Q1 media results: Arbitron profit fell 8.4 percent from the...
Q1 media results: Arbitron profit fell 8.4 percent from the year-ago quarter to $16.3 million, the company said in a news release (http://bit.ly/YvIbFW). Arbitron said some of the hit came from $3.2 million in expenses related to the company’s pending…
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acquisition by Nielsen Holdings, which was approved by Arbitron’s shareholders in April. Expenses in Q1 also rose because of “planned incremental investments in Arbitron Mobile panels, costs associated with address-based sampling, in-person recruiting, and cell-phone household recruiting,” Arbitron said. Revenue rose 34 percent to $112 million. ... Nexstar profit dropped from $3.16 million to $705,000. The company blamed some of the drop on the absence of political ad revenue, but said (http://bit.ly/15q8XIs) it had a record quarter for net revenue, with a 34.2 percent increase to $112.2 million. CEO Perry Sook predicted the company would generate “record revenue and free cash flow in 2013, even without the benefit of the record levels of political revenues we generated in 2012."