Area media firm announces layoffs, CEO pay cut

Company’s stock price is down 57% since Feb. 14.

  • By Business Observer Staff
  • | 10:45 a.m. April 3, 2020
File. Beasley Media Group CEO Caroline Beasley.
File. Beasley Media Group CEO Caroline Beasley.
  • Charlotte–Lee–Collier
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NAPLES — Beasley Media Group, which owns and operates 64 radio stations in 15 large and mid-size U.S. markets, is the latest media company to announce layoffs, furloughs and salary cutbacks due to the coronavirus pandemic.

 

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