Beasley Broadcast Group Q2 sales fell 2.8 percent from a year earlier...
Beasley Broadcast Group Q2 sales fell 2.8 percent from a year earlier to $24.8 million, while profit increased 37 percent to $3.9 million, it said. The lower sales reflected “overall industry weakness” during the first months of the quarter as…
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well as tough comparisons at its Ft. Myers, Fla., stations, said CEO George Beasley. The company plans to keep bolstering its balance sheet, he said. “We ended the second quarter with our lowest leverage ratio in over ten years and remain committed to using cash from operations to further lower debt and other initiatives which can enhance shareholder value.” Beasley Broadcast stock rose 5 percent Friday.