This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Beasley Broadcast Group Fourth Quarter Net Revenue Rises 9.1%; Same Station Net Revenue Increases 5.7%

NAPLES, Fla., Feb. 5, 2013 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq:BBGI), a large- and mid-size market radio broadcaster, today announced operating results for the three-month and twelve month periods ended December 31, 2012 as summarized below. Separately, Beasley Broadcast announced a licensing agreement with Nashville-based Big Machine Label Group to share certain over-the-air broadcasting and digital revenue related to the use of Big Machine's Music.

Summary of Fourth Quarter and 2012 Full Year Results
In millions, except per share data Three Months Ended December 31,   Twelve Months Ended December 31,  
  2012 2011 Change 2012 2011 Change
Net revenue $27.4 $25.2 9.1% $100.2 $97.7 2.6%
Station operating income (SOI - non-GAAP) 10.8 9.4 14.3% 37.7 34.4 9.7%
Operating income 8.1 6.9 16.7% 27.5 23.9 14.9%
Net income* 3.6 3.4 6.4% 11 10.1 9.2%
 Net income per diluted share* $0.16 $0.15 6.7% $0.48 $0.45 6.7%
* Net income and net income per diluted share for the twelve month period ended December 31, 2012 reflects a $2.6 million pre-tax charge for loss on extinguishment of long-term debt incurred in the quarter ended September 30, 2012.

The $2.3 million, or 9.1%, rise in net revenue during the three months ended December 31, 2012, compared with the same period in 2011 reflects the benefit of political advertising during the period, the acquisition of KOAS-FM Las Vegas in the 2012 third quarter, and strength in the Company's Philadelphia, Las Vegas, Fort Myers and Augusta market clusters.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!


DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs