Radio Facts: William T. Kerr to Serve as Chief Executive Officer
Investor Call Scheduled for 12:00 pm (ET) Tuesday January 12, 2010
COLUMBIA, MD ““ JANUARY 11, 2010 ““The Board of Directors of Arbitron, Inc. (NYSE: ARB) announced today that, effective immediately, Michael P. Skarzynski has resigned as President and Chief Executive Officer, and as a member of the Company's Board of Directors. Also effective immediately, William T. Kerr, a member of the Company's Board of Directors, will become Arbitron's President and Chief Executive Officer.
“Bill's experience as a Chief Executive Officer and Chairman of a large public media company coupled with his board memberships make him uniquely qualified to lead Arbitron. Additionally, Bill's service as a member of Arbitron's Board of Directors should provide a fast and effective transition into his new role,” said Philip Guarascio, Chairman of the Board, Arbitron Inc.
Mr. Skarzynski and the Company's Board together determined that he had violated a Company policy in a matter entirely unrelated to the financial performance of the Company. Accordingly, Mr. Skarzynski has submitted his resignation to the Company.
Arbitron will host a conference call at 12:00 noon Eastern Time, Tuesday January 12.
The Company invites you to listen to the call by dialing (toll free) 888-562-3356. The conference call can be accessed from outside of the United States by dialing 973-582-2700. To participate, users will need to use the following code: 50602911. The call will also be available live on the Internet at the following sites: www.arbitron.com and www.streetevents.com.