"We believe our success in driving profitable same-station revenue growth is attributable to our focus on our core product and our ability to build digital extensions for our core content and the creation of new online, text and mobile content and applications that heighten listener engagement and provide marketing solutions to advertisers. These factors allowed us to enter 2011 with healthy ratings and clusters across our markets. We also continue to strengthen our balance sheet by repaying $3.3 million against the credit facility during the fourth quarter which reduced total bank debt to $142.0 million from $151.8 million at the end of 2009 and again lowered our leverage ratio."Looking forward, we remain focused on our station clusters' sales matching or exceeding their market's revenue performance, continuing to grow revenue related to our interactive and digital initiatives and further addressing the balance sheet through continued reductions in borrowings."
Beasley Broadcast Group Reports Fourth Quarter Revenue Of $27.0 Million; Same-Station Net Revenue Rises 9.1%
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.