugby League footballer. A halfback, Morris played for the Dapto club. In the 1978 season he gained selection in the New South Wales Country Rugby League side and was then chosen to represent Australia, making Morris the last player , chairman, president and chief executive officer, Arbitron Inc. "Radio broadcasters and advertisers are taking bold steps in an effort to enhance the accountability of the medium. The Radio Advertising Bureau The Radio Advertising Bureau (RAB) is the sales and marketing arm of the Radio industry with nearly 7,000 members, including almost 6,000 stations in the U.S., and over 1,000 associate members in networks, representative firms, sales and international organizations. recently published guidelines for 'posting' and ad schedule guarantees and the American Association of Advertising Agencies The American Association of Advertising Agencies (AAAA) is an American advertising trade association. Founded in 1917, their website states that AAAA membership "produces approximately 80 percent of the total advertising volume placed by agencies nationwide. continues to advance its e-business effort: 'Project Reinvention.' The Arbitron PPM(TM) is uniquely capable of delivering the granularity The degree of modularity of a system. More granularity implies more flexibility in customizing a system, because there are more, smaller increments (granules) from which to choose. , precision and speed of reporting that can help radio make these and other accountability initiatives a success." "We have improved our PPM samples in the four key areas we outlined last November. We have enhanced our ability to deliver PPM sample targets. We've improved the composition of our PPM panels, especially among the 18-34 demographic. We've raised the day-to-day cooperation rate of our PPM respondents. We've also put in place a number of programs designed to have a positive impact on response rates. Our commitment to continuous improvement means that we will keep working on these metrics as we go forward." "In the past weeks, we have been meeting with our clients to review the progress that we've made since November and to hear their priorities for enhancements to our PPM services. Our conclusion from these meetings is that our PPM ratings are valid and the time is right for electronic measurement. Another outcome from these meetings is that we have established working groups across a number of constituencies within the radio industry to facilitate the exchange of ideas and the implementation of our continuous improvement programs for the PPM. At the same time, we are working diligently with the Media Rating Council in order to achieve MRC See Maximum return criterion. accreditation for all our PPM markets." "We are also seeing that radio operators who have embraced PPM are benefiting from PPM measurement. Over the past few months, there have been numerous reports in the trade press about urban and general market broadcasters who have successfully harnessed PPM ratings to advance their programming and sales efforts. We should not continue to let other media use their more advanced measurement systems to take audience and revenue away from radio," said Mr. Morris. Eight markets-New York, Nassau-Suffolk, Middlesex-Somerset-Union, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Riverside-San Bernardino, Chicago, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and San Jose-will commercialize with the release of the September PPM survey report on October 8, 2008. On that date, the company's diary-based radio ratings will be withdrawn from those eight markets and radio transactions among Arbitron-subscribing stations and agencies will take place solely using PPM-based radio ratings. Arbitron will deliver "pre-currency" PPM survey reports for Los Angeles, Riverside-San Bernardino and Chicago with a special release of the June PPM survey report in mid-July, and with the regular release of the July PPM survey report on August 13 and the August PPM survey report on September 10. Arbitron will deliver "pre-currency" PPM survey reports for San Francisco and San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. with the release of the July PPM survey report on August 13 and the August PPM survey report on September 10. Pre-currency reports cannot be used in buy-sell transactions. Arbitron has released PPM pre-currency reports for New York, Nassau-Suffolk and Middlesex-Somerset-Union since October 2007. Arbitron commercialized the PPM ratings service in Philadelphia in March 2007 and Houston-Galveston in July 2007. In addition, PPM technology is currently being used for radio and/or television measurement in Belgium, Denmark, Norway, Iceland, Kazakhstan, Canada, and Singapore. In the revised PPM commercialization schedule released by Arbitron in November 2007, Arbitron indicated an expected commercialization of the Portable People Meter ratings service in Atlanta, Dallas-Ft. Worth, Detroit and Washington DC in December 2008. Arbitron is not altering that expectation at this time. Investor Conference call: schedule and access Arbitron will host a conference call for investors on Friday, June 13 at 10:00 a.m. Eastern Time. The Company invites you to listen to the call by dialing toll-free (888) 868-9083. The conference call can be accessed from outside of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. by dialing (973) 935-8512. To participate, users will need to use the following code: 51268751. The call will also be available live on the Internet at the following sites: www.arbitron.com, www.ccbn.com and www.streetevents.com. About the Portable People Meter The Arbitron Portable People Meter system uses a passive audience measurement device- about the size of a small cell phone-to track consumer exposure to media and entertainment, including broadcast, cable and satellite television, terrestrial, satellite and online radio as well as cinema advertising and many types of place-based electronic media. Carried throughout the day by randomly selected survey participants, the PPM(TM) device can track when and where they watch television, listen to radio as well as how they interact with other forms of media and entertainment. The PPM detects inaudible codes embedded Inserted into. See embedded system. in the audio portion of media and entertainment content delivered by broadcasters, content providers and distributors. At the end of the day, the meter is placed in a docking station (1) A cradle for a portable device that serves to charge the unit and connect it to other sources or destinations. For example, an iPod docking station charges the iPod and connects it to a computer, speakers or TV set. that extracts the codes and sends them to a central computer. The PPM is equipped with a motion sensor, a patented quality control feature unique to the system, which allows Arbitron to confirm the compliance of the PPM survey participants every day. About Arbitron Arbitron Inc. (NYSE: ARB) is a media and marketing research firm serving the media - radio, television, cable, online radio and out-of-home - as well as advertisers and advertising agencies in the United States. Arbitron's core businesses are measuring network and local market radio audiences across the United States; surveying the retail, media and product patterns of local market consumers; and providing application software used for analyzing media audience and marketing information data. The company has developed the Portable People Meter, a new technology for media and marketing research. Through its Scarborough Research joint venture with The Nielsen Company The Nielsen Company is a global information and media company. It was formed in 1964 through the merger of two Dutch publishing companies De Spaarnestad and Cebema. Its original name was Verenigde Nederlandse Uitgeversbedrijven , Arbitron provides additional media and marketing research services to the broadcast television, newspaper and online industries. Arbitron's marketing and business units are supported by a world-renowned research and technology organization located in Columbia, Maryland Columbia is a census-designated place and planned community in Howard County, Maryland, United States. It is a suburb of Baltimore, and, to a lesser degree, Washington, DC. It began with the idea that a city could enhance its residents' quality of life. . Arbitron's executive offices are located in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Portable People Meter(TM) and PPM(TM) are marks of Arbitron Inc. Arbitron Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements regarding Arbitron Inc. and its subsidiaries in this document that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes," or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which we have derived from information currently available to us. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. These risks and uncertainties include, in no particular order, whether we will be able to: * successfully implement the commercialization of our Portable People Meter(TM) service; * successfully design, recruit, and maintain PPM panels that appropriately balance research quality, panel size and operational cost; * complete the Media Rating Council ("MRC") audit of our local market PPM ratings services in a timely manner and successfully obtain and/or maintain MRC accreditation for our audience measurement services; * renew contracts with large customers as they expire; * successfully execute our business strategies, including entering into potential acquisition, joint-venture, or other material third-party agreements; * effectively manage the impact, if any, of any further ownership shifts in the radio and advertising agency industries; * respond to rapidly changing technological needs of our customer base, including creating new proprietary software systems and new customer products and services that meet these needs in a timely manner; * successfully manage the impact on our business of any economic downturn generally and in the advertising market in particular; * successfully manage the impact on costs of data collection due to lower respondent cooperation in surveys, privacy concerns, consumer trends, technology changes and/or government regulations; and * successfully develop and implement technology solutions to measure new forms of audio content and delivery, multi-media and advertising in an increasingly competitive environment. There are a number of additional important factors that could cause actual events or our actual results to differ materially from those indicated by such forward-looking statements, including, without limitation, the risk factors set forth in the caption "ITEM 1A. -- RISK FACTORS" in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2007, and elsewhere, and any subsequent periodic or current reports filed by us with the Securities and Exchange Commission. In addition, any forward-looking statements contained in this document represent our estimates only as of the date hereof, and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim dis·claim v. dis·claimed, dis·claim·ing, dis·claims v.tr. 1. To deny or renounce any claim to or connection with; disown. 2. To deny the validity of; repudiate. 3. any obligation to do so, even if our estimates change. |
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