7-27-2012
Beasley was unable to keep the good earnings news going today, after a huge quarter from Journal yesterday. Beasley Broadcasting Executive Vice President and CFO Caroline Beasley said a weak April (-7%) and the company's Fayetteville stations underperformning caused the drop. Beasley has a cluster of six in Fayetteville. May was up 2% and June was up 1% for the company. Beasley says July is pacing close to May levels. Beasley also reported weaker than anticipated political revenue ($70,000) mainly in Augusta and Las Vegas. Next up on the earnings board is Clear Channel next Wednesday after the bell.
