The $2.4 million, or 44.9% year-over-year improvement in 2010 fourth quarter operating income reflects the higher revenue as well as a 7.7% reduction in total operating expenses during the period. The 2010 fourth quarter operating expense reduction reflects a 10.0% decline in station operating expenses primarily due to an approximate $2.4 million reduction in costs at the Company's Miami-Fort Lauderdale market cluster largely related to the non-renewed sports programming rights. Corporate general and administrative expenses in the 2010 fourth quarter rose $0.4 million or 21.8% compared with 2009 fourth quarter levels.Fourth quarter 2010 station operating income (SOI), a non-GAAP financial measure, rose $2.7 million, or 34.2%, to $10.4 million compared with the 2009 fourth quarter. On a same-station basis, fourth quarter 2010 SOI rose 24.5% to $10.4 million, from $8.4 million in the same period of 2009.
Beasley Broadcast Group Reports Fourth Quarter Revenue Of $27.0 Million; Same-Station Net Revenue Rises 9.1%
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