"In addition to our focus on station operations, we continue to strengthen our balance sheet by repaying borrowings under our credit facility which is reducing our leverage ratio. We ended the 2010 third quarter with approximately $145.3 million of borrowings under our credit facility, down from $151.8 million at the end of 2009."Looking forward, Beasley Broadcast Group has opportunities for further financial growth by improving our station clusters' sales to match or exceed the market revenue performance, continuing to grow revenue related to our interactive initiatives and by addressing the balance sheet through further reductions in borrowings."
Beasley Broadcast Group Reports Third Quarter Revenue Of $24.2 Million; Same-Station Net Revenue Rises 2.6%
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