Arbitron Inc. Begins Trading On New York Stock Exchange; Leading U.S. Media Research Company Separates from Ceridian Corporation in Reverse-Spin.Business Editors NEW YORK--(BUSINESS WIRE)--April 2, 2001 Arbitron Inc. (NYSE NYSE See: New York Stock Exchange :ARB), a leading international media and marketing research firm, announced today that its shares of common stock began trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol ARB. Arbitron Inc. provides media and marketing research services to radio and television broadcasters; cable companies; newspapers; advertisers and advertising agencies; magazines; newspapers and the online 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. and Europe. On March 30, Arbitron became independent from its former parent company, Ceridian Corporation (NYSE:CEN CEN - Conseil Européen pour la Normalisation. A body coordinating standardisation activities in the EEC and EFTA countries. ), through a reverse spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. . Arbitron marked the milestone by ringing the closing bell at the New York Stock Exchange. "As an independent company that is focused on the media industry and its needs, Arbitron is ready to unlock all of the possibilities inherent in the rapid growth and change taking place in the industry we serve," said Stephen Morris
Stephen Morris (born Stephen Paul David Morris, 28 October 1957 in Macclesfield, Cheshire, England) is a musician in the Manchester based , chief executive officer and president, Arbitron Inc. "Along with our proven, very attractive business model, as an independent company we now have a greater ability to pursue the strategies that we hope will make us a global leader in media information. I am enthusiastic about Arbitron's prospects and our ability to execute our strategies for growth." In October 2000, the company announced a strategic reorganization, establishing three operating groups: U.S. Media Services, 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. Development and Webcast Services. Arbitron's U.S. Media Services measures radio audiences in more than 280 local markets across the United States. It surveys the retail, media and product patterns of local market consumers through its Scarborough Research joint venture with VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User Marketing Information and other services. U.S. Media Services also provides software for analyzing media audience and marketing information. "As a respected and well-established media research company, our information is a universally accepted currency for broadcasters, advertisers and agencies," said Mr. Morris. "While the core of our business has been providing ratings and consumer research for the radio industry, we are also developing new services and technologies that we intend to use to fuel an expansion into additional media and markets and contribute to continued growth of our core business." Arbitron's Portable People Meter Development division is developing a revolutionary new technology for radio, television and cable TV audience measurement. The Portable People Meter is a pager-sized device which is carried by consumers to electronically measure their exposure to broadcast radio, television and cable as well as webcasts. The technology has successfully completed field testing in 2000 in Manchester, England. Currently, Arbitron is conducting its first U.S. market trial of the Portable People Meter in the Philadelphia television market. Arbitron's Webcast Services unit is the world's first streaming media See streaming audio, streaming video and digital media hub. audience 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. , which debuted in December 1999. Arbitron Webcast Services measures streamed audio and video content on the Internet, which helps webcasters demonstrate the value of their online audiences. In addition, this division also provides bi-annual industry studies for the webcasting industry. About Arbitron Arbitron Inc. (www.arbitron.com) is an international media and marketing research firm serving radio and television broadcasters; cable companies; advertisers and advertising agencies; magazines; newspapers and the online industry in the United States and Europe. Arbitron's core businesses are measuring radio audiences in local markets 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. Arbitron Webcast Services measures the audiences of audio and video content on the Internet, commonly known as webcasts. 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 employs approximately 700 full-time 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. . Arbitron Webcast Ratings is a service mark of Arbitron Inc. All product names used are trademarks or registered trademarks of their respective owners. This press release is available on the Arbitron Web site at www.arbitron.com and the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Web site at www.kcsa.com This press release contains 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. 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 in this release 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 Arbitron has derived from the information currently available to it. 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 whether we will be able to: - realize the benefits we expect to achieve from the spin-off; - successfully execute our business strategies, including timely implementation of our Portable People Meter(TM) and our Webcast Ratings(TM) services, as well as expansion of international operations; - continue to benefit from further consolidation in the radio industry; and - keep up with rapidly changing technological needs of our customer base, including creating new products and services that meet these needs. Additional important factors known to Arbitron that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in Arbitron's filings with the Securities and Exchange Commission, including in particular the risk factors discussed under the caption "ITEM 1. BUSINESS - Business Risks" 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. , which discussion is incorporated herein by reference. The forward-looking statements contained in this release speak only as of the date hereof, and Arbitron undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion