January 26, 2015 3:32 PM ET


Company Overview of Beasley Broadcast Group Inc.

Company Overview

Beasley Broadcast Group, Inc., a radio broadcasting company, is engaged in operating radio stations in the United States. As of December 5, 2014, the company owned and operated 53 stations, including 33 FM stations and 20 AM stations located in twelve large- and mid-size markets in the United States. It also operated one station in the expanded AM band in Augusta, Georgia. Beasley Broadcast Group, Inc. was founded in 1961 and is based in Naples, Florida.

3033 Riviera Drive

Suite 200

Naples, FL 34103

United States

Founded in 1961

417 Employees





Key Executives for Beasley Broadcast Group Inc.

Age: 81
Total Annual Compensation: $688.3K
Age: 56
Total Annual Compensation: $447.7K
Chief Financial Officer
Age: 51
Total Annual Compensation: $429.4K
Compensation as of Fiscal Year 2013.

Beasley Broadcast Group Inc. Key Developments

Beasley Broadcast Group Layoffs Jobs at Charlotte Radio Stations

Beasley Broadcast Group, which acquired seven Charlotte radio stations this month from CBS Radio, has shed about a dozen or more jobs at the operation in a wave of layoffs.

Beasley Broadcast Group Declares Quarterly Cash Dividend Payable on January 9, 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 January 9, 2015, to shareholders of record on December 31, 2014. While the company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.

Beasley Broadcast Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Beasley Broadcast Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenues of USD 13,047,411 compared to USD 13,726,904 a year ago. Operating income was USD 938,874 compared to USD 1,719,291 a year ago. Income from continuing operations before income taxes was USD 112,150 compared to USD 403,359 a year ago. Loss from continuing operations was USD 7,718 compared to income from continuing operations of USD 211,491 a year ago. Net income was USD 2,458,810 compared to USD 3,186,891 a year ago. Net income per share was USD 0.11 compared to USD 0.14 a year ago. The company spent USD 823,000 in CapEx, of which USD 713,000 was from continuing operations. For the nine months, the company reported net revenues of USD 40,143,834 compared to USD 41,070,224 a year ago. Operating income was USD 3,805,200 compared to USD 5,563,504 a year ago. Income from continuing operations before income taxes was USD 672,096 compared to loss from continuing operations before income taxes of USD 1,310,655 a year ago. Loss from continuing operations was USD 162,257 compared to USD 576,934 a year ago. Net income was USD 6,162,971 compared to USD 7,965,347 a year ago. Net income per share was USD 0.27 compared to USD 0.35 a year ago. Net cash provided by operating activities were USD 13,162,883 compared to USD 14,047,435 a year ago. The company spent USD 2.6 million in CapEx, of which USD 2.3 million is from continuing operations.

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Recent Private Companies Transactions

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