Meredith TV Group Signs With Rentrak's Local Television Ratings Service in Two Top-30 Markets
Meredith TV Group Signs With Rentrak's Local Television Ratings Service in Two Top-30 Markets
-- Rentrak Ratings Precision and Stability Allow Meredith Stations to Better Position Their Value with Advertisers --
PORTLAND, Ore., Aug. 2 /PRNewswire-FirstCall/ -- Rentrak Corporation (NASDAQ:RENT), the leader in multi-screen media measurement serving the advertising and entertainment industries, today announced a contract with Meredith Corporation (NYSE:MDP), one of the nation's leading media and marketing companies. Meredith's Local Media Group properties include 12 local television stations in key markets throughout the nation. Meredith will begin using Rentrak's local television measurement service, StationView Essentials, for its CBS-affiliates WGCL-TV in Atlanta and WFSB-TV in Hartford-New Haven.
Adding two new stations and markets for Rentrak, whose local clients now total 40 station clients in 21 markets, further highlights the support Rentrak has gained from TV stations and groups who are embracing new ways to measure their audiences and the value their stations bring to advertisers.
"We are excited to be partnering with Rentrak," said Doug Lowe, Executive Vice President, Broadcast Group at Meredith Corporation. "Rentrak leverages massive databases of television viewing and consumer behaviors, which will provide Meredith stations both important data about viewing trends in our markets, and more importantly, valuable information to demonstrate the value we bring to advertisers."
"Rentrak's TV database currency provides local stations and their agency and advertiser partners with the data and context which give them a significant competitive edge," said Steven Walsh, Rentrak's Senior Vice President, Local Market Sales. "With traditional data combined with unique metrics like ARI (Ad Retention Index), 'Stickiness Index,' audience-density heat maps and consumer database overlays, Rentrak is continuing to rapidly accelerate our local marketplace momentum by providing more stable, granular measurement of audience size in concert with new metrics surrounding viewer engagement."
Measuring all 210 local TV markets, Rentrak's StationView Essentials service features the only fully-integrated database of detailed Satellite, Telco TV and Cable viewing information from millions of televisions nationwide that combines segmentation and customer databases with TV viewing information in order to generate relevant "purchaser ratings" for its clients.
About Rentrak Corporation
Rentrak Corporation is a global digital media measurement and research company, serving the most recognizable companies in the entertainment industry. With a reach across numerous platforms including box office, home entertainment, video on demand and linear television, broadband and mobile, Rentrak has developed more efficient metrics to be used as alternative currencies for the evaluation and selling of media. Rentrak is headquartered in Portland, Oregon, with additional offices worldwide. For more information on any of Rentrak's services, please visit www.rentrak.com.
About Meredith Corporation
Meredith Corporation (www.meredith.com) is one of the nation's leading media and marketing companies serving American women with businesses centering on magazine and book publishing, television broadcasting, integrated marketing and interactive media. Meredith owns or operates 12 television stations that reach nearly 10 percent of television households across the country and one radio station: WGCL-TV (CBS), Atlanta; KPHO-TV (CBS), Phoenix; KPDX-TV (MYN), Portland, OR; KPTV (FOX), Portland, OR; WFSB-TV (CBS), Hartford-New Haven, CT; WSMV-TV (NBC) Nashville, TN; KCTV (CBS), Kansas City, MO; KSMO (MYN), Kansas City, MO; WHNS-TV (FOX), Greenville-Spartanburg-Anderson, SC-Asheville, NC; WNEM-TV (CBS), Flint-Saginaw, MI; KVVU-TV (FOX), Las Vegas, NV; and WSHM, (CBS), Springfield, MA and radio station WNEM-AM in Saginaw-Bay City, MI.
Contacts for Rentrak:
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Rogers & Cowan
Sallie Olmsted / Amanda Bialek
(310) 854-8124 / (310) 854-8151
solmsted@rogersandcowan.com / abialek@rogersandcowan.com
Source: Rentrak Corporation
CONTACT: Sallie Olmsted, +1-310-854-8124, solmsted@rogersandcowan.com,
or Amanda Bialek, +1-310-854-8151, abialek@rogersandcowan.com, both of Rogers
& Cowan, for Rentrak
Web Site: http://www.rentrak.com/
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