Arbitron and Midwest Television Sign Multi-Year Agreement for Portable People Meter(TM) Radio Rating Services
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Arbitron Inc. (NYSE:ARB) today announced that Midwest Television, Inc.
has signed a multi-year contract for Portable People Meter radio ratings
services for KFMB-AM and KFMB-FM. This agreement will take effect as and
when Arbitron commercializes the new audience ratings technology in San
Diego.
"This advance in ratings gathering technology
signals a watershed moment for our industry,”
said Gina Landau, 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,
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 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 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; 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. Arbitron has
approximately 2,100 employees; its executive offices are located in New
York City.
Through its Scarborough Research joint venture with The Nielsen Company,
Arbitron also provides media and marketing research services to the
broadcast television, newspaper and online industries.
Portable People MeterTM and PPMTM
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 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 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.