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February 06, 2016 4:54 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 on Class A and Class B Common Stock, Payable on January 8, 2016

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 8, 2016, to shareholders of record on December 31, 2015.

Beasley Broadcast Group Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Reports Impairment Loss for the Third Quarter of 2015

Beasley Broadcast Group Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net Revenues were $26,264,321 against $13,047,411 a year ago. Operating loss was $79,683 against income $938,874 a year ago. Loss from continuing operations before income taxes was $1,141,872 against income of $112,150 a year ago. Loss from continuing operations was $737,939 or $0.03 basic and diluted per share against $7,718 or nil per share a year ago. Net loss was $737,939 or $0.03 basic and diluted per share against income of $2,458,810 or $0.11 basic and diluted per share a year ago. Pro-forma net revenue was $26,263,745 against $27,492,007 a year ago. The revenue increase reflect improvements largely in Fort Myers in Tampa, while the expense increase is primarily due to the higher operating expenses in Charlotte and Tampa in third quarter of 2015 compared with Philly and Miami in third quarter of 2014. The company spends about $1 million in capital. For the nine months, the company reported net Revenues were $77,539,498 against $40,143,834 a year ago. Operating income was $7,589,201 against income $3,805,200 a year ago. Income from continuing operations before income taxes was $5,128,502 against income of $672,096 a year ago. Income from continuing operations was $3,092,487 or $0.13 diluted per share against loss of $162,257 or $0.01 diluted per share a year ago. Net income was $3,092,487 or $0.13 diluted per share against income of $6,162,971 or $0.27 basic and diluted per share a year ago. Net cash provided by operating activities was $9,917,359 against $13,162,883 a year ago. Pro-forma net revenue was $77,536,350 against $83,280,536 a year ago. The company spends about $1.8 million in capital. The company reported impairment loss of $3,520,933 for the third quarter of 2015.

Beasley Broadcast Group Inc. to Report Q3, 2015 Results on Oct 30, 2015

Beasley Broadcast Group Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Oct 30, 2015

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