Arbitron announces workforce and expense reductions.

Arbitron Inc. announced, as a further step in its previously announced strategic realignment, a reduction in its workforce of approximately 10 percent of its full-time employees. The Company is also implementing a reduction in non-employee related expenses on a company-wide basis.

“The company is realigning and restructuring in order to focus on our strategic priorities: strengthening our radio measurement service and developing new, multimedia services. This restructuring is also designed to speed decision-making so that we can better capitalize on growth opportunities,” said Michael Skarzynski, President and Chief Executive Officer.

“The workforce reduction was a difficult and painful decision and I am grateful for the contributions of all of our employees. Arbitron is offering transition assistance and outplacement support for those colleagues exiting the company as a result of this restructuring and expense reduction program. The company is reevaluating the skill sets that we need given the rapidly changing and competitive media measurement marketplace. We also believe the cost reductions provided by this restructuring will contribute to the company’s long-term success.