UP!

BBGI $1.31   View long term graphs

Beasley Broadcast Group
Type
Public
Traded as NASDAQ: BBGI
Industry Advertising; Radio broadcasting
Founded Benson, North Carolina (1961)
Headquarters Naples, Florida, United States
Key people
  • George G. Beasley
  • (Founder, CEO, & Chairman of the Board)
  • Caroline Beasley
  • (CFO, Vice President, & Director)
  • Bruce G. Beasley
  • (President, COO, & Director)
  • Mark S. Fowler
  • (Director)
Products Radio Stations
Revenue Increase US $125.2 million (2006); $97.4 million (2009)
Operating income
Increase US $25.9 million (2006)
Net income
Increase US $10.1 million (2006); $5.3 million (2009)
Number of employees
748; 417 (2009)
Subsidiaries Beasley Media Group, Inc.
Website BBGI Corporate Website

Beasley Broadcast Group, Inc., based in Naples, Florida, is an owner/operator of radio stations in the United States. As of June 2017, the company owned 63 stations under the Beasley Media Group name.

The company was founded in 1961 by George G. Beasley. On February 11, 2000 the Group completed its IPO.

On October 2, 2014, CBS Radio announced that it would trade 14 radio stations located in Tampa, Florida, Charlotte, North Carolina and Philadelphia, Pennsylvania to the Beasley Broadcast Group in exchange for 5 stations located in Miami and Philadelphia. The swap was completed on December 1, 2014.

On January 15, 2015, Beasley reorganized its radio stations, previously held by various subsidiaries, into Beasley Media Group; the Beasley Broadcast Group name was retained for the parent company.

On July 19, 2016, Beasley announced that it would acquire Greater Media for $240 million. The FCC approved the sale on October 6, and the sale closed on November 1. The deal gave Beasley additional stations in the Philadelphia and Boston markets and expanded the company into Detroit and three New Jersey markets.

On February 2, 2017, Beasley announced that it would sell its six stations and four translators in the Greenville-New Bern-Jacksonville, North Carolina market to Curtis Media Group for $11 million to reduce the company's debt; one of the stations, WNCT-FM, was concurrently divested to Inner Banks Media to comply with FCC ownership limits. The sale was completed on May 1, 2017.

On November 1, 2017, as part of the Entercom-CBS Radio merger, Beasley announced that it will sell AC-formatted station WMJX in Boston to Entercom, in exchange for WBZ-FM, also in Boston.

* = Sale for WMJX to Entercom pending.

*= Sale for WMJX to Entercom pending.


News

Beasley Broadcast Group, Inc. -4.38% (communication services)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2020 2020-11-05 Future report Set alerts
Q2 2020 2020-08-04 0.00 0.00
Q1 2020 2020-06-12 -0.32 -0.32
Q4 2019 2020-02-18 0.17 0.17
Q3 2019 2019-11-07 0.11 0.11
Q2 2019 2019-08-05 0.15 0.15
Q1 2019 2019-04-29 0.05 0.05
Q4 2018 2019-02-11 0.08 0.08
Q3 2018 2018-11-02 0.20 0.10
Q2 2018 2018-08-03 0.00 0.18

Ratings

2007-02-15 Reiterated Deutsche Securities Buy $8 to $10
2007-02-15 Reiterated Deutsche Securities Buy $8 to $10

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KING LUTHER CAPITAL MANAGEMENT CORP 9.39%  (605926) BBGI / LAWS / SNAK / SSRG /
BEASLEY BRUCE G President 3.81%  (245676) BBGI /
BEASLEY CAROLINE Chief Financial Officer 3.07%  (197832) BBGI /
BEASLEY BRIAN E Vice President of Operations 2.60%  (167832) BBGI /
FOWLER MARK S 0.62%  (39704) BBGI /
MCCORD HERBERT W 0.57%  (36704) BBGI /
BEASLEY BRADLEY C 0.54%  (34643) BBGI /
SHAW ALLEN B 0.39%  (24851) BBGI /
Tedesco Marie CFO and Vice President 0.36%  (23250) BBGI /
BEASLEY ROBERT E 0.19%  (12500) BBGI /
BEASLEY GEORGE G Chief Executive Officer 0.17%  (10900) BBGI /
GAMCO INVESTORS, INC. ET AL 0.08%  (4900) AP / BBGI / CVCO / GBL / INAP / JRN / KAMN / MYE / PBY / SLI / TG / WHG /
BORDES PETER A JR 0.02%  (1099) BBGI /

Comments