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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 9, 2007
Arbitron Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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1-1969
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52-0278528 |
(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification Number) |
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142 West 57th Street
New York, New York
(Address of principal executive offices)
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10019-3300
(Zip Code) |
(212) 887-1300
(Registrants telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure
On November 9, 2007 Arbitron Inc. (Arbitron or the Company) will hold a conference call
with its Portable People Meter (PPM) customers regarding the Companys progress with its Portable
People Meter service. The Company intends to discuss the following issues, among others, during
the conference call:
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Daily and monthly sample size and quality in Philadelphia and Houston, and other
information regarding New York PPM pre-currency radio ratings data; |
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The terms of the Companys previously announced PPM sample size guarantee,
including, without limitation: |
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The Companys proposal to rebate to its PPM customers an aggregate amount equal
to the product of: |
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one percent of the net license fee actually paid by the customer for PPM
radio ratings in a market for a monthly survey period in which the Companys
delivered average daily in-tab among persons 6+ falls below the threshold
established by the Company for that market during the applicable monthly survey
period; multiplied by |
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the number of percentage points by which the Companys delivered average
daily in-tab among persons 6+ falls below the threshold established by the
Company for that market during the applicable monthly survey period. |
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Rebates will be applied in the form of a credit which will be
calculated and reported once per year for each PPM customer; |
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The rebate will apply only to the Companys syndicated
PPM-based radio market report service and respondent level data
access. Software license fees and other fees will not be eligible for
the rebate; |
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For Philadelphia and Houston the established threshold will be equal to 90% of
the Companys average daily in-tab target among persons 6+ for any applicable
monthly survey period; |
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For Philadelphia and Houston the guarantee will be applicable beginning with the
October 2007 survey; |
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For New York and all subsequent markets the established threshold will be equal
to 85% of the Companys of the average daily in-tab target among persons 6+ for the
first currency monthly survey period, and will increase by one percentage point per
monthly survey period thereafter, but no event higher than 90%; |
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For New York and all subsequent markets the guarantee will be applicable
beginning with the first monthly survey period of PPM currency in such market; and |
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Update on the progress of panel build-out of markets previously announced to be
commercialized in the near future, and other issues related to the transition from
diary-based to PPM-based currency. |
The slides to be used on the call are attached hereto as Exhibit 99.1.
The information in this Form 8-K (including Exhibit 99.1) shall not be deemed filed for
purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise
subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such a filing.
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Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following exhibit relating to Item 7.01 shall be deemed to be furnished, and not filed:
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99.1 |
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Slides from conference call with PPM customers on November 9,
2007 |
Forward-Looking Statements
This Form 8-K (including Exhibit 99.1) contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. The statements regarding Arbitron Inc.
and its subsidiaries (we, our, Arbitron or the Company) in this document that are not
historical in nature, particularly those that utilize terminology such as may, will, should,
likely, expects, anticipates, estimates, believes, or plans or comparable terminology,
are forward-looking statements based on current expectations about future events, which Arbitron
has derived from information currently available to it. These forward-looking statements involve
known and unknown risks and uncertainties that may cause our results to be materially different
from results implied in such forward-looking statements. These risks and uncertainties include, in
no particular order, whether we will be able to:
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successfully implement the rollout of our Portable People MeterTM
service; |
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renew contracts with large customers as they expire; |
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successfully execute our business strategies, including entering into potential
acquisition, joint-venture or other material third-party agreements; |
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effectively manage the impact of any further ownership shifts in the radio and
advertising agency industries; |
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respond to rapidly changing technological needs of our customer base, including creating
new proprietary software systems and new customer products and services that meet these
needs in a timely manner; |
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successfully manage the impact on our business of any economic downturn generally and in
the advertising market in particular; |
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successfully manage the impact on costs of data collection due to lower respondent
cooperation in surveys, privacy concerns, consumer trends, technology changes and/or
government regulations; |
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successfully develop and implement technology solutions to measure multi-media and
advertising in an increasingly competitive environment; and |
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successfully obtain and/or maintain Media Rating Council® accreditation for our audience
measurement services. |
Additional important factors known to Arbitron that could cause actual results to differ
materially from our forward-looking statements are identified and discussed from time to time in
Arbitrons filings with the Securities and Exchange Commission, including in particular the risk
factors discussed under the caption ITEM 1A. RISK FACTORS in Arbitrons Annual Report on Form
10-K for the year ended December 31, 2006.
The forward-looking statements contained in this document speak only as of the date hereof,
and Arbitron undertakes no obligation to correct or update any forward-looking statements, whether
as a result of new information, future events or otherwise.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly
authorized.
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ARBITRON INC.
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Date: November 9, 2007 |
By: |
/s/ Timothy T. Smith
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Timothy T. Smith |
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Executive Vice President, Legal and Business
Affairs, Chief Legal Officer and Secretary |
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