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,|
|Station operating income (SOI - non-GAAP)||10.8||9.4||14.3%||37.7||34.4||9.7%|
|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.|