These are critical times for Beasley Media Group, the publicly traded radio station owner based in Naples, Fla., that recently sold off its broadcast properties in its home market and seeks to tackle its debt leverage with a “Transaction Support Agreement” with the holders of its first and second lien notes due in two years, resulting in an exchange offer.
Industry insiders believe divestments of more stations are in the works in multiple markets as key institutional investors such as Mario Gabelli have their eye on a fiscal turnaround. When will that happen? Not anytime soon, based on the Q4 and full-year 2025 results Beasley released on Wednesday morning.
