Beasley Broadcast Group Revenue Up In 2012
February 5, 2013

In addition to announcing a revenue-sharing deal with Big Machine Records today, Beasley Broadcast Group has also announced its fourth quarter and full year fiscal report for 2012. In Q4, Beasley's net revenue grew by 9.1 percent, from $25.2 million in 2011 to $27.4 million in 2012. Station operating income was up 14.3 percent to $10.8 million, with operating income up by 16.7 percent to $8.1 million. Net income in Q4 2012 grew by 6.4 percent to $3.6 million. The increase in Q4 net revenue was attributed to political advertising during the period, the acquisition of KOAS/Las Vegas in the 2012 third quarter, and strength in the company’s Philadelphia, Las Vegas, Fort Myers and Augusta market clusters.

For the full year 2012, net revenue was up by 2.6 percent from $97.7 million in 2011 to $100.2 million last year. Station operating income grew by 9.7 percent to $37.7 million, operating income grew 14.9 percent to $27.5 million and net income for 2012 was up by 9.2 percent to $11 million, from $10.1 million in 2011.

Commenting on the results, Chairman/CEO George G. Beasley said, "Beasley Broadcast Group ended 2012 strongly as fourth quarter net revenue rose 9.1 percent and same station net revenue increased 5.7 percent. Fourth quarter revenue growth reflects several factors including the cyclical return of political advertising particularly in our Las Vegas, Miami and Wilmington market clusters, continued strength in key advertising categories including automotive, a full quarter’s contribution from KOAS-FM in Las Vegas which was acquired in the third quarter, and overall strength in the Company’s Philadelphia, Las Vegas, Fort Myers and Augusta market clusters."




 
Breaking News
Angi Taylor Joins The Rendezvous
Randy Savage Joins Cumulus As OM Wilkes Barre/Scranton, PA Cluster
Hubbard Radio Chicago Signs Eric & Kathy To Multi-Year Agreement
Jill Devine Signs Multi-Year Renewal At KYKY/St. Louis
January 13, 2017
Pandora Expects To Exceed Q4 2016 Guidance, Citing Subscription Momentum and RPM Growth
SiriusXM Launches "Hits 1 in Hollywood"
In Brief - January 13, 2017
January 12, 2017
Beasley Names Debbie Mazella Program Director Of Magic 98.3/New Jersey
The Dave & Mahoney Morning Show Returns To KXTE (X107.5)/Las Vegas
January 11, 2017
Cumulus Promotes Matt Raback To VP/Market Manager For York-Lancaster-Reading, PA
Crystal Castorena Named GM For Impact Radio Group
Justin Luvv Named Afternoon On-Air Personality/Imaging Director For WRWM/Indianapolis
January 10, 2017
Ron Parker Named New Afternoon Host At WLS-FM/Chicago
KLOS/Los Angeles Kicks Off 2017 With New Programming Additions
Mark Kassof & Co. Launches Mobile Music Test
January 9, 2017
Steve Butler Renews With CBS Radio As VP/News Programming
Beasley Media Group Promotes AJ Lurie To VP/Market Manager, Wilmington, Delaware
Cumulus Promotes Wallace To OM, Shickles To PD In Flint, MI
Beasley Names Brian Samborski Regional Director/National Sales
Trish Gazall Signs Multi-Year Renewal At KEZK/St. Louis
January 6, 2017
Nathan Fast To Host Mornings on KVIL/Dallas-Fort Worth
iHeartMedia Austin Extends Agreement with The Bama, Rob & Heather Show on KVET FM
Emmis Announces Third Quarter Earnings
SiriusXM Exceeds 2016 Subscriber Guidance; Issues 2017 Subscriber and Financial Guidance
Music News
Maroon 5 Scores Their Ninth #1 Top 40 Hit
Quick Hits: Lollapalooza Paris, Metallica, Brit Awards, U2, Radiohead, George Harrison, Dave Matthews & Tim Reynolds
Quick Hits: Ed Sheeran, Ariana Grande, John Legend, Fifty Shades Darker, Trent Reznor
U2, Chili Peppers, The Weeknd & Chance the Rapper Headlining Bonnaroo
Quick Hits: Ed Sheeran, Prince
Quick Hits: Rocklahoma, Prince's Estate, Big Sean, Shaky Knees Music Festival, Spoon
U2 Announce Joshua Tree Anniversary Tour
Quick Hits: Panorama Festival, Green Day, Billboard 200, A Perfect Circle
Ed Sheeran Releases Two New Singles
Tool, Chance the Rapper & Phoenix Headlining Governors Ball
Beyoncé, Radiohead & Kendrick Lamar Headlining Coachella 2017
Quick Hits: BottleRock Napa Valley Festival, The Chainsmokers, Ed Sheeran
Pop Star George Michael Dead at 53
The Music World Mourns George Michael
Pearl Jam, ELO, Tupac & More Elected to Rock Hall of Fame
FMQB NOW

 

Question Of
The Week

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!