BEASLEY BROADCAST GROUP, INC. (NASDAQ:BBGI) Files An 8-K Regulation FD DisclosureItem 7.01.
| • | the Company’s dependence on federally issued licenses subject to extensive federal regulation; |
| • | the risk that the Company’s Federal Communications Commission (“FCC”) broadcasting licenses and/or goodwill could become impaired; |
| • | the failure or destruction of the internet, satellite systems and transmitter facilities that the Company depends upon to distribute its programming; |
| • | disruptions or security breaches of the Company’s information technology infrastructure; |
| • | actions by the FCC or new legislation affecting the radio industry; |
| • | the loss of key personnel; |
| • | the fact that the Company is controlled by the Beasley family, which creates difficulties for any attempt to gain control of the Company; |
| • | the Company’s ability to integrate acquired businesses and achieve fully the strategic and financial objectives related thereto and their impact on its financial condition and results of operations; and |
| • | other economic, business, competitive, and regulatory factors affecting the Company’s businesses. |
The Company’s actual performance and results could differ materially because of these factors and other factors discussed in the “Management’s Discussion and Analysis of Results of Operations and Financial Condition” in its SEC filings, including but not limited to its Annual Report on Form 10-K or Quarterly Reports on Form 10-Q, copies of which can be obtained from the SEC, www.sec.gov. All information in this release is as of the date herein, and the Company undertakes no obligation to update the information contained herein to actual results or changes to its expectations.
| Item 7.01. | Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit Number |
Description |
| 99.1 | Investor Presentation. |
BEASLEY BROADCAST GROUP INC ExhibitEX-99.1 2 d541775dex991.htm EX-99.1 EX-99.1 CAROLINE BEASLEY Chief Executive Officer MARIE TEDESCO Chief Financial Officer Exhibit 99.1 This presentation includes certain financial measures that have not been prepared in a manner that complies with generally accepted accounting principles in the United States (“GAAP”),…To view the full exhibit click here
About BEASLEY BROADCAST GROUP, INC. (NASDAQ:BBGI)
Beasley Broadcast Group, Inc. is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. The Company owns and operates approximately 69 radio stations in over 16 large- and mid-size markets in the United States. The Company operates in various radio markets, including Atlanta, Georgia; Augusta, Georgia; Boston, Massachusetts; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Greenville-New Bern-Jacksonville, North Carolina; Las Vegas, Nevada; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida; Wilmington, Delaware; Charlotte, North Carolina; Detroit, Michigan; Middlesex, New Jersey; Monmouth, New Jersey, and Morristown, New Jersey. The Company serves approximately 20.1 million consumers weekly over-the-air, online and on smartphones and tablets. The Company refers to each group of radio stations in each radio market as a market cluster.
