The $0.1 million, or 1.5% year-over-year improvement in 2010 third quarter operating income reflects a 1.6% reduction in total operating expenses during the period which more than offset a $1.5 operating expense benefit in the 2009 third quarter related to the sale of certain Las Vegas radio assets. The 2010 third quarter operating expense reduction reflects a 10.0% decline in station operating expenses primarily due to an approximate $1.5 million reduction in costs at the Company's Miami-Fort Lauderdale market cluster inclusive of an approximate $1.2 million elimination of costs incurred in the 2009 third quarter related to the non-renewed sports programming rights. In addition, third quarter 2009 operating expenses included approximately $0.4 million of station operating expenses for certain Las Vegas radio assets that were sold in August 2009. Corporate general and administrative expenses in the 2010 third quarter were essentially flat with 2009 third quarter levels.Third quarter 2010 station operating income (SOI), a non-GAAP financial measure, rose $1.5 million, or 22.5% to $8.4 million compared with the 2009 third quarter. On a same-station basis, third quarter 2010 SOI rose 10.3% to $8.4 million, from $7.6 million in the same period of 2009.
Beasley Broadcast Group Reports Third Quarter Revenue Of $24.2 Million; Same-Station Net Revenue Rises 2.6%
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