Beasley beats its guidance


Q2 turned out a bit better than Beasley Broadcast Group had expected, with revenues up 8.2% to 34.8 million, or 1% on a same station basis. Interactive revenues are still a small part of the pie, but rose 126% from a year ago to over one million bucks, about 3.1% of total revenues. In his press statement, CEO George Beasley said the company is on tract to derive 5% of its revenues from interactive during the next 12 months. Station operating income for Q2 gained 4.1% to 10.4 million, but was down 2.3% on a same station basis. Looking forward, Beasley is expecting Q3 same station revenues to be down 3%.