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Beasley Broadcast Group First Quarter Net Revenue Rises 6.5%; Same Station Net Revenue Increases 3.4%

Webcast: Today, April 26, 2013 at 10:00 a.m. ET  
Replay information provided below  

NAPLES, Fla., April 26, 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 period ended March 31, 2013 as summarized below. 

Summary of First Quarter Results
In millions, except per share data   Three Months Ended March 31,  
  2013 2012 Change
Net revenue $24.8 $23.3 6.5%
Station operating income (SOI - non-GAAP)   8.1   7.8   4.1%
Operating income 5.5 5.2 4.0%
Net income 2.4 2.4 0.5%
Net income per diluted share $0.11 $0.11 --

The $1.5 million, or 6.5%, rise in net revenue during the three months ended March 31, 2013, compared with the same period in 2012 reflects strength in the Company's Philadelphia, Las Vegas and Fort Myers market clusters including the acquisition of KOAS-FM in Las Vegas in the 2012 third quarter.

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