Wednesday, April 30, 2014
Beasley Broadcast Group Reports Revenue Drop
The company reported that its income tax expense increased by $1.3 million, or 128.8 percent, in the quarter compared to a year ago.
Net revenue was $2.4 million in the quarter, down from $2.8 million a year ago.
"The first quarter decline in net revenue reflects several factors that primarily impacted our three largest markets, including the severe winter weather which had a negative effect on our operations in the northeast," George G. Beasley, chairman and CEO, said in a release announcing the earnings.
Beasley operates 44 stations, 28 FM and 16 AM, located in eleven large- and mid-size markets in the United States.
Posted 12:05:00 PM