12-18-14
The purchase price was $3.25 million for WJKS-FM/Canton, NJ and WFAI-AM in Salem, NJ. Delmarva Broadcasting is purchasing the stations from QC Communications, which is owned by Steve Chanin. Both stations show up in the Wilmington, DE ratings and the studios are in Wilmington. Larry Patrick of Patrick Communications was the exclusive broker for this deal.
8-1-13
That $6.1 million was in Q2 of this year. The deal was announced eight months ago and is still hung up getting regulatory approval. Arbitron took in $107.4 million in revenue in the second quarter of 2013, a 2.9 percent increase. Net income for the quarter was $7.1 million or $0.26 per share, compared to $10 million, or $0.37 per share, in Q2 of 2012. Arbitron also says it invested $3.3 million in Arbitron Mobile during the quarter.
Arbitron President and Chief Executive Officer Sean Creamer said he was pleased with the financial performance and operating results of the business for the second quarter and year-to-date. "As the media and advertising marketplaces continue to evolve and new technologies permit consumers to consume content virtually anytime and anywhere, it is important we keep pace with these changes to ensure radio gets full credit for its audience, regardless of the delivery platform. Radio is growing and vibrant, and we are committed to helping the radio industry tell and validate its complete and compelling story."
Excluding the $6.1 million in costs for the pending Nielsen transaction incurred during the quarter, EBIT in the second quarter 2013 would have been $19.0 million, an increase of 19.0 percent compared to the second quarter 2012, yielding an EBIT margin of 17.7 percent as compared to 15.3 percent in the second quarter of 2012. Excluding costs related to the pending merger with Nielsen, second quarter EPS would have been $0.43, an increase of 16.2 percent over the second quarter of 2012.
Add a Comment Send This Story To A Friend
4-2-2012
With Inner City in bankruptcy, KBLX-FM will soon become an Entercom property in San Francisco as Entercom CEO David Field (pictured) has agreed to pay $25 million cash for the urban station. That will give Entercom four stations in San Francisco and Market Manager Dwight Walker said "KBLX has done a magnificent job of serving the local community and we look forward to continuing to do that at Entercom.? Entercom will operate KBLX under a time brokerage agreement once the paperwork is approved by the bankruptcy court. Closing is expected later this year.
Field stated: ?We could not be more pleased to add KBLX-FM to our San Francisco radio line-up. KBLX is the leading urban radio station in the San Francisco market and has a long history of producing distinctive and compelling programming. The addition of KBLX strengthens our competitive positioning in San Francisco and enhances our ability to provide outstanding content to our listeners and broad audience reach and effective marketing opportunities to our advertisers.?
Add a Comment Send This Story To A Friend
As we reported earlier this week Arbitron was making noise about a possible service to rate online listening. Yesterday the company announced it has purchased Finland based Zokem, a mobile measurement and analytics company. Zokem says it provides "passive on-device metering which allows us to interpret people?s needs, opinions and trends as they emerge in daily life." Zokem was launched 3 years ago and is based in Otaniemi, Finland, the company employs currently 25 people. Zokem founder and CEO Hannu Verkasalo (pictured) will continue to run the company, however it will now be called Arbitron Mobile.
Zokem says it has a patented mobile measurement system based on real-time information on user behavior and context, ultimately interpreting everything that people do in life. "With one simple mobile application, you may find out which apps get the most face time from the global mobile audience, or what are the top markets and contexts for different service categories. Zokem allows you to benchmark your mobile service offering against your competition, carry out technical measurements, such as signal strengths, track consumer behavior and opinions, measure your mobile ad campaigns, and lots more."
Zokem was launched 3 years ago and is based in Otaniemi, Finland, the company employs currently 25 people. Zokem founder and CEO Hannu Verkasalo (pictured) will continue to run the company, however it will now be called Arbitron Mobile. The purchase price was approximately $11.7 million in cash with possible additional incremental cash payments through 2014 of up to $12 million based on future financial performance.