StockGuru Trade Alert: Profile Stock Mega Media Group (MMDA) Up as Much as 48% Today and Up 205% from Last Monday
MMDA’s Price has More than Tripled Since Last Monday!
Mega Media Has Moved from $0.20 to $.061 in a Week!
Volume is Also Very Strong – At 929,829 Shares Traded, Today’s Volume is More than 14 Times the Ten-Day Average of 64,536!
Take a Look at Mega Media’s Press Release from this Morning:
Pulse 87 FM, Mega Media Group, Signs Multi-Year Agreement for Station-Specific Custom Portable People Meter(TM) Ratings
Station-specific estimates to be based on planned New York Portable People Meter Radio Ratings Panel;
Station also licensed to receive Standard Syndicated PPM Radio Ratings Service when available in New York
NEW YORK–Arbitron Inc. today announced that Mega Media Group (OTCBB: MMDA) has signed a multi-year contract for station-specific custom Portable People Meter listening estimates for “Pulse 87 FM,” (WNYZ-LP). WNYZ-LP broadcasts on the audio portion of a low-power television station on VHF channel 6.
In addition, it has signed an agreement to license the standard, syndicated Portable People Meter radio ratings services for the New York Metro, which does not include estimates for low-power television stations broadcasting as radio stations. Only AM and FM radio stations are currently eligible to be reported in Arbitron syndicated services. These agreements will take effect as and when Arbitron commercializes the new audience ratings technology in New York.
This agreement allows Mega Media Group to use both the monthly WNYZ-LP station-specific custom Portable People Meter listening estimates as well as the standard, syndicated New York Metro Portable People Meter radio ratings.
“PPM makes it possible for Arbitron to provide custom reports of the audience of Pulse 87 FM, a new station specifically targeted to the multi-racial and diverse mosaic of the five boroughs of New York City,” said Pierre Bouvard, president of sales and marketing for Arbitron Inc. “Radio is increasing its offerings through non-traditional channels and the PPM system was designed with the flexibility to provide custom solutions for all audio platforms.”
The monthly custom studies will report all standard dayparts, 21 demographics and listening estimates (including average-quarter-hour (AQH) persons, AQH rating, AQH share, Cume persons, Cume rating and Average Weekly Time Exposed) for WNYZ-FM.
Commenting on the announcement, Mega Media Group CEO, Alex Shvarts, stated, “In order to succeed in the radio industry it is imperative that advertisers have tangible statistical information concerning the depth and breadth of a station’s listening audience. Having the benefit of Arbitron ratings will allow Pulse 87.7 to reach the advertising community in a meaningful way and become a viable player in the top market in U.S. with over 15 million listeners.”
Over the next three years, Arbitron is scheduled to deploy the Portable People Meter in the top 50 U.S. radio markets in place of the paper diary method that the company has used to collect radio audience estimates since 1965.
Pulse 87, WNYZ-LP
Pulse 87, WNYZ-FM is a LPTV in the market, broadcasting in analog on VHF channel 6. While it does not broadcast video, its audio signal on 87.7 reaches the five boroughs, most of Long Island, central and north New Jersey. Its transmitter is on top of the Citicorp Building in Long Island City, Queens. Pulse 87 launched on February 11th, 2008 with the highly popular Star & Buc Wild Morning Show which was the top rated morning show in the NY Market. And with personalities Jewelz Lopez, Laura Stylez and Jimmy “Showboat” Fields who have served as popular radio hosts for years. Programming is led veteran Joel Salkowitz, who previously programmed for Clear Channel, Fox Television, Westwood One, ABC Radio, NBC Radio, Emmis Communications and Sirius.
About Mega Media Group
Mega Media Group, Inc. is a multimedia entertainment holding company with several subsidiaries that offer a broad range of services.
The divisions include recording, music production and distribution, video production, radio broadcasting, and Pulse87 a Rhythmic Top 40 Radio station serving the New York Tri State Area.
About Arbitron
Arbitron Inc. is a media and marketing research firm serving radio broadcasters, cable companies, advertisers, advertising agencies and outdoor advertising companies. Arbitron’s core businesses are measuring network and local market radio audiences across the United States; surveying the retail, media and product patterns of local market consumers; and providing application software used for analyzing media audience and marketing information data. The Company has developed the Portable People Meter, a new technology for media and marketing research.
Through its Scarborough Research joint venture with The Nielsen Company, Arbitron also provides media and marketing research services to the broadcast television, newspaper and online industries.
Arbitron’s marketing and business units are supported by its research and technology organization, located in Columbia, Maryland. Its executive offices are located in New York City.
Portable People MeterTM and PPMTM are marks of Arbitron Inc.
Arbitron Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding Arbitron Inc. and its subsidiaries in this document that are not historical in nature, particularly those that utilize terminology such as “may,” “will,” “should,” “likely,” “expects,” “anticipates,” “estimates,” “believes,” or “plans,” or comparable terminology, are forward-looking statements based on current expectations about future events, which we have derived from information currently available to us. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. These risks and uncertainties include, in no particular order, whether we will be able to:
* successfully implement the rollout of our Portable People MeterTM service;
* successfully design, recruit, and maintain PPM panels that appropriately balance research quality, panel size and operational cost;
* successfully obtain and/or maintain Media Rating Council accreditation for our audience measurement services;
* renew contracts with large customers as they expire;
* successfully execute our business strategies, including entering into potential acquisition, joint-venture, or other material third-party agreements;
* effectively manage the impact, if any, of any further ownership shifts in the radio and advertising agency industries;
* respond to rapidly changing technological needs of our customer base, including creating new proprietary software systems and new customer products and services that meet these needs in a timely manner;
* successfully manage the impact on our business of any economic downturn generally and in the advertising market in particular;
* successfully manage the impact on costs of data collection due to lower respondent cooperation in surveys, privacy concerns, consumer trends, technology changes and/or government regulations; and
* successfully develop and implement technology solutions to measure multi-media and advertising in an increasingly competitive environment.
There are a number of important factors known to Arbitron that could cause actual events or our actual results to differ materially from those indicated by such forward-looking statements, including, without limitation, the factors discussed or referenced under the heading “ITEM 1A. — RISK FACTORS” in our Annual Report on Form 10-K for the year ended December 31, 2007, and elsewhere, and any subsequent periodic or current reports filed by us with the Securities and Exchange Commission.
In addition, any forward-looking statements contained in this document represent our estimates only as of the date hereof, and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.
Mega Media Group Safe Harbor Statement: This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Mega Media Group’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. All information provided in this press release is as of March 10, 2008, and Mega Media Group undertakes no duty to update such information, except as required under applicable law.
Contact:
Arbitron Inc.
Jessica Benbow, 410-312-8363
jessica.benbow@arbitron.com
Source: Arbitron Inc.
About Medga Media: Mega Media Group, Inc. is a multimedia entertainment holding company with several subsidiaries that offer a broad range of services. The divisions include talent management, music publishing, recording, music production and distribution, video production, radio broadcasting, and Russian ethnic programming.
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