Beasley’s Expected Philly Bump, Q2 Prognostication


It’s a scary Monday for Beasley Broadcast Group, as the company’s stock sank to levels not seen since early 2017. The big dip came following the radio industry pure-play’s announcement that it has proposed a 4.43 million-share common stock offering.

News of the stock offering shrouded other news of importance regarding Beasley: It has a dollar figure on how much a station it’s “welcoming home” would have contributed to the bottom line, and shared with the SEC its preliminary estimated financial results for Q2 and the first half of 2018.

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