Beasley Promotes Kelley To Director Of Digital

4-1-2015

Shannon Kelley transitions into the newly created position of corporate director of digital content for Beasley Broadcast Group, from her position as director of digital content for the Beasley Media Group, Charlotte cluster. The focus will be designing and implementing digital content strategy. Kelley will be based in Charlotte, and reports to VP of Programming Justin Chase.
Mr. Chase comments on the promotion and new position for Kelley, "We were impressed with Shannon from the moment Beasley entered the Charlotte market. Her vast knowledge of the digital space, innovative ideas, and her longtime leadership of the successful Charlotte digital content team made her a great choice for this new and vital position."

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Beasley Declares Dividend

3-12-2015

Beasley Broadcast Group announced that its board has declared a quarterly cash dividend of $0.045 per share of its Class A and Class B common stock. The dividend is payable on April 10 to shareholders of record on March 31, 2015.

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Beasley Picks Up Two Florida Translators

2-5-14

Beasley has spent $200K for the translators in the Sunshine State. One is a construction permit for an FM translator in Clearwater, the other a CP for a translator in Fort Myers. The purchase was made from University of Northwestern, St. Paul, a Minnesota non-profit corporation. Bob Heymann and Eddie Esserman of Media Services Group brokered the deal.

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Beasley Becomes Beasley Media Group

1-15-2015

Beasley Broadcast Group has merged its various portfolios of radio stations under a new corporate header, Beasley Media Group, Inc. The change, according to Beasley, "reflects the broad and expansive reach of on-air, digital and collateral radio products that are available to Beasley's listeners and advertisers." The parent company will remain Beasley Broadcast Group, Inc. and will continue to trade as "BBGI" on NASDAQ.

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The Bubba, Beasley Relationship Expands Today

1-5-15
Since Cox (102.5 The Bone) parted with Bubba The Love Sponge in Tampa, in August of 2014, there's been speculation about which company would pick him up in that city. It came down to Beasley and iHeartMedia, according to several people with details about the negotiations. Radio Ink has learned that this morning Bubba will hold a press conference, live on the air in Tampa, and that will take place on WHFS-FM (98.7) which is a Beasley station the company picked up late last year in a swap with CBS Radio. A new format is being launched by Beasley on WHFS. It had most recently been a sports station when CBS owned it.
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Ratliff Jumps To Curtis From Beasley

12-1-14

Terry Ratliff is the new GSM for Curtis Media's WBBB-FM "Radio 96.1" in Raleigh. Ratliff was most recently the GSM for Beasley Broadcasting in Fayetteville. He has worked the Raleigh market before, as GSM for Clear Channel. Ratliff was also D.O.S. for Clear Channel in Norfolk-Virginia Beach. He started on Monday.

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CBS, Beasley Deal Expected to Close Today

12-1-14

The deal between CBS Radio and Beasley Broadcasting announced in early October is expected to close today. Beasley has already announced who will run the Tampa market when the FCC sign-off  makes this deal official (See Kent Dunn story below). Beasley is trading fives major market stations, two in Philadelphia and three in Miami for 14 CBS stations. Beasley will be picking up six in Tampa, just up the road from the company's home base in Naples, seven in Charlotte, and Sports Radio WIP-AM in Philadelphia.

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Dunn to Tampa to Run New Beasley Cluster

11-26-14

When Beasley Broadcasting closes on its recent swap with CBS Radio (which is expected Monday, December 1), former Augusta Market Manager Kent Dunn will be heading to Tampa. After announcing Dunn was stepping down to pursue other opportunities, that other opportunity was to run a larger market for Beasley. As Vice President/Market Manager Dunn will run Beasley?s six stations in Tampa (94.1 WLLD-FM; 99.5 WQYK-FM; 104.7 WRBQ-FM; 92.5 WYUU-FM; and WHFS FM/AM).

Most recently, Mr. Dunn served as vice president and market manager of Beasley?s cluster of radio stations in Augusta, GA.  Dunn joined Beasley in 1991 and has worked in the Augusta market as GM and/or market manager since 1993. Dunn is a 4-time Beasley GM of the Year and has made Radio Ink's list of ?Top Managers in Radio,? five times.

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And Beasley Makes The Move in Fort Myers

11-10-14

Southwest Florida listeners to Sunny 106.3 are hearing standards such as Bing Crosby?s ?White Christmas,? The Eagles? ?Please Come Home for Christmas,? and Brenda Lee?s ?Rockin? Around the Christmas Tree.?  Plus recent releases from artists like Johnny Mathis, Kelly Clarkson, Michael Buble, Rod Stewart, and others. Market Manager Brad Beasley said, ?Sunny 106.3?s holiday music line-up has become a Southwest Florida tradition; for over a decade, it?s been our way of wishing our community a Merry Christmas and a Happy New Year and all of us at Beasley are delighted that the switch has officially been made!?

Sunny 106.3 also announced that Program Director Randy Sherwyn will host the 15th annual ?Christmas Across The Lands,? a radio Christmas show scheduled to air beginning at 9am  Christmas Eve through 1:00 p.m. Christmas Day.  The heartfelt broadcast has become an annual signature event for troops stationed overseas and with ships at sea during the holiday season.  This year, the show will bring a little holiday cheer and warmth to U.S. troops stationed in over 177 countries around the globe. The Canadian Forces Network in Europe also airs the show across Europe and NATO HQ.

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Beasley Q3 Down 5%

10-24-14

Wilmington and Greenville-New Bern-Jacksonville are the markets that dragged down Beasley in the third quarter. Those two markets offset revenue increase in las Vegas and Fort Myers and caused the company to fall $700,000 short of the same revenue figure it generated in the third quarter of 2013. CEO George Beasley said, "We don?t believe third quarter operating results from continuing operations reflect the strength, ratings and local relevance of our platform, as the lower level of reported net revenue from continuing operations is temporarily mis-matched with certain expenses that will be better amortized across the Company?s larger revenue base once we complete the asset exchange with CBS Radio."On October 1, Beasley agreed to swap five stations in Miami and Philadelphia for 14 CBS stations in Tampa, Charlotte and Philadelphia.

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The Best Of Beasley

8-30-14
Beasley Broadcast Group handed out its 2014 Company Operating Awards during its annual management meetings held this week in Naples, Florida. CEO George Beasley said, ?It is a sincere privilege each year to honor our company?s highest achievers. The level of professionalism within Beasley Broadcast is tremendous. The ladies and gentlemen we recognize for 2014 worked very hard to earn this recognition, and for that they have also earned my respect. I am very proud of each of them.? Here are the 2014 honorees...

WXKB-FM ? Radio Station of the Year /  Fort Myers-Naples, FL
Brad Beasley ? General Manager of the Year  / Fort Myers-Naples, FL
Donna Williams ? Business Manager of the Year / Augusta, GA
AJ Lurie ? Sales Manager of the Year / Fort Myers-Naples, FL
Tee Gentry ? Program Director of the Year / Augusta, GA
Lamar Smith ? Engineer of the Year / Las Vegas, NV
Natalie Conner ? CEO Award of Excellence/ Executive Vice President 

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Beasley Q2 Revenue Drops Nearly 4%

7-24-14

Another disappointing revenue quarter from a publicly traded radio company. Beasley Broadcasting, which owns 44 stations in 11 large-and mid-size markets generated $1.0 million less in the second quarter of 2014 than it did in 2013. The company blamed the decrease on lower advertising revenue in its Philadelphia, Wilmington and Greenville-New Bern-Jacksonville markets. Beasley did reduce operating expenses by 2.3% ($400,000). Operating income for the quarter was down 12.1% while net income increase 28.1% to $3 million. 

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Political To Blame For Beasley Q4 Drop

1-30-14

In 2012, Beasley took in $1.2 million in Q4 political revenue and that couldn't be made up amongst the 44 stations the company owns. CEO George Beasley said, ?While we were not able to fully offset the cyclical impact of political revenue, the fourth quarter radio advertising environment in our markets remains healthy and on an actual basis we reported just a slight decline in net revenue compared with last year." Excluding political, Beasley Q4 same-station revenue was up 2 percent. For the year, same-station revenue was up nearly 2 percent.

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Beasley Q3 Same Station Revenue up 2.7%

10-25-13

Chairman and CEO George Beasley said, ?Excluding the benefit of political advertising in the year-ago quarter, same station net revenue rose approximately 4.4%. The third quarter revenue increase reflects growth in local and digital revenue, strength in our largest market clusters in Philadelphia and Miami, and continued growth in Augusta. Beasley says for its five markets that report to Miller Kaplan ? 76% of its third quarter revenue ? those clusters grew revenue by 6.8% while the total revenue for all reporting radio stations in these markets declined by 1.4% for the quarter.

Beasley went on to say, ?In addition to our focus on core programming and expanding our on-air and digital advertising platforms, we continue to strengthen our balance sheet. Reflecting solid cash flows from operations, we made repayments totaling $2.0 million against the credit facility during the third quarter, reducing borrowings to $110.2 million at September 30, 2013 from $119 million at the end of last year?s third quarter. Our debt and leverage reduction initiatives over the last few years are delivering strong benefits to our income statement as third quarter interest expense declined year-over-year by over 25% or approximately $0.5 million while our leverage ratio is now at its lowest level in over 10 years. We intend to continue using cash from operations to further lower debt as well as pursue other initiatives that can enhance shareholder value. 

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Beasley Closes on KVGS-FM in Vegas

9-3-13

Beasley Broadcasting has closed on its acquisition of KVGS-FM in Las Vegas from GGB Las Vegas. In May 2010, Beasley Broadcast entered into an agreement with GGB Las Vegas to provide management services to KVGS-FM and KOAS-FM and at the same time secured an option to purchase both stations. KOAS-FM was acquired by Beasley in 2012. Beasley CEO, George G. Beasley, said "We could not be more pleased to own and operate four FM radio stations and one AM station ? and air five distinctive brands - in this dynamic market. Under the incredible leadership of Market Manager Tom Humm, our Las Vegas team of radio professionals is poised for success.?

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Beasley Names Stacey Sedbrook VP Of Digital

8-8-13
Sedbrook moves to Beasley HQ in Naples from Boston where she was Senior Director of Digital Sales and Operations for Wicked Local-Gatehouse Media. She's also worked as Gannett's VP of Local Digital, The Dallas Morning News? Director of Sales Training, The Houston Chronicle?s Director of Online Sales, Marketing and Product Development, and the Denver Newspaper Agency?s Director of New Media. She also started her own consulting business.

Sedbrook said, ?Radio is an industry that I?ve been watching closely. To join a company like Beasley, one that understands that digital and radio are converging at a faster pace than ever before, is a tremendous opportunity. My past experience and accomplishments will translate well into radio. I very much look forward to leveraging the strength of radio?s reach and listener response to introduce the audience extension, personalization, and trackability of digital products and services. After living through Hurricane Sandy in 2012 and the Boston Blizzard of 2013, I'm excited to be leaving New England for the year-round sunshine in SW Florida."

Beasley Executive VP and CFO Caroline Beasley said, ?As our digital initiatives continue to grow and evolve, we realize the benefit in examining this critically important part of our business with fresh eyes and from a different perspective. Stacey?s record of driving the development of innovative, revenue-generating marketing and sales campaigns for both agencies and clients is exceptional. We believe the skillset she brings to Beasley?s digital team will help build a stronger department that is better tailored to serve the needs of our advertisers and listeners. Radio may be a new industry to Stacey, but the challenges we face as our digital presence expands are the same issues she faced previously on the print side.?

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Beasley Q2 Same Station Revenue Up 4.2%

7-27-13

Beasley CEO George Beasley said, ?The increase in second-quarter revenue reflects strong national and digital revenue growth which contributed to strength in several market clusters including Philadelphia, Las Vegas, Ft. Myers, and Augusta. We attribute our out-performance to our organization-wide focus on strong core programming and targeted localism, both of which are contributing to the company?s ratings strength in its markets."

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Man Arrested For Threatening Beasley Host

7-29-13

Austin Rhodes (pictured) is the afternoon host on WGAC in Augusta for Beasley Broadcasting. When 25-year-old Darnell Tyray Chambers posted on Facebook he would slap Rhodes if he saw him in public, Rhodes notified authorities. Chamers was arrested and charged with making terroristic threats and acts. He was being held Thursday in the Columbia County Detention Center on a $2,600 bond. 

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Pretzello Wins Beasley President's Club Honors

7-2-13

Debbie Pretzello is Beasley's ?President?s Club Overall Winner? for 2012. This is the second time the Senior AE has won the award. The President?s Club consists of sales executives inducted annually for their abilities to meet or exceed individual and market goals, attain accreditation from the RAB as CRMCs, and over-deliver their clients? expectations on a daily basis. One AE in each market is named to the Club monthly, and after the year ends the individual with the highest ranking from the pool of top performers is named the ?President?s Club Overall Winner.? Pretzello is an AE for NewsTalk WGAC in Augusta.

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Beasley Q2 Net Revenue Rises 3.4%

4-25-13

In a trend reversal of sorts, Beasley reported strong national revenue and weaker local revenue when it called in its 1st quarter revenue results Friday. Recent results from public companies had national down with local doing much better. On a same-station basis, Beasley revenue increased 3.4 percent in the quarter. CFO Caroline Beasley said the increase was due to strong performances by company clusters in Philadelphia, Las Vegas, and Fort Myers/Naples. Despite a 152 percent increase in digital and a 25 percent increase in national, Miami was unable to overcome a 7 percent decline in local and wound up down for the quarter by 2 percent. Overall, Beasley took in $24.8 million in Q1.

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