Beasley Broadcast Group Q2 Net Revenue Up 2.8%. The net revenue of $27.8 million represents a year-over-year increase of 2.8% for the second quarter of 2016. For the first six months of the year, net revenue was $55.2 million, a year-over-year increase of 7.3%. In a statement,
Beasley Broadcast Group says the Q2 figure
"primarily reflects higher revenue from its Tampa-St. Petersburg and Charlotte market clusters. Station Operating Income declined 2.8% during the second quarter of 2016 because of "a $1 million, or 5.3%, increase in station operating expenses at the Tampa-St. Petersburg and Charlotte market clusters, partially as a result of higher bonuses earned, cash promotions, event/concert expenses and third party costs associated with digital services, which more than offset the increase in 2016 second quarter revenue." Interim CEO and chief operating officer
Caroline Beasley
states, "During the second quarter, Beasley's clusters again outperformed the markets that report to
Miller Kaplan on a combined revenue basis and we expect this trend to continue in 2016. In particular, we saw very strong results at our Tampa-Saint Petersburg cluster though our Augusta, Charlotte, Fayetteville, Ft. Myers-Naples and Greenville-New Bern-Jacksonville clusters also outperformed their respective markets on a revenue basis." Referencing the just-announced acquisition of
Greater Media's radio stations, Beasley says the deal will "significantly broaden our local radio broadcasting and digital platform, footprint and revenue base by adding stations that are geographically complementary to our existing operating base while presenting the opportunity for synergies with the company's existing operations. Specifically, the transaction is expected to increase our broadcast portfolio by approximately 40% and more than double our revenue and audience reach, giving us market leading stations, great brands and an opportunity to engage with brand new markets."
CBS RADIO Dips 1% During Second Quarter. The breakout of the performance of
CBS RADIO's stations doesn't get real specific – the company lumps the division into the Local Broadcasting category with its O&O TV stations – but simply notes that revenue was off 1% for the quarter, as was the CBS Television Stations segment. As a whole, CBS Corp. is reporting revenue for the second quarter of 2016 increased 2% to $3.29 billion from $3.22 billion for the same prior-year period.
Cox Promotes Rohr to Ohio Market Vice President. Taking over for the retiring
Julia Wallace as
Cox Media Group Ohio market vice president is
Rob Rohr. He rises from his previous post as senior vice president
and general manager of CMG Ohio. CMG EVP
Mike Joseph says, "Selecting Rob for this role was an easy decision. He is a proven leader with experience on the sales and content side of our business. We also believe in promoting talent from within the company, so I'm proud to announce this move." In his previous role Rohr led the team responsible for producing and distributing news and information for WHIO-TV, the
Dayton Daily News, country WHKO "K99.1" and news/talk WHIO-AM/FM, as well as the
Springfield News-Sun and the
Journal-News.
Benkiel Named Market Manager for Alpha Media's Moberly-Macon, Missouri Stations. Sales and management pro
Mark Benkiel is named the market manager for
Alpha Media's Moberly-Macon, Missouri
station group that includes country KRES, news/talk KWIX-AM/FM, Christian contemporary KTCM, and oldies KIRK. Benkiel most recently was general sales manager for
Cumulus Media's Macon, Georgia station group. Alpha Media EVP Midwest region
George Pelletier says, "Mark brings a terrific level of enthusiasm and experience to the Alpha Moberly team. He understands community broadcasting and will be a great addition to the Alpha pack."
