Arbitron announced that its board of directors has authorized a stock repurchase program under which the company may buy back up to 200 million bucks worth of shares of common stock. The exact timing and amount of purchases will depend on market conditions. As of October 31, 2007 Arbitron had approximately 28,232,700 shares outstanding. Arbitron completed a previously authorized 100 million bucks stock repurchase during Q3.
Sign up for free to get:
The Daily Intelligence Report delivered to your inbox.
RBR+TVBR delivers complete broadcasting news analysis and our famous observations.