Key Developments For Beasley Broadcast Group Cl A
Beasley Broadcast Group Cl A (BBGI.O) (Consolidated Issue listed on NASDAQ Global Market)
Beasley Broadcast Group Comments On Q4 2009 Revenue Guidance-Conference Call
Beasley Broadcast Group announced that it expect the fourth quarter of 2009, revenue comparison to improve over the third quarter of 2009.
Beasley Broadcast Group to Divest an AM and FM Station in Las Vegas for $15.25 Million Cash
Beasley Broadcast Group announced that it has entered into a definitive agreement with Silver State Communications LLC to sell KBET-AM 790 kHz and certain assets of KCYE-FM and KFRH-FM in Las Vegas for total consideration of approximately $15.25 million cash. Michael J. Bergner of Bergner & Co. acted as the exclusive broker in the transaction. Under the terms of the agreement, in addition to acquiring KBET-AM, Silver State Communications will acquire the signal and frequency of KCYE-FM 104.3 MHz and certain assets of KFRH-FM 102.7 MHz. Beasley will retain ownership of the programming of KCYE-FM and, upon consummation of the transaction, will move the country music format of KCYE-FM, known as The Coyote, to KFRH-FM's current dial position at 102.7 MHz.
Beasley Broadcast Group Declares Quarterly Cash Dividend
Beasley Broadcast Group announced that its Board of Directors declared a quarterly cash dividend of $0.05 for each share of its Class A and Class B common stock. The dividend is payable on October 16, 2008, to shareholders of record on September 30, 2008. The Company reduced its quarterly dividend from $0.0625 per share of its Class A and Class B common stock as it intends to allocate additional cash flow from operations to additional voluntary repayments of its credit facility.
Beasley Broadcast Group Declares Quarterly Cash Dividend
Beasley Broadcast Group announced that its Board of Directors declared a quarterly cash dividend of $0.0625 for each share of its Class A and Class B common stock. The dividend is payable on July 17, 2008, to shareholders of record on June 30, 2008.
Beasley Broadcast Group To Discontinue Providing Quarterly Revenue Guidance
Beasley Broadcast Group announced that it has elected to discontinue the practice of providing specific quarterly net revenue guidance.
