Comscore, which reported a wider loss in the second quarter, said it is conducting a strategic review of the company.
It was unclear whether the review could lead to the sale of all or part of the company. But when asked during the company’s earnings call Tuesday whether the company might sell its movie measurement business, CEO Dale Fuller said “we are looking at all strategic options for the company."
Comscore, once seen as a potential competitor to Nielsen as the primary source of TV measurement, has been stalled since accounting issues cropped up in 2016. Since then the company has had to conduct a costly and distracting re-audit and seen a series of CEO and other top managers go in and out of a revolving door.
Comscore stock, as high as $20 a share in September, closed at $3.02 on Tuesday.
“We're not pleased with the performance of our stock,” said Fuller, who took over as CEO in April. “We, as a team, are finally undertaking important, thoughtful and critical steps to position Comscore for the significant opportunities that are in front of us.”
Fuller said the company is concentrating its people and investments on the industry’s emerging growth areas. He listed those as cross-platform through premium video, movies on-demand, addressable advertising and campaign ratings.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.
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