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Beasley Broadcast Group Sees 8.8% Revenue Increase in 2nd Quarter

Beasley also has acquired what they call a “white-label digital agency” that will see an influx of cash flow in the next revenue numbers.

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Beasley Broadcast Group revealed an 8.8% revenue increase for the 2nd quarter of the year, compared to 2021 numbers.

The company also explained a $5.4 million operating loss and a net loss of $14.5 million.

“The operating loss in the second quarter of 2022 primarily reflects an $8.6 million non-cash impairment loss due to an increase in the discount rate used in the analyses to estimate the fair value of FCC licenses and goodwill in a rising interest rate environment. For the comparable three months ended June 30, 2021, the company recorded $1.5 million of other operating income, net from life insurance proceeds related to the death of George Beasley, the company’s former chairman. As a result of these factors, Beasley reported a net loss of $14.5 million, or a negative $0.48 per diluted share, in the three months ended June 30, 2022, compared to net income of $0.2 million, or $0.01 per diluted share, in the three months ended June 30, 2021.”

“Beasley delivered another period of strong top-line results in the second quarter, reflecting solid year-over-year growth across all of our revenue sources,” said CEO Caroline Beasley. “Net revenue increased 8.8%, inclusive of a 4.3% rise in audio revenue and a 34.3% rise in digital revenue, with digital accounting for 16.5% of second-quarter net revenue.

“Digital remains a central component of our revenue diversification strategy, and the momentum we are seeing in our digital business is further underpinned by our ability to grow digital revenue 37% on a quarterly sequential basis, while also improving our digital margin. Our new business performance was robust this quarter, as we recorded $7.8 million in new in new business revenue was a 60% increase from the first quarter of the year and a 16% growth year-to-year.

Beasley also has acquired what they call a “white-label digital agency” that will see an influx of cashflow in the next revenue numbers.

“Looking ahead, we will continue to focus on controlling what we can control, maximizing our growth opportunities, managing our expenses and capital structure, serving our audiences and advertisers, and delivering results for our stockholders,” Caroline Beasley said.

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Howard Stern Reveals MSNBC Go-To Source for News

Stern told “Morning Joe” in an extensive interview that MSNBC is the network for him regarding cable news consumption.

Eduardo Razo

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SiriusXM radio host Howard Stern told “Morning Joe’s” Joe Scarborough and Willie Geist in an extensive interview that MSNBC is the network for him regarding cable news consumption. 

Stern stated that he’s a major fan of “Morning Joe” and went the extra mile to say that he and co-host Joe Scarborough share the same political idealogy.

“I watch you guys every morning,” Stern said (h/t Mediaite). “I really enjoy the show. Oddly, I agree politically with almost everything Joe says. I don’t think there’s much difference there.”

The radio host thanked MSNBC for providing him with what he loves: 24/7 news. Additionally, Stern offered a shoutout to network host Symone Sanders and stated he’s no fan of Dateline repeats.

“By the way, I want to give a shoutout to MSNBC,” Stern added. “Thank God you don’t play the old Datelines anymore on the weekends. I like news. I watch this channel exclusively for news. I tune out on the weekend. 

“It’s like all news stuff. I’m watching old Datelines. I like when you guys are onI like news 24/7, and now I find I’m getting it. I get Symone on the weekend. Big fan of hers. Symone coming on strong. What can I tell you? I know the whole lineup.”

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Trespassing Charges Against John DePetro Dismissed

DePetro have been dismissed as he faced a trespassing charge related to an incident over the summer during a Monday court hearing.

Eduardo Razo

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Charges against John DePetro have been dismissed as the radio host faced a trespassing charge related to an incident over the summer during a Monday court hearing.

DePetro was arrested in mid-August outside a home on Staples Avenue in Warwick.

Police searched the house several months earlier as part of an investigation into the disappearance of Charlotte Lester, who has been missing for six months.

“I respect our justice system and respect law enforcement, specifically the Warwick PD,” DePetro said on Twitter. “The search for Charlotte Lester continues as I resume efforts searching for answers into her disappearance and holding Mark Perkins accountable for his actions against myself and Ladybug.”

The man who lives there, Mark Perkins, was also arrested the following day after he allegedly charged at DePetro with a lawnmower while DePetro was live-streaming. 

Unlike DePetro, who had his charges dismissed, Perkins still faces an assault charge, according to court records.

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News Radio

Oklahoma’s The Eagle 96.9 Rebrands as Freedom 96.9

KZLS started simulcasting on KQOB at the beginning of this year after the 96.9 signal was leased to Citadel and Cumulus Media for nineteen years. 

Eduardo Razo

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Champlin Broadcasting Conservative Talk The Eagle 96.9 KQOB Enid/Oklahoma City and 1640 KZLS Enid will look a little different for its listeners as the station has rebranded.

Rather than calling itself The Eagle 96.9, the radio station will now be known as Freedom 96.9 (h/t Radio Insight). KZLS started simulcasting on KQOB at the beginning of this year after the 96.9 signal was leased to Citadel and Cumulus Media for nineteen years. 

The station features a syndicated lineup, including Hugh Hewitt, Brian Kilmeade, Dan Bongino, Mike Gallagher, Joe Pags, and Bill O’Reilly. Furthermore, with the rebrand possibly comes a new addition.

Freedom 96.9 is teasing the addition of Dana Loesch to the lineup as well to enhance the rebrand further as the station begins a new chapter as it provides news/talk to the residents. 

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