Beasley Broadcast Group Reports Record Fourth Quarter and Year-End Results; Fourth Quarter After Tax Cash Flow Rises 251% to $4.8 Million, or $0.20 Per Share.
Business Wire › February 12, 2001
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Beasley Broadcast Group Reports Record Fourth Quarter and Year-End Results; Fourth Quarter After Tax Cash Flow Rises 251% to $4.8 Million, or $0.20 Per Share.
Business Editors
NAPLES, Fla.--(BUSINESS WIRE)--Feb. 12, 2001 Beasley Broadcast Group, Inc. (NASDAQ:BBGI), a large- and mid-size market radio broadcaster, today announced operating results for the three months and year ended December 31, 2000. For the three months ended December 31, 2000, consolidated net revenue increased 8% to $28.3 million from $26.2 million in the same period of 1999. Broadcast Cash Flow (BCF) (defined as operating income plus depreciation and amortization, corporate general and administrative expenses, equity appreciation rights and one-time expenses related to a format change) rose 20% to $9.4 million for the fourth quarter of 2000, compared to $7.8 million in the corresponding period of 1999. After-Tax Cash ...See the full content of this document
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