Beasley Broadcast Group Completes Exchange of WMJX-FM, Boston for WBZ-FM, Boston
Beasley Broadcast Group, Inc. - Class A (BBGI)
US:NASDAQ Investor Relations:
bbgi.com/investors-2
Company Research
Source: GlobeNewswire
NAPLES, Fla. and BOSTON, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq:BBGI) (“Beasley” or “the Company”), a large- and mid-size market radio broadcaster, announced today that it completed the previously announced asset exchange with Entercom Communications Corp. (NYSE:ETM) (“Entercom”), whereby Beasley exchanged WMJX-FM, 106.7MHz Boston and $12 million cash for WBZ-FM, 98.5 MHz Boston. Caroline Beasley, Chief Executive Officer of Beasley Broadcast Group, commented, “The addition of WBZ-FM to our broadcast portfolio highlights Beasley’s focus on premium local programming and content and is complementary to our five other radio stations and digital operations in the Boston market. Throughout Beasley Broadcast Group’s 56 year history, we have actively managed our station portfolio with the goal of serving the communities where we operate with the best local programming and brands, diversifying our operations, managing risk and improving financial results. T
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