Arbitron and Midwest Television Sign Multi-Year Agreement for Portable People Meter(TM) Radio Rating Services.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 Midwest Television, Inc. has signed a multi-year contract for 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. radio ratings services 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 KFMB-AM and KFMB-FM. This agreement will take effect as and when Arbitron commercializes the new audience ratings technology in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . "This advance in ratings gathering technology signals a watershed moment for our industry," said Gina Landau lan·dau n. 1. A four-wheeled carriage with front and back passenger seats that face each other and a roof in two sections that can be lowered or detached. 2. A style of automobile with a similar roof. , Vice President and General Manager, KFMB-AM/FM. "The advent of more accurate audience reporting, particularly at an unprecedented time of downturn, will make a tremendous difference in our ability to compete for Radio's fair share of total ad dollars in the future. The KFMB Stations are pleased to be among the first in the San Diego Market to secure PPM service." Over the next three years, Arbitron is scheduled to deploy the Portable People Meter in the top 50 markets in place of the paper diary method that the company has used to collect radio audience estimates since 1965. About Midwest Television Midwest Television, Inc., headquartered in Champaign, Illinois “Champaign” redirects here. For topics with similar names, see Champagne. Champaign is a city in Champaign County, Illinois, in the United States. As reported in the 2000 U.S. Census, the city was home to 67,518 people. , purchased KFMB-AM, FM and TV in 1964. KFMB studios were then located at 5th and Ash Streets in downtown San Diego. KFMB moved to its present location in Kearny Mesa Kearny Mesa is a community in eastern part of San Diego, California. It is located in the area of the city that is bounded by California State Route 52 to the north, Interstate 805 to the west, Aero Drive to the South, and Interstate 15 to the east. in 1977. KFMB is the only broadcaster to offer the community two radio stations and a TV station. On the AM dial, KFMB 760 Talk Radio informs and entertains listeners with some of the city's most popular and controversial talk personalities. 100.7 JACK FM is one of the first stations in America to adopt the new Adult Hits music format. KFMB-TV is home to the CBS (Cell Broadcast Service) See cell broadcast. network, News 8 - the #1 rated news station in San Diego. About Arbitron Arbitron Inc. (NYSE:ARB) is a media and marketing research firm serving radio broadcasters, cable companies, advertisers, advertising agencies and outdoor advertising companies. Arbitron's core businesses are measuring network and local market radio audiences across 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. ; 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. 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 2,100 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 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 also provides media and marketing research services to the broadcast television, newspaper and online industries. Portable People Meter(TM) and PPM(TM) are marks of Arbitron Inc. Arbitron Forward-Looking Statements This press release contains forward d-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 ("we," "our," "Arbitron" or the "Company") 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, in no particular order, whether we will be able to: * successfully implement the rollout of the Portable People Meter service; * 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 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; * successfully design, recruit, and maintain PPM panels that appropriately balance research quality, panel size and operational cost; * successfully develop and implement technology solutions to measure multi-media and advertising in an increasingly competitive environment; and * successfully obtain and/or maintain Media Rating Council accreditation for our audience measurement services. Additional important factors known to Arbitron that could cause actual results to differ materially from our forward-looking statements 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 1A. RISK FACTORS" in Arbitron's 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, 2006. 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. |
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