Arbitron Q2 Revenues Up, Net Income Falls
July 20, 2006 at 6:16 AM (PT)
ARBITRON second quarter revenues rose 6.2% to $74.2 million, but increased spending on PPM and Project Apollo initiatives resulted in a net income decrease of 52.2% to $7.4 million (24 cents/diluted share).
For the third quarter, ARBITRON expects a 6-8% revenue increase and earnings per share of 59-62 cents. Year-end guidance remains for a 6-8% revenue increase and earnings of $1.69-$1.74/share.
Meanwhile, R&R Publisher/CEO ERICA FARBER has resigned her seat on ARBITRON's Board Of Directors. It comes as a result of R&R being acquired by VNU, which has business ties with ARBITRON, and it would set up a conflict of interest.