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Beasley Revenue Falls, Income Rises In Fourth Quarter
February 10, 2021 at 5:39 AM (PT)
Q4 Results
BEASLEY BROADCAST GROUP fourth quarter 2020 revenue fell 5% year-to-year to $68.5 million, blamed on pandemic-related advertising decreases, but net income rose 234% to $11 million (38 cents/diluted share), with income including a $4.4 million gain on dispositions, $3.6 million in other operating income and $2.2 million of non-cash impairment losses in 2020 and a $17.1 million gain on dispositions and $13.7 million of non-cash impairment losses in fourth quarter 2019.
CEO CAROLINE BEASLEY said, “BEASLEY’s 2020 fourth quarter financial results reflect the ongoing recovery of our business and solid execution by our teams in generating sequential quarter-over-quarter revenue growth that exceeded the high-end of the preliminary range we announced in JANUARY.
Key Networks appoints network advertising sales executive
Deidra Hoye to the senior vice president, ad sales position in which she’ll lead the company’s newly expanded sales team. Los Angeles-based Hoye will supervise the enhanced sales team of veteran network radio sales professionals that includes recent hires
Maggie Sisco, vice president, Eastern sales;
Brian Pollina, vice president,
Midwest sales; and
Premiere Networks. Sisco joins Key Networks from
PodcastOne, where she was vice president/director of sales, Eastern region. Pollina comes to Key Networks from
United Stations Radio
Westwood One, where she was affiliate services manager. Key Networks and
Sun & Fun Media CEO