Strong Radio Presence Helps Beasley Broadcast

The Naples, FL-based Beasley Broadcast Group Inc. Tuesday reported net income of $3.6 million, or 16 cents a share, in the quarter ended Dec. 31, up from $3.4 million, or 15 cents a share, in the same period a year ago.

The company credited strength its radio stations in Fort Myers, Philadelphia, Las Vegas and Augusta markets, as well as the third-quarter purchase of an additional Las Vegas station for the increase.

Beasley operates 43 stations in 11 markets.

For the year, Beasley reported net income of $11 million, or 48 cents a share, up from $10 million, or 45 cents a share, for the previous year.

According to news-press.com, the company also announced it has signed a licensing agreement with the 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."

Big Machine artists include Taylor Swift, Rascal Flatts and Tim McGraw.

Read More Now.