Radio advertising declines

NAPLES — Radio station operator Beasley Broadcast Group reported advertising declined in the quarter ending June 30 compared with the same quarter one year ago.

Beasley, which operates 44 radio stations in 11 markets, reported revenues fell 3.6% to $25.9 million in the quarter ending June 30 compared with the same three months in 2013. However, net income rose 28.1% to $3 million over the same period on lower expenses.

“Second-quarter revenue levels reflect slower advertising spending across most markets where we operate, which led to declines in seven of our 11 markets and lower station operating income,” says George Beasley, chairman and CEO, in a statement.