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
Nielsen Mid-Year Report: Overall U.S. Music Consumption Up 14%
iHeartMedia Announces New Hispanic Brand Management Team
Beasley Names Tim Huston GSM of Eastern North Carolina Cluster
July 2, 2015
Report: Facebook In Talks With Major Labels
In Brief - July 2, 2015
July 1, 2015
American General Media Names Picazzo Stevens PD At KAGM & KDLW/Albuquerque
Brandi Young Named SVP Of Sales For iHeartMedia Phoenix
Cumulus Media & Audioboom Announce Strategic Partnership
In Brief - July 1, 2015
June 30, 2015
iHeartRadio Takes Flight With Virgin America
Meredith Gardner & Josh Kahn Promoted To VPs of Digital Marketing & Product
In Brief - June 30, 2015
June 29, 2015
Alpha Media Louisville Names Otis Program Director/Afternoon Host At WDJX
Broadcasters Foundation Of America Names Dan Mason Co-Vice Chairman/Treasurer
JJ Kincaid Set To Wake Up Denver
BMG Acquires Verse Music Group
In Brief - June 29, 2015
June 26, 2015
eQB NOW
Sirius XM Agrees To Pay For Recordings Released Before 1972
Cumulus Names Troy Hanson PD At WKQX/Chicago
Brandon "Buster" Satterfield Joins Atlantic Records
June 25, 2015
Taylor Swift To Put 1989 On Apple Music
WLTW/New York To Celebrate 15 Years Of Broadway In Bryant Park
Report: Six Main Causes of Lost Quarter Hours
Music News
Dave Grohl Unveils Guitar Throne At Foo Fighters' Birthday Bash
Quick Hits: Lil Wayne, The Dead Weather, Lenny Kravitz
Demi Lovato Is Feeling "Cool for the Summer"
Quick Hits: Rihanna, Taylor Swift / album sales, Prince
Rockers Breaking Benjamin Land Their First #1 Album
Quick Hits: Rihanna, Robin Thicke, Apple Music, Prince
Chris Brown, Beyoncé Top BET Award Winners
Quick Hits: Shinedown, Rob Thomas, Foo Fighters, AC/DC, Kings of Leon
Yes Bassist Chris Squire Passes Away
FMQB Photo Pass: Rush
Quick Hits: Demi Lovato, Jessie J, Billboard Hot 100 Music Festival
Beyonce & The Weeknd Headlining Made In America Festival
Quick Hits: Pharrell & Adele, Eminem / Southpaw soundtrack, Legacy of Hope concert
Quick Hits: Apple Music, Chris Brown
Quick Hits: Billboard 200, BET Awards, Smashing Pumpkins, Tyga, Riot Fest, The Neighbourhood, Marina and the Diamonds, Roger Waters
FMQB NOW

Brian Mack, PD
WXXL/Orlando

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!