Beasley

Beasley Broadcast Group Reports Third Quarter Revenue Of $60.1 Million

Retrieved on: 
Wednesday, November 1, 2023

NAPLES, Fla., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three-month period ended September 30, 2023. For further information, the Company has posted a presentation to its website regarding the third quarter highlights and accomplishments that management will review on today’s conference call.

Key Points: 
  • Excluding the third quarter 2023 impairment losses of $88.8 million, Beasley would have reported operating income of $3.3 million in the third quarter of 2023 compared to operating income of $4.7 million in the third quarter of 2022.
  • Excluding the third quarter 2023 impairment losses of $88.8 million, Beasley’s operating income was $3.3 million compared to operating income of $4.7 million in the third quarter of 2022.
  • Adjusted EBITDA (a non-GAAP financial measure) was $5.5 million in the third quarter of 2023 compared to $7.2 million in the third quarter of 2022.
  • “Similar to recent quarters, Beasley delivered strong digital revenue growth of 9.1% year-over-year, with digital revenue representing 18.6% of total third quarter revenue.

Beasley Broadcast Group Reports Second Quarter Revenue of $63.5 Million

Retrieved on: 
Thursday, August 3, 2023

Despite a 4.3% year-over-year decline in operating expenses and flat corporate expenses compared to the second quarter of 2022, Beasley reported a 2023 second quarter operating loss of $4.5 million in the second quarter of 2023 compared to an operating loss of $4.5 million in the second quarter of 2022.

Key Points: 
  • Despite a 4.3% year-over-year decline in operating expenses and flat corporate expenses compared to the second quarter of 2022, Beasley reported a 2023 second quarter operating loss of $4.5 million in the second quarter of 2023 compared to an operating loss of $4.5 million in the second quarter of 2022.
  • The second quarter of 2023 operating loss largely reflects the impact of $10.0 million of non-cash impairment losses compared to $8.6 million of non-cash impairment losses in the second quarter of 2022.
  • Adjusted EBITDA (a non-GAAP financial measure) increased 16.8% to $7.7 million in the second quarter of 2023 compared to Adjusted EBITDA of $6.6 million in the second quarter of 2022.
  • “Our digital strategy delivered second quarter digital revenue growth of 14.8% year-over-year, and accounted for 19.4% of total second quarter revenue.

Beasley Broadcast Group First Quarter Revenue Increases To $57.8 Million

Retrieved on: 
Wednesday, April 26, 2023

NAPLES, Fla., April 26, 2023 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three-month period ended March 31, 2023. For further information, the Company has posted a presentation to its website regarding the first quarter highlights and accomplishments which management will review on today’s conference call.

Key Points: 
  • Beasley reported operating income of $0.4 million in the first quarter of 2023 compared to an operating loss of $2.7 million in the first quarter of 2022, largely reflecting the year-over-year increase in net revenue.
  • Station operating income (SOI, a non-GAAP financial measure) increased 21% to $7.1 million in the first quarter of 2023 compared to SOI of $5.9 million in the first quarter of 2022.
  • “Our digital strategy delivered first quarter digital revenue growth of 27.8% year-over-year, and accounted for 17.3% of total first quarter revenue.
  • “Total outstanding debt as of March 31, 2023 was $290.0 million, and first quarter interest expense slightly declined to $6.6 million.

ArcBest Names Experienced Finance Executive Matt Beasley as Next Chief Financial Officer

Retrieved on: 
Thursday, April 6, 2023

FORT SMITH, Ark., April 6, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced it has named Matt Beasley as its next chief financial officer and treasurer, effective May 14, 2023.

Key Points: 
  • FORT SMITH, Ark., April 6, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced it has named Matt Beasley as its next chief financial officer and treasurer, effective May 14, 2023.
  • Beasley, ArcBest's current treasurer, will succeed David Cobb, who is retiring after a 17-year career with the company.
  • Beasley joined the company in early 2022 and has over 20 years of financial experience, including executive-level roles in treasury, investor relations, enterprise risk management, and financial planning and analysis.
  • Beasley holds a bachelor's degree in finance and MIS from The University of Tulsa and a Master of Business Administration in entrepreneurship from St. Edward's University.

Beasley Broadcast Group Fourth Quarter Revenue Increases to $72.0 Million

Retrieved on: 
Thursday, February 16, 2023

Net revenue during the three months ended December 31, 2022 increased 1.8% to $72.0 million, primarily reflecting a year-over-year increase in digital revenue, political revenue and other revenue, partially offset by a slight decrease in audio revenue related to softness in the national agency business.

Key Points: 
  • Net revenue during the three months ended December 31, 2022 increased 1.8% to $72.0 million, primarily reflecting a year-over-year increase in digital revenue, political revenue and other revenue, partially offset by a slight decrease in audio revenue related to softness in the national agency business.
  • Beasley reported an operating loss of $33.5 million in the fourth quarter of 2022, compared to operating income of $6.5 million in the fourth quarter of 2021, primarily due to $44.2 million of non-cash impairment losses and higher operating expenses related to digital, partially offset by lower corporate and depreciation and amortization expense.
  • SOI increased 0.2% to $13.9 million in the fourth quarter of 2022 primarily due to higher revenue.
  • First, our digital strategy continues to deliver strong results with fourth quarter digital revenue growth of 13.2% year-over-year, representing nearly 17% of total fourth quarter revenue.

Frontier Adds Record Fiber Broadband Customers in Q4 2022

Retrieved on: 
Thursday, January 5, 2023

TL;DR – The Byte-Size Download:

Key Points: 
  • TL;DR – The Byte-Size Download:
    Happening: Frontier (NASDAQ: FYBR) reported that it added 75,000 fiber broadband customers in the fourth quarter of 2022, a new record for the company.
  • We are bringing customers a superior product and it is paying off in record broadband customer growth.”
    Frontier added 75,000 fiber broadband customers in the fourth quarter of 2022, the largest quarterly increase to date.
  • Strong customer growth in Q4 led Frontier to finish 2022 with 17% more fiber broadband customers than it had at the end of 2021.
  • For the fifth consecutive quarter, fiber broadband customer additions outpaced copper broadband customer losses, resulting in 8,000 total broadband customer net additions in the fourth quarter of 2022.

Ty Beasley Named Chief Talent Officer for RSM US LLP

Retrieved on: 
Thursday, December 1, 2022

CHICAGO, Dec. 1, 2022 /PRNewswire/ --RSM US LLP ("RSM") the nation's leading provider of audit, tax and consulting services focused on the middle market has recently named Ty Beasley as the firm's chief talent officer.

Key Points: 
  • CHICAGO, Dec. 1, 2022 /PRNewswire/ --RSM US LLP ("RSM") the nation's leading provider of audit, tax and consulting services focused on the middle market has recently named Ty Beasley as the firm's chief talent officer.
  • In this new role, Beasley will be dedicated to evolving RSM's talent strategy for the future, focusing on attraction, development and the talent experience.
  • "Ty has a contagious energy and passion for our people, which will help RSM continue to advance our talent experience through an unrivaled, inclusive culture."
  • Visit rsmus.com/aboutus for more information regarding RSM US LLP and RSM International.

Florida’s Palm Vascular Centers is the First Healthcare Organization to Install XenFI, the Recently Announced Wireless Medical Ecosystem from Xenter

Retrieved on: 
Wednesday, November 2, 2022

The author of numerous publications in peer-reviewed medical journals, his work has been presented at more than 100 regional, national, and international medical meetings.

Key Points: 
  • The author of numerous publications in peer-reviewed medical journals, his work has been presented at more than 100 regional, national, and international medical meetings.
  • Palm Vascular treats a myriad of vascular conditions today and is the first vascular lab in South Florida with locations in multiple counties.
  • Xenter has launched a wireless Technology in Medicine (TechMed) ecosystem designed to provide transformative outcomes for physicians, healthcare professionals, provider organizations, and patients.
  • Xenter, XenFI, XMD, and Physical Intelligence are trademarks, of Xenter, Inc. All other trademarks and copyrights are property of their respective owners.

Beasley Media Group Enters Into Exchange Agreement With Audacy

Retrieved on: 
Friday, October 7, 2022

NAPLES, Fla., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Beasley Media Group, LLC (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it entered into an asset exchange agreement with Audacy, Inc. (NYSE: AUD) whereby Beasley will exchange the radio station 720 AM KDWN-AM and the translator for 101.5 FM for Alternative 107.5 KXTE-FM, in Las Vegas.

Key Points: 
  • NAPLES, Fla., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Beasley Media Group, LLC (Nasdaq: BBGI) (Beasley or the Company), a multi-platform media company, announced today that it entered into an asset exchange agreement with Audacy, Inc. (NYSE: AUD) whereby Beasley will exchange the radio station 720 AM KDWN-AM and the translator for 101.5 FM for Alternative 107.5 KXTE-FM, in Las Vegas.
  • As part of the agreement, longtime Las Vegas-based syndicated morning personalities Dave and Mahoney will continue to be heard weekdays from 6 a.m. - 10 a.m. on KXTE-FM under Beasleys ownership.
  • Celebrating its 61st anniversary this year, Beasley Broadcast Group, Inc., (www.bbgi.com) was founded in 1961 by George G. Beasley.
  • Beasley Broadcast Group owns and operates 61 AM and FM stations in 15 large- and mid-size markets in the United States.

Trinity University in San Antonio Names 20th President

Retrieved on: 
Tuesday, May 31, 2022

San Antonio, TX, May 31, 2022 (GLOBE NEWSWIRE) -- Trinity University (San Antonio) is proud to announce the confirmation of Vanessa Beasley, Ph.D., as the 20th president in the schools 153-year history.

Key Points: 
  • San Antonio, TX, May 31, 2022 (GLOBE NEWSWIRE) -- Trinity University (San Antonio) is proud to announce the confirmation of Vanessa Beasley, Ph.D., as the 20th president in the schools 153-year history.
  • Dr. Beasley is an outstanding leader with strong values who will guide Trinity in its quest to become a nationally recognized liberal arts university, says Melody Meyer, Trinity Board of Trustees chair and Trinity alumna.
  • Beasley comes to Trinity University from Vanderbilt University, where she served as vice provost for academic affairs, dean of residential faculty, and an associate professor of communication studies.
  • With this reclassification, Trinity University is now in the National Liberal Arts category in the U.S. News & World Report (US NEWS); the University was previously ranked No.