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
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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."

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