August 31, 2014 5:42 AM ET

Media

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. The company owns and operates 44 radio stations in various markets, including Atlanta and Augusta in Georgia; Boston, Massachusetts; Fayetteville and Greenville-New Bern-Jacksonville in North Carolina; Fort Myers-Naples, Miami-Fort Lauderdale, and West Palm Beach-Boca Raton in Florida; Las Vegas, Nevada; Philadelphia, Pennsylvania; and Wilmington, Delaware. It also operates one radio 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

Phone:

239-263-5000

Fax:

239-263-8191

Key Executives for Beasley Broadcast Group Inc.

Founder
Age: 81
Total Annual Compensation: $688.3K
President
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 Declares Quarterly Cash Dividend Payable on October 10, 2014

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 October 10, 2014, to shareholders of record on September 30, 2014.

Beasley Broadcast Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Beasley Broadcast Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net revenue was $25,875,785 against $26,855,633 a year ago. Operating income was $6,526,016 against $7,425,211 a year ago. Income before income taxes was $5,088,673 against $3,874,740 a year ago. Net income was $3,021,289 or $0.13 per basic and diluted share against $2,357,969 or $0.10 per basic and diluted share a year ago. The decline in net revenue was partially offset by $0.7 million in other revenue, resulting from an agreement with an electronics company and its affiliate concerning the use of company and their respective logos. The company spent about $600,000 in CapEx, which was only slightly more than last year's second quarter spend in CapEx. For the six months, net revenue was $50,095,054 against $51,668,102 a year ago. Operating income was $10,761,579 against $12,875,972 a year ago. Income before income taxes was $8,124,783 against $7,323,656 a year ago. Net income was $3,704,161 or $0.16 per basic and diluted share against $4,778,456 or $0.21 per basic and diluted share a year ago. Net cash provided by operating activities was $6,967,858 against $7,412,977 a year ago.

Beasley Broadcast Group Inc. to Report Q2, 2014 Results on Jul 25, 2014

Beasley Broadcast Group Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 25, 2014

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