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Beasley to Sell WRNO, KMEZ for $23 M

Beasley to Sell WRNO, KMEZ for $23 M

Beasley Broadcast Group, Inc. has reached agreement with Wilks Broadcasting, LLC to sell the broadcaster its two FM radio stations in New Orleans, WRNO and KMEZ, for approximately $23 million. Beasley purchased the stations in January 2001 through its $113.5 million acquisition of six stations in Las Vegas and New Orleans from Centennial Broadcasting. Beasley will continue to own WBYU(AM).
The deal is expected to close by Q2 of next year, subject to FCC approval.