Beasley Q4 Revenue Declines 2.1%

The company is still working through the station swap with CBS which is closing in on one year ago. Beasley picked up stations in Tampa and Charlotte (and one in Philly) from CBS for stations in Miami and Philadelphia. Beasley is required to report the five stations it handed over to CBS under discontinued operations despite having operated them through November 2014. After Q1 of this year, the reporting becomes normal again for the company. On a pro-forma basis, Beasley revenue for Q4 2015 declined 2.1% or $600,000. That decline was based on overall softness in Charlotte, Las Vegas, and Wilmington. The good news is that when you exclude the $1.7 million in Q4 2014 political revenue, which did not return in 2015, pro-forma revenue was up 4%.