In the PPM the time lag is about 2½ to three weeks, depending on the size of the market; this is for processing and verification. It is a little bit more in the continuous diary markets because there is a time period needed for the last week's diaries to be mailed, received and processed. So the diary reports come out 3 to 4 weeks after the end of the last week of measurement.
The system is "current" because there is a currency report 12 times a year, not 4 times. That means that the most recent report is only about a month old, not up to four months. There is no way to speed up a paper diary system, although there is hope that a diary app will obviate that whole thing.
Previously, we had a several week hiatus starting on a Thursday in mid-December and ending on a Wednesday in the first week of January. There was also a hiatus after the Winter book of one week. With the change to the PPM, and the need to keep the panel activated always, the blackouts were eliminated and we got a 13th month in each year.
Nielsen measures weeks starting Thursday and ending Wednesday, and so the calendar dates vary every year.