Arbitron Q2 Revenue Increases 2.9%
August 1, 2013 at 2:11 PM (PT)
ARBITRON INC. saw revenue increase 2.9% year-to-year to $107.4 million in second quarter 2013, with net income down from $10 million to $7.1 million (37 to 26 cents/share; excluding costs related to the pending merger with NIELSEN, 43 cents/share).
President and CEO SEAN R. CREAMER said, "I am pleased with the financial performance and operating results of the business for the second quarter and year-to-date.
"In the second quarter, we maintained focus on our long term priorities: investing in and growing our core radio services, evaluating and implementing quality initiatives to enhance the value and utility of our offerings, and exploring emerging opportunities with an emphasis on those that allow us to highlight the power and advantages of radio.
"As the media and advertising marketplaces continue to evolve and new technologies permit consumers to consume content virtually anytime and anywhere, it is important we keep pace with these changes to ensure radio gets full credit for its audience – regardless of the delivery platform. Radio is growing and vibrant - and we are committed to helping the radio industry tell and validate its complete and compelling story."