Holiday 2011 PPM Austin TX Greensboro Hartford CT Indianapolis IN Jacksonville FL Memphis TN Milwaukee WI Nashville TN Norfolk VA Providence RI Raleigh NC West Palm Beach Fall 2011 Quarterly Bluefield WV Casper WY Cheyenne WY Jackson TN Lawton OK Mankato MN Rapid City SD Sioux City IA Wichita Falls TX Abilene TX JB & Sandy Nikki Nite Rob Carson The Morning Show JD for the Ride Home Chris and Janeen Keith Mitchell The Breakfast Club Shane Collins Shroom Meat Brady & Rose John Tesh Miggy AJ Jennifer Lipp Dan Thomas Alex & Terri Stephen Michael Kerr Tom & Maria Steve Goddard Valentine Ryan Seacrest The Juice Crew John Magic

Beasley Broadcast Group posted a 5.6% gain in net revenue to $24.9 million from $23.6 million in 2009. Station operating income (SOI) grew 26.5% to $8.5 million from $6.7 million, while operating income increased 46.4% to $5.8 million from $4 million. The company reported net earnings of $2 million (9 cents per share) rising 188% from $700,000 (3 cents) in the year-ago period.

Chairman/CEO George G. Beasley commented, "The radio industry and Beasley Broadcast Group are continuing to see a rebound in advertising spending and the 6.6% rise in second quarter same-station net revenue was the company's best comparison since late 2007."

"We intend to remain vigilant with our expense management programs and to further reduce borrowings under our credit facility as well as our leverage ratio," he added. "In this regard, we ended the 2010 second quarter with approximately $147.8 million of borrowings under our credit facility, down from $151.8 million at the end of 2009 and a marked reduction from $174.5 million at December 31." (07-30-10)

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