Beasley Q3 Revenue Up 7%


The Beasley revenue is not exactly comparing apples to apples just yet, as the company continues to integrate 14 stations it received from CBS in Philadelphia, Charlotte and Tampa for five stations it owned in Miami and Philadelphia. The company must report the five stations in Philadelphia that CBS now owns as discontinued operations despite having owned them a year ago. That’s 7% increase also includes the 14 stations Beasley received from CBS and the increase was due to strong performances in the Fort Myers and Tampa markets. On a pro-forma basis (as if Beasley owned Charlotte and Tampa in Q3 2014) revenue would have decreased 4.5%. The decline was blamed on weak performances in Charlotte, Las Vegas, Fayetteville and Wilmington.


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