Beasley Broadcast Group Declares Quarterly Cash Dividend of $0.045 Per Share
March 11 2015 - 3:00PM
Beasley Broadcast Group, Inc. (Nasdaq:BBGI) ("the Company"), a
large- and mid-size market radio broadcaster, announced today that
its Board of Directors declared a quarterly cash dividend of $0.045
per share of its Class A and Class B common stock. The dividend is
payable on April 10, 2015, to shareholders of record on March 31,
2015.
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.
About Beasley Broadcast Group
Founded in 1961, Beasley Broadcast Group, Inc., www.bbgi.com, is
a radio broadcasting company that owns and operates 53 stations (34
FM and 19 AM) located in twelve 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 our reports filed with the SEC including in our Annual
Report on Form 10-K for the year ended December 31,
2013. Readers should note that forward-looking statements are
subject to change and to inherent risks and uncertainties and may
be impacted by several factors, including: external economic forces
that could have a material adverse impact on our advertising
revenues and results of operations; our radio stations may not be
able to compete effectively in their respective markets for
advertising revenues; we may not remain competitive if we do not
respond to changes in technology, standards and services that
affect our industry; our substantial debt levels; and, the loss of
key personnel. Our 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" in 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. All information in this release is
as of March 11, 2015, and we undertake no obligation to update the
information contained herein to actual results or changes to our
expectations.
CONTACT: B. Caroline Beasley, Chief Financial Officer
Beasley Broadcast Group, Inc.
239/263-5000; email@bbgi.com
Joseph N. Jaffoni
JCIR
212/835-8500 or bbgi@jcir.com
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