Arbitron Updates Financial Guidance for 2006; Arbitron Announces Termination of Nielsen Media Research Option for Portable People Meter Joint Venture; Company to Focus on Its Proposed ``Radio First'' Deployment of the Portable People Meter System.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 earlier today the termination of Nielsen Media Research's option, under a May 2000 agreement, to join Arbitron in a commercial deployment of 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(SM)) as a radio and television ratings Television ratings may refer to:
Arbitron will now concentrate its efforts on previously announced plans to create a PPM 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. for radio as well as to develop other, non-currency services for the broadcast television and cable industry. The range for the 2006 Earnings per Share guidance issued by Arbitron on January 24, 2006 accounted for the possibility that Nielsen might not exercise its option. The company stated at that time that refinements to guidance estimates would be provided as such decisions were made. Taking into account the decision by Nielsen and the current status of Arbitron's efforts to create, on its own, a PPM-based ratings service for radio, the company now expects that Earnings Per Share (diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. ) for the year ending December 31, 2006 is expected to be between $1.65 and $1.70. Arbitron's year-end 2006 revenue guidance is unchanged. As previously stated, year end 2006 revenue is expected to increase between 6 percent and 8 percent compared to year end 2005. Commenting on the updated guidance, 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 , president and chief executive officer of Arbitron, said, "We have spoken often of our commitment to bring electronic measurement to radio with or without Nielsen as a joint venture partner. Our forecasts to date have reflected both those possibilities. Now that Nielsen Media Research has not exercised its option, we are refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar our 2006 Earnings per Share guidance to reflect the previously anticipated financial impact of commercializing PPM on our own." Conference Call: Schedule and Access Arbitron will host a brief conference call at 11:00 a.m. ET Thursday, March 2 to entertain any questions from the investment community related to this announcement. Management will not address issues beyond the scope of the announcements in this release on tomorrow's conference call. To listen to the call, dial the following telephone number: 888-802-8577 (Domestic) and 973-935-2981 (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 12:00 p.m. on March 2, 2006, through 11:59 p.m. on March 9, 2006. Please call: 877-519-4471 (Domestic); 973-341-3080 (International); ID Code for Replay: 7104882. About Arbitron Arbitron Inc. (NYSE: ARB) is an international media and marketing research firm serving radio broadcasters, cable companies, advertisers, advertising agencies and outdoor advertising companies in the United States, 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 (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. 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 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 Arbitron has derived from 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: --renew all or part of contracts with large customers as they expire; --successfully execute our business strategies, including implementation of our Portable People Meter services and to execute potential joint venture or third party agreements; --effectively manage the impact of any further consolidation in the radio and advertising agency industries; --keep up with 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; and --successfully manage the impact on costs of data collection due to privacy concerns, technology changes and/or government regulations. 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. . The forward-looking statements contained in this document 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