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July 31, 2015 3:39 AM ET

Media

Company Overview of Beasley Broadcast Group Inc.

Company Overview

Beasley Broadcast Group, Inc., a radio broadcasting company, operates radio stations in the United States. As of March 11, 2015, the company owned and operated 53 stations, including 33 FM stations and 20 AM stations located in 12 large- and mid-size markets in the United States. Beasley Broadcast Group, Inc. was founded in 1961 and is headquartered in Naples, Florida.

3033 Riviera Drive

Suite 200

Naples, FL 34103

United States

Founded in 1961

490 Employees

Phone:

239-263-5000

Fax:

239-263-8191

Key Executives for Beasley Broadcast Group Inc.

Founder, Chairman and Chief Executive Officer
Age: 82
Total Annual Compensation: $705.8K
President, Chief Operating Officer and Director
Age: 57
Total Annual Compensation: $459.1K
Chief Financial Officer, Executive Vice President, Treasurer, Secretary and Director
Age: 52
Total Annual Compensation: $440.3K
Compensation as of Fiscal Year 2014.

Beasley Broadcast Group Inc. Key Developments

Beasley Broadcast Group Inc. Declares Quarterly Cash Dividend of Its Class A and Class B Common Stock Payable on July 10, 2015

Beasley Broadcast Group Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.045 per share of its Class A and Class B common stock. The dividend is payable on July 10, 2015, to shareholders of record on June 30, 2015.

Beasley Broadcast Group Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Beasley Broadcast Group Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of $24,250,839 against $12,955,429 a year ago. Operating income was $2,575,129 against $606,069 a year ago. Income from continuing operations before income taxes was $2,098,928 against loss of $594,607 a year ago. Income from continuing was $1,298,384 or $0.06 per diluted and basic share against loss of $1,515,717 or $0.07 per diluted and basic share a year ago. Net income was $1,298,384 against $682,872 a year ago. Net income per diluted and basic share was $0.06 against $0.03 a year ago. Net cash provided by operating activities was $1,564,316 against $4,214,341 a year ago. Pro forma net revenue was $24,248,267 against $27,033,560 a year ago. The pro forma revenue decline is primarily attributable to overall market weakness in Charlotte and Tampa-St. Petersburg and softer ad sales at Wilmington cluster during the first quarter, company's reduction in spot units at the newly acquired stations and revenue in 2014 first quarter in Charlotte and Tampa-St. Petersburg related to the CBS affiliation that did not recur due to the change in ownership.

Beasley Broadcast Group Inc. to Report Q1, 2015 Results on May 08, 2015

Beasley Broadcast Group Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 08, 2015

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Recent Private Companies Transactions

Type
Date
Target
Buyback
May 29, 2015
--
Merger/Acquisition
October 2, 2014
CBS Radio Stations, Inc., 14 Radio Stations in Tampa-St. Petersburg, Charlotte and Philadelphia
 

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