The $0.3 million, or 3.6%, year-over-year decline in 2013 second quarter operating income reflects a 13.7%, or $2.3 million, rise in total operating expenses which more than offset the quarterly revenue increase.Second quarter 2013 station operating income (SOI), a non-GAAP financial measure, declined by $0.1 million, or 0.7%, to $10.1 million compared with the 2012 second quarter, as the higher quarterly net revenue was more than offset by a $2.1 million, or 14.6%, increase in station operating expenses related to operating KOAS-FM in Las Vegas and a rise in sales, programming and streaming expenses. In addition, the second quarter of 2012 benefited from the license fee settlement with BMI which had the effect of reducing station operating expenses during the period.
Beasley Broadcast Group Second Quarter Net Revenue Rises 8.3%; Same Station Net Revenue Increases 4.2%
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