Arbitron, Clear Channel Handshake Now In Question?
April 21, 2009 at 7:31 AM (PT)
Despite what you may have heard elsewhere, ALL ACCESS now hears that a deal between ARBITRON and CLEAR CHANNEL is not imminent.
Word is that a new, late-stage option for CLEAR CHANNEL may have emerged that may take any deal off the table with ARBITRON.
In a conference call held this morning focused on the company's Q1 financials, ARBITRON Pres./CEO MICHAEL SKARZYNSKI deflected any discussion of the ongoing negotiations with CLEAR CHANNEL by saying "the company does not comment on ongoing customer negotiations," and explained any announcement would be made in a future 8K filing.
SKARZYNSKI, in responding to a question, did state that if negotiations with a client stopped or were closed -- that even would trigger an 8K filing as well.