Arbitron Inc. Announces Stock Repurchase Program of Up to $100M

Arbitron Inc. (NYSE: ARB) today announced that its Board of Directors has authorized a program under which the company may repurchase up to $100 million in shares of the company's common stock.

The company expects the shares of common stock may be purchased from time to time in either open market or private transactions, in accordance with applicable insider trading and other securities laws and regulations, at then-prevailing market prices over a period of up to two years ending February 9, 2014.