Wednesday, March 25, 2009

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Arbitron cuts jobs, reaffirms 2009 outlook

Media ratings service company Arbitron Inc (ARB.N) said it reduced its workforce of full-time employees by about 10 percent and reaffirmed its 2009 outlook.
* To reduce workforce by about 10 pct full-time employees
* Says reducing non-employee related expenses
* Sees pre-tax expenses of $8 mln-$9 mln in Q1
* Reiterates 2009 revenue and earnings outlook

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