Radio companies swap stations

NAPLES — In an effort to diversify, Beasley Broadcast Group says it swapped five radio stations in Miami and Philadelphia for 14 stations in Tampa, Charlotte and Philadelphia.

Naples-based Beasley's asset exchange with CBS Radio involves no cash or any other consideration. The deal is scheduled to be completed in the fourth quarter.

The transaction will increase Beasley's stations to 53, including 33 FM and 20 AM stations, in 12 markets with approximately 7.7 million weekly listeners. Today, Beasley owns and operates 44 stations, including 28 FM and 16 AM stations, in eleven markets with approximately 7.1 million weekly listeners.