comScore Plans to File Financial Results

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comScore said it expects to file its annual report for 2017 and audited financial statements for 2016 and 2015 on Friday after the market closes.

The company was forced to do a re-audit after accounting issues cropped up two years ago. Since then, its stock has been delisted, it has gone through two CEOs and control of the company has passed to activist investor Starboard Value.

The issues came up following comScore’s acquisition of Rentrak. Combining comScore, a leader in online measurement, with Rentrak, which uses big data to measure TV, was expected to create a competitor to market leader Nielsen.

Instead management attention was diverted and millions were spent on the re-audit.

ComScore also said that it would be releasing restated results for 2013 and 2014 and will have a business update conference call on Monday.

Because of the irregularities and the re-audit, comScore has not filed normal quarterly reports this year.

The company said it expects to file 10Q reports for the quarters ended Sept. 30, June 30 and March 31, 2017 on Friday.

Jon Lafayette
Jon Lafayette

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.