Arbitron Inc. Announces Retirement of Chief Financial Officer.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) today announced that Bill Walsh, executive vice president, Finance and Planning & chief financial officer of the company, has indicated his intention to retire. Mr. Walsh, who has been with the company for more than 40 years, has agreed to continue in his current role until a new CFO See Chief Financial Officer. is in place. Stephen Morris
Stephen Morris (born Stephen Paul David Morris, 28 October 1957 in Macclesfield, Cheshire, England) is a musician in the Manchester based , president and chief executive officer, Arbitron Inc., made the following comments on Mr. Walsh's retirement, "We extend our most sincere gratitude to Bill for his long and dedicated service to Arbitron, and are especially grateful for his counsel during our spin-off from Ceridian in March of 2001. Under his leadership, we established the necessary systems and financial controls to effectively manage the business and meet the stringent requirements associated with being a public company. Through his diligence and foresight, we have successfully managed our growth and are well positioned to execute on our strategic initiatives going forward." Arbitron has retained a leading executive search firm to conduct a search for a new chief financial officer. Conference Call: Schedule and Access Arbitron will host a brief conference call at 9:00 a.m. ET today, June 6, to entertain any questions from the investment community related to this announcement. Management will not address issues beyond the scope of this announcement on today's conference call. To listen to the call, dial the following telephone number: 877-780-2271 (Domestic) and 973-582-2737 (International). The call will also be available live on the Internet at the following sites: www.arbitron.com, www.ccbn.com and www.streetevents.com. There will be a replay available from 12 p.m. on June 6, 2005, through 11:59 p.m. on June 13, 2005. Please call: 877-519-4471 (Domestic); 973-341-3080 (International); ID Code for Replay: 6141698. About Arbitron Arbitron Inc. (NYSE: ARB) is an international media and marketing research firm serving radio broadcasters, cable companies, advertisers, advertising agencies, outdoor advertising companies and the online radio ratings industry in 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. , Mexico and Europe. 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 also developed the 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. (PPM), a new technology for media and marketing research. Arbitron's marketing and business units are supported by its 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 has approximately 1,700 employees; its 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. . Through its Scarborough Research joint venture with VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User , Inc., Arbitron also provides media and marketing research services to the broadcast television, magazine, newspaper and online industries. PPM(SM)is a service mark of Arbitron Inc. |
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