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Beasley Broadcast Group Sees 8.8% Revenue Increase in 2nd Quarter

Beasley also has acquired what they call a “white-label digital agency” that will see an influx of cash flow in the next revenue numbers.

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Beasley Broadcast Group revealed an 8.8% revenue increase for the 2nd quarter of the year, compared to 2021 numbers.

The company also explained a $5.4 million operating loss and a net loss of $14.5 million.

“The operating loss in the second quarter of 2022 primarily reflects an $8.6 million non-cash impairment loss due to an increase in the discount rate used in the analyses to estimate the fair value of FCC licenses and goodwill in a rising interest rate environment. For the comparable three months ended June 30, 2021, the company recorded $1.5 million of other operating income, net from life insurance proceeds related to the death of George Beasley, the company’s former chairman. As a result of these factors, Beasley reported a net loss of $14.5 million, or a negative $0.48 per diluted share, in the three months ended June 30, 2022, compared to net income of $0.2 million, or $0.01 per diluted share, in the three months ended June 30, 2021.”

“Beasley delivered another period of strong top-line results in the second quarter, reflecting solid year-over-year growth across all of our revenue sources,” said CEO Caroline Beasley. “Net revenue increased 8.8%, inclusive of a 4.3% rise in audio revenue and a 34.3% rise in digital revenue, with digital accounting for 16.5% of second-quarter net revenue.

“Digital remains a central component of our revenue diversification strategy, and the momentum we are seeing in our digital business is further underpinned by our ability to grow digital revenue 37% on a quarterly sequential basis, while also improving our digital margin. Our new business performance was robust this quarter, as we recorded $7.8 million in new in new business revenue was a 60% increase from the first quarter of the year and a 16% growth year-to-year.

Beasley also has acquired what they call a “white-label digital agency” that will see an influx of cashflow in the next revenue numbers.

“Looking ahead, we will continue to focus on controlling what we can control, maximizing our growth opportunities, managing our expenses and capital structure, serving our audiences and advertisers, and delivering results for our stockholders,” Caroline Beasley said.

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Jesse Kelly: Media Reported ‘Outright Lie’ About Donald Trump’s Passports

“The FBI — somebody at the FBI/DOJ — gets ahold of their media friends. ‘Let me send a quick text message. No we didn’t, he’s lying!’ Media immediately begins to run with the story.”

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During his Tuesday edition of I’m Right with Jesse Kelly, Kelly said the media, in collusion with the FBI reported “outright lies” about whether or not the Bureau had taken former President Donald Trump’s passports during their raid on his Mar-a-Lago residence.

“They took Trump’s passports. Not only did they take Trump’s passports, the media ran with the story that they didn’t take Trump’s passports,” Kelly said. “But wait there’s more. We now have confirmation, courtesy of the release from Trump, that the FBI not only did take the Trump passports they are now giving him a place and a time to go pick up the passports saying ‘Whoopsie. It was a mistake’.

“But let’s focus on the media part here really quickly. Trump comes out and says ‘The FBI took my passports’. The FBI — somebody at the FBI/DOJ (Department of Justice) — gets ahold of their media friends. ‘Let me send a quick text message. No we didn’t, he’s lying!’ Media immediately begins to run with the story. Pushing an outright lie before any confirmation and then it turns out, once again, Trump was right all along.

The Jesse Kelly Show host then went on to say the FBI works other avenues to build a narrative based on falsehoods.

“You see, we have a system completely built on lies. And this is the problem. It’s way beyond the DOJ and FBI. The DOJ (and) FBI, they work with the media, they work with the entertainment system, they work with the politicians. Everyone works together to constantly push lies on you and me.”

Kelly previously said he “wouldn’t believe a single word” of what the FBI or media reported about the raid on Mar-a-Lago, noting he will probably believe any evidence found was planted or is being fabricated.

“That’s not me being a cynic. You can’t lie to me time and time and time and time and time again and then come to me and say ‘Hey, I have something. You gotta believe me’. That’s not how that works.”

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KFI Host Reacts to NY Times Piece on Climate Change

John Kobylt and Ken Chiampou reacted to a climate change article in the NY Times which describes a mega storm that could last for a month.

Ryan Hedrick

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Los Angeles radio hosts John Kobylt and Ken Chiampou reacted Monday to a climate change article printed in the New York Times which describes a mega storm that could last for a month.

The KFI Radio hosts described the article written by Raymond Zhong as an “odd story.” 

“When I saw it on the front page of the actual printed paper, I was like we are being hit over the head with a drought,” said Chiampou. “Now you’re telling us that we’re going to drown?” 

Zhong wrote that a storm of this magnitude could cause more economic damage than a massive earthquake. 

Kobylt pointed out that the same report was published in the Los Angeles Times

“They (media) really go for these frightening stories so they can continue pushing their global warming obsession,” he added. 

The report states that the amount of rain predicted during this mega storm could test the levees, dams, and rivers in the state’s systems. 

John and Ken suggested that the New York Times may have received federal grant money to research this report. 

“From what I have read, if you’re doing climate research you aren’t allowed to research anything other than global warming, climate change disaster,” Kobylt said. “If you do any research that pushes back on what the cult says, then you are out of business.” 

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Kevin Battle Sees Audacy’s KDKA NewsRadio Terminate Contract

Last year, Battle told Barrett News Media that he became involved in the news/talk format after a stint at a Baltimore sports station came to an end.

Ryan Hedrick

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Pittsburgh radio personality Kevin Battle announced that Audacy-owned KDKA NewsRadio unexpectedly terminated his contract Tuesday. Battle shared the news on Facebook, stating that “evolving business situations” prompted the cut.

“It has been an absolute thrill and honor to be able to return to Pittsburgh to work at the legendary KDKA-AM/FM and with the professionals who make it sound great – especially our producer, Rob Graner,” Battle said.

Last year, Battle told Barrett News Media that he became involved in the news/talk format after a stint at a Baltimore sports station came to an end.

“I started selling motorcycles part-time and then I landed a part-time job at WNEW 99.1 FM in Washington D.C. After a year, somebody told me about a position in New York at Fox News Radio,” he said at the time.

A native Pittsburgher, Battle graduated from nearby Clarion University.

“I will be forever grateful to those of you who chose to tune in to the show each morning,” he said. “It really means so much to me that you spent your time listening and sharing your busy day with us. Thank YOU! I will miss you all.”

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