Pandemic crushes media firm’s profit, revenue

Beasley Broadcast Group took $26 million out of its cost structure to overcome pandemic challenges.

  • By Business Observer Staff
  • | 7:38 a.m. August 5, 2020
  • | 0 Free Articles Remaining!
File. Beasley Broadcast CEO Caroline Beasley.
File. Beasley Broadcast CEO Caroline Beasley.
  • Charlotte–Lee–Collier
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NAPLES — Citing a sharp decline in advertising, Naples-based Beasley Broadcast Group reported an operating loss of $17.6 million in the second quarter, down from operating income of $10.7 million in the 2019 second quarter.

 

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