Spanish Broadcasting System, Inc. (Nasdaq:SBSA) (SBS) and Arbitron Inc. (NYSE: ARB) announce today that they have entered into a settlement agreement. SBS will resume encoding its broadcast signals for all of its markets that use the Arbitron's Portable People Meter™ (PPM™) radio ratings service, and SBS has extended its agreement with Arbitron for the use of PPM ratings in those markets.

Frank Flores, SBS Chief Revenue Officer, endorsed the outcome, noting: "Both Arbitron and SBS are committed to working together to address SBS's previously-voiced concerns about the impact of the PPM service on minority radio broadcasters."

"SBS is a valued client, and we look forward to growing our relationship, and moving forward together in a productive and meaningful way," said William T. Kerr, Arbitron Chief Executive Officer and President. "We believe that the radio industry is best served when Arbitron and broadcasters work collaboratively."

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