Abrams Capital Sells More Arbitron Shares

In the US, Abrams Capital Management has continued its sale of shares in radio ratings giant Arbitron, raising $2.51m and adding to more than $20m raised earlier in the year.

At the end of February, Abrams sold 250,000 Arbitron shares at an average price of $40.06 and total value of $10.01m. Then last month, the firm sold a further 270,097 shares for $10.95m, at an average price of $40.38. This week's sale amounted to 62,700 shares.

Boston-based Abrams Capital Management, which was founded in 1998 by David Abrams (pictured), continues to hold 2.96 million Arbitron shares worth around $116.03m.

Web site: www.arbitron.com .