Investors often overlook SEC filings, and it is the job of the 10Q Detective to dig through businesses’ 8-K and 10-Q SEC filings, looking for financial statement ‘soft spots,'(depreciation policies, warranty reserves, and restructuring charges, etc.)that may materially impact Quality of Earnings.
Tuesday, May 12, 2009
Arbitron Downplays Nielsen Threat
Arbitron Inc. (ARB-$20.34) confirmed in its first-quarter earnings report that the defection of key radio broadcasters to Nielsen for diary-based ratings services in certain small to mid-sized markets will adversely impact revenue by about $10 million per year starting in 2010. Will the country’s leading supplier of radio ratings data be able to supplant any additional contract losses in the sticker-diary business and invigorate organic growth with the national rollout of its electronic portable people meter (PPM)?