"The third quarter revenue increase reflects growth in local and digital revenue, strength in our largest market clusters in Philadelphia and Miami, and continued growth in Augusta. Overall, for our five markets that report to Miller Kaplan – which represent approximately 76% of our total third quarter revenue – Beasley station clusters grew revenue by 6.8% while the total revenue for all reporting radio stations in these markets declined by 1.4% for the quarter. Our out-performance continues to highlight our organization-wide focus on strong core programming and targeted localism, both of which are contributing to the Company's ratings strength in its markets."The revenue growth and ongoing expense management initiatives offset planned increases in sales and programming expenses and investments in the further expansion of our digital offerings. As a result, third quarter 2013 SOI increased 5.2% on an actual basis while third quarter SOI margins remain healthy at 36.4%, essentially in line with year-ago levels.
Beasley Broadcast Group Third Quarter Net Revenue Rises 5.0%; Same Station Net Revenue Increases 2.7%
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