Beasley Broadcast Group Declares Quarterly Cash Dividend of $0.0625 Per Share
March 09 2007 - 7:00AM
Business Wire
Beasley Broadcast Group, Inc. (Nasdaq: BBGI), a large- and mid-size
market radio broadcaster, today announced that its Board of
Directors declared a quarterly cash dividend of $0.0625 for each
share of its Class A and Class B common stock. The dividend is
payable on April 20, 2007, to shareholders of record on March 30,
2007. While the Company intends to pay regular quarterly cash
dividends for the foreseeable future, all subsequent dividends will
be reviewed quarterly and declared by the Board of Directors at its
discretion. Founded in 1961, Beasley Broadcast Group, Inc. is a
radio broadcasting company that owns or operates 43 stations (27 FM
and 16 AM) located in eleven large- and mid-size markets in the
United States. Note Regarding Forward-Looking Statements:
Statements in this release that are �forward-looking statements�
are based upon current expectations and assumptions, and involve
certain risks and uncertainties within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. Words or
expressions such as �intends�, �expects,� �expected,� �anticipates�
or variations of such words and similar expressions are intended to
identify such forward-looking statements. Key risks are described
in the Company�s reports filed with the Securities and Exchange
Commission (SEC). Readers should note that these statements are
subject to change and to inherent risks and uncertainties and may
be impacted by several factors, including: economic and regulatory
changes, the loss of key personnel, a downturn in the performance
of our large-market radio stations, the Company�s substantial debt
levels, and changes in the radio broadcast industry generally. The
Company�s actual performance and results could differ materially
because of these factors and other factors discussed in the
�Management�s Discussion and Analysis of Results of Operations and
Financial Condition� of our SEC filings, including but not limited
to annual reports on Form 10-K or quarterly reports on Form 10-Q,
copies of which can be obtained from the SEC, www.sec.gov, or our
website, www.bbgi.com. These statements do not include the
potential impact of any acquisitions or dispositions announced or
completed after March 9, 2007. All information in this release is
as of March 9, 2007, and the Company undertakes no obligation to
update the information contained herein to actual results or
changes to the Company�s expectations.
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