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July 21, 2009
Arbitron Inc. ARB today announced financial results for the second quarter ended June 30, 2009.Net income for the quarter was $3.5 million or $0.13 per share (diluted), compared with $600 thousand or $0.02 per share (diluted) for the second quarter of 2008.For the second quarter of 2009, the Company reported revenues of $86.8 million, an increase of 10.4 percent over revenue of $78.7 million during the second quarter of 2008.
As anticipated, revenue growth in the quarter benefited from the Company's commercialization of its Portable People Meter((TM)) (PPM((TM))) ratings service in Boston as well as the recognition of pre-currency revenue in five new PPM markets - Miami-Ft. Lauderdale-Hollywood, Seattle-Tacoma, Phoenix, Minneapolis-St. Paul and San Diego.
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