Arbitron Full Year Revenue Up 6.5%

Radio ratings giant Arbitron has reported 2012 revenue up an impressive 6.5%. In the fourth quarter, growth was slower and net income was slightly dented by costs relating to the forthcoming Nielsen merger.

In December, Nielsen announced its intention to acquire Arbitron for around $1.26 billion. While the transaction has been approved by both Boards, earlier this month, the firms agreed to provide the FTC with additional time to consider the proposed takeover, following allegations that Arbitron's directors had 'failed to maximize shareholder value' in the proposed sale.

On the back of $5.2m in consulting, legal and other expenses relating to the pending takeover, Arbitron's fourth quarter net income dropped to $13.4m from $14.1m in the prior year period. However, revenue increased 3.8% to $124.7m, compared with $120.1m in Q4 2011.

Full-year sales were up 6.5% to $449.9m, and net income increased 6.8% to $56.9m.

President and CEO Sean Creamer (pictured) said that in 2012, Arbitron had maintained its focus on long-standing objectives of: 'continued growth in our core revenue, improving margins while aggressively investing in the quality of our radio ratings services, and entry into new markets such as digital radio, cross-platform, and mobile,' he added.

Web site: www.arbitron.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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