Another group releasing third-quarter financials is Beasley. The group said its consolidated net revenue rose 1% to $32.1 million. Operating income fell 7%.
For the year to date, Beasley’s consolidated net revenue increased 6% to $93.7 million.
Chairman George Beasley said revenue growth reflects improved performance in Philadelphia and Fort Myers-Naples, with decreases in Augusta, Las Vegas and Miami station clusters.
“Net revenues for the period also reflect a decrease in trade sales revenue due to a company-wide effort to reduce the non-cash use of our station advertising inventory.”
Beasley Revenue Up Slightly, Says Move to Cut Down on Trade Has an Impact
Beasley Revenue Up Slightly, Says Move to Cut Down on Trade Has an Impact
