Products Radio Stations | Traded as NASDAQ: BBGI | |
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Key people George G. Beasley, Founder, CEO, & Chairman of the Board,Caroline Beasley, CFO, Vice President, & DirectorBruce G. Beasley, President, COO, & DirectorMark S. Fowler, Director Revenue US $125.2 million (2006); $97.4 million (2009)went in bankruptcy in 2007 and 2014 Stock price BBGI (NASDAQ) US$ 8.80 -0.40 (-4.35%)28 Feb, 4:00 PM GMT-5 - Disclaimer Subsidiaries Beasley FM Acquisition Corp | ||
Beasley Broadcast Group, Inc., based in Naples, Florida, is an owner/operator of radio stations in the United States. As of October 2015, the company owned 52 stations.
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History
The company was founded in 1961 by George G. Beasley. On February 11, 2000 the Group completed its IPO.
On October 2, 2014, CBS Radio announced that it would trade 14 radio stations located in Tampa, Florida, Charlotte, North Carolina and Philadelphia to the Beasley Broadcast Group in exchange for 5 stations located in Miami and Philadelphia. The swap was completed on December 1, 2014.
On July 19, 2016, Beasley announced that it would acquire Greater Media for $240 million. The FCC approved the sale on October 6, and the sale closed on November 1. The deal gave Beasley additional stations in the Philadelphia and Boston markets and expanded the company into Detroit and three New Jersey markets.