BNET Industries

Market Cap:$21.6M
Last Fiscal Year Sales:$121.4M
  • Public
  • US
Dow Jones Description

Beasley Broadcast Group, Inc. was founded in 1961 when George G. Beasley built WPYB-AM in Benson, North Carolina. In 1966, Beasley sold WPYB to purchase the larger WFMC-AM in Goldsboro, North Carolina, a 'trade-up' transaction that was to recur numerous times over the next four decades. Early on, the Beasley Broadcast Group developed a knack for acquiring and improving under-performing radio stations. During the 1960's and early 1970's, it purchased stations in Virginia, Kentucky, Georgia, South Carolina, Alabama, Indiana and Ohio. A highlight was the 1976 purchase of WDMT-FM in Cleveland, which marked Beasley Broadcast Group's first operation of a major market station. In the following years, Beasley Broadcast Group continued to expand, adding stations primarily in the eastern United States, as well as in markets like Austin, Texas and Little Rock, Arkansas. In 1989, Beasley Broadcast Group entered the nation's top 10 radio markets through the acquisition of KRTH AM/FM in Los Angeles, a purchase that generated substantial revenue and cash flow for the company. Since that time, Beasley Broadcast Group has broadened and refined its large market operations, entering leading markets including Philadelphia, Miami, Las Vegas and Atlanta, while divesting its Los Angeles assets. In 1996 following passage of the Telecommunications Act, the Beasley Broadcast Group aggressively expanded its station clusters. ...

Chairman and Chief Executive Officer
George G. Beasley
Number of Employees 473
Contact Information

3033 Riviera Dr Ste 200

Naples, Florida 34103

bbgi.com

(239) 263-5000

NAICS Code Radio Stations: 515112

Recent Events

  • Beasley, Sony Report Losses

    10/31/09 - Financial Announcement - View Story

  • Beasley Introduces Iphone App

    9/24/09 - Product Announcement - View Story

  • Beasley Revenues Drop Sharply In Q2

    8/04/09 - Financial Announcement - View Story

News & Analysis

beasley broadcast group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Bruce G. Beasley President, Chief Operating Officer and Director
Allen B. Shaw Co-Chief Operating Officer
B. Caroline Beasley CFO, Vice President & Treasurer
Caroline Beasley Vice President, Chief Financial Officer, Secretary, Treasurer and Director
Michael Cooney Vice President and Chief Technology Officer
Robert L. Demuth CTO & Vice President
Brian E. Beasley Vice President of Operations and Director
Kathleen McCarten Vice President of Interactive
Marie Tedesco Vice President of Finance
Shaun P. Greening Vice President, Finance Reporting
Denyse S. Mesnik Director of Corporate Communications
Denyse Smith Director of Corporate Communications
John Brown Group Director, IT
Patricia Traupman Russell Director, HR
Mario Restrepo Controller
Joyce N. Fitch General Counsel
Lane Cheshire
Walter Sturdivant
Herbert W. McCord Director
Mark S. Fowler Director

Board of Directors

Name (plus bio) Position
George G. Beasley Chairman and Chief Executive Officer
Joe B. Cox Chair

George G. Beasley, age 74, founded Beasley Broadcast Group, Inc. in 1961 and has served since inception as the Company’s Chairman and Chief Executive Officer. Mr. Beasley served on the North Carolina Association of Broadcasters’ Board of Directors for eight years and has served that Association as President and Vice President. Mr. Beasley has a B.A. and M.A. from Appalachian State University. George G. Beasley is the father of Bruce G. Beasley, Caroline Beasley and Brian E. Beasley.

Organization Position Status
Beasley Broadcast Group, Inc. Chairman and Chief Executive Officer Current
Broadcast Cable Financial Management Association Board of Directors Current
Appalachian State University Board of Directors Current
Radio Advertising Bureau Board of Directors Current
North Carolina Association of Broadcasters President Former
Beasley Broadcast Group, Inc. Board of Directors Former
North Carolina Association of Broadcasters Board of Directors Former
Appalachian State University M.A. Former
Appalachian State University B.A. Former
The University of North Carolina B.S. Former
East Carolina University B.S. Former

Bruce G. Beasley, age 49, has served as Beasley Broadcast Group, Inc.’s President and Chief Operating Officer since 1997, Co-Chief Operating Officer from February 2001 until February 2006, and as a director since 1980. He began his career in the broadcasting business with the Company in 1975 and since that time has served in various capacities including General Sales Manager of a radio station, General Manager of a radio station and Vice President of Operations of the Company. Currently, Mr. Beasley oversees the operations of all radio stations. Mr. Beasley serves on the Board of Directors of the Radio Advertising Bureau. Mr. Beasley has a B.S. from East Carolina University. Mr. Beasley is the son of George G. Beasley and the brother of Caroline Beasley and Brian E. Beasley.

Organization Position Status
Beasley Broadcast Group, Inc. President, Chief Operating Officer and Director Current
Beasley Broadcast Group, Inc. Board of Directors Current
Radio Advertising Bureau Board of Directors Current
Beasley Broadcast Group, Inc. Vice President of Operations Former
Beasley Broadcast Group, Inc. General Manager Former
Beasley Broadcast Group, Inc. General Sales Manager Former
East Carolina University B.S. Former

Allen B. Shaw, age 63, joined Beasley Broadcast Group, Inc. as the Vice Chairman of the Board of Directors and Co-Chief Operating Officer in February 2001 as part of the Company’s acquisition of Centennial Broadcasting. Effective February 1, 2006, Mr. Shaw serves solely as Vice Chairman of the Board of Directors. From 1990 to February 2001, Mr. Shaw was the President and Chief Executive Officer of Centennial Broadcasting and he resumed those positions with a new entity called Centennial Broadcasting effective October 1, 2004. Mr. Shaw previously served as the Chief Operating Officer of the Company from 1985 to 1990.

Organization Position Status
Beasley Broadcast Group, Inc. Co-Chief Operating Officer Current
Beasley Broadcast Group, Inc. Co-Chairman, Vice Chairman Current
Beasley Broadcast Group, Inc. Board of Directors Current
Centennial, Inc. Chief Executive Officer Former
Centennial, Inc. President Former

Organization Position Status
Beasley Broadcast Group, Inc. CFO, Vice President & Treasurer Current

Caroline Beasley, age 44, has served as Beasley Broadcast Group, Inc.’s Vice President, Chief Financial Officer and Secretary since 1994 and as a director since 1983. She joined the Company in 1983 and since that time has served in various capacities including Business Manager, Assistant Controller and Corporate Controller. Ms. Beasley serves on the Board of Directors and the Audit Committee of the National Association of Broadcasters and is a member of the Broadcast and Cable Financial Management Association. Ms. Beasley is also a director of Bank of Florida, Naples. Ms. Beasley has a B.S. from the University of North Carolina. Ms. Beasley is the daughter of George G. Beasley and the sister of Bruce G. Beasley and Brian E. Beasley.

Organization Position Status
Beasley Broadcast Group, Inc. Vice President, Chief Financial Officer, Secretary, Treasurer and Director Current
Broadcast Cable Financial Management Association Board of Directors Current
Beasley Broadcast Group, Inc. Board of Directors Current
Bank of Florida Director Current
Broadcast Cable Financial Management Association Member Current
Beasley Broadcast Group, Inc. Business Manager Former
Beasley Broadcast Group, Inc. Assistant Controller Former
The University of North Carolina at Chapel Hill B.S. Former
The University of North Carolina B.S. Former

Mike Cooney is responsible for the general supervision and oversight of all engineering and technology matters for Beasley?s forty-four radio station portfolio and is integrally involved with the Company?s HD Radio? initiative. A Certified Engineer for the Society of Broadcast Engineers (CBRE), Federal Communications first class license holder and certified electronic technician, Mr. Cooney presently is on the Technical Committee for the Broadcast Traffic Consortium (BTC) and the 2009 NAB Broadcast Engineering Conference Committee. Previous to joining Beasley, he was Director of Engineering / IT for Entercom Radio in Kansas City, where he was the design engineer and project manager of one of the largest radio facilities in the United States.

Organization Position Status
Beasley Broadcast Group, Inc. Vice President and Chief Technology Officer Current

Organization Position Status
Beasley Broadcast Group, Inc. CTO & Vice President Current

Brian E. Beasley, age 47, has served as Beasley Broadcast Group, Inc.’s Vice President of Operations since 1997 and as a director since 1982. He began his career in broadcasting during high school in 1977. He joined the Company full-time in 1982 as General Manager of the previously-owned cable TV division. In 1985, he became Senior Account Executive of a radio station. Since that time, Mr. Beasley has served as General Manager of three different radio stations and most recently has been named Vice President of Operations. Mr. Beasley serves on the Board of Directors of the North Carolina Association of Broadcasters. Mr. Beasley has a B.S. from East Carolina University. Mr. Beasley is the son of George G. Beasley and the brother of Bruce G. Beasley and Caroline Beasley.

Organization Position Status
Beasley Broadcast Group, Inc. Vice President of Operations and Director Current
Radio Advertising Bureau Board of Directors Current
Beasley Broadcast Group, Inc. Director Current
Radio Advertising Bureau Member Current
Beasley Broadcast Group, Inc. General Manager Former
Beasley Broadcast Group, Inc. Senior Account Executive Former
East Carolina University B.S. Former

Kathleen Bricketto oversees Beasley?s interactive initiatives. In addition, she manages all local market Interactive Sales Managers, coordinates online advertising sales opportunities and directs all revenue and processes involved with the company?s digital growth initiatives.

Organization Position Status
Beasley Broadcast Group, Inc. Vice President of Interactive Current

Marie Tedesco: Vice President of Finance With BBGI Since: 1991 Marie Tedesco, a native of Sweden, serves as the Company's Vice President of Finance. Ms. Tedesco began her radio career in Los Angeles in 1982 and has since worked with Radio & Records, Inc., Westwood One and NBC Radio, where she was involved in the launching of Pirate Radio in 1989. In 1991, Ms. Tedesco joined Beasley Broadcast Group, Inc. as Corporate Controller. She was later promoted to Vice President of Finance. She graduated from UCLA with a B.S. in Finance.

Organization Position Status
Beasley Broadcast Group, Inc. Vice President of Finance Current
Beasley Broadcast Group, Inc. Corporate Controller Current
University of California, Los Angeles B.S. In Finance Former

Shaun P Greening, CPA: Vice President Financial Reporting With BBGI Since: 2000 Shaun P. Greening, a native of New Zealand, serves as Vice President of Financial Reporting for the Company. He joined Beasley Broadcast Group, Inc. in February of 2000 as the Company completed its initial public offering. Mr. Greening previously served as an Audit Manager for KPMG in Tampa, FL. He is a graduate of Victoria University of Wellington, New Zealand with a Bachelor of Commerce and Administration.

Organization Position Status
Beasley Broadcast Group, Inc. Vice President, Finance Reporting Current
Victoria University of Wellington Bachelor of Commerce Former
Administration, Inc. Bachelor of Commerce Former

Denyse S. Mesnik, APR: Director of Corporate Communications With BBGI Since: 1990 Denyse Smith Mesnik, APR, serves as Director of Corporate Communications for Beasley Broadcast Group, Inc. She joined the Company in 1990 as Executive Assistant to George G. Beasley. Ms. Mesnik serves the Board of Directors of the Florida Association of Broadcasters, the Public Relations Society of America (PRSA) Sunshine District and the Gulf Coast Chapter of PRSA. Ms. Mesnik earned a B.A. from Emory University and her Accreditation of Public Relations (APR) in 2003.

Organization Position Status
Beasley Broadcast Group, Inc. Director of Corporate Communications Current
Beasley Broadcast Group, Inc. Executive Assistant Former
Emory University B.A. Former

Organization Position Status
Beasley Broadcast Group, Inc. Director of Corporate Communications Current

Organization Position Status
Beasley Broadcast Group, Inc. Group Director, IT Current

Pat Russell serves as Human Resource Director for Beasley Broadcast Group, Inc. and is a member of SHRM. Ms. Russell has been associated with the Company in this capacity since 1990. Prior to joining Beasley, she served as Director of Administration of a regional Cable/TV concern based in Pennsylvania.

Organization Position Status
Beasley Broadcast Group, Inc. Director, HR Current
Shrm Board of Directors Current
Beasley Broadcast Group, Inc. Director Current
Shrm Member Current

Organization Position Status
Beasley Broadcast Group, Inc. Controller Current

Joyce Fitch, Esq. has served as General Counsel for Beasley Broadcast Group since 2003. She brings over twenty years of legal experience to the Company, having begun her legal career with the law firm of Whiteford Taylor & Preston and later served as General Counsel for Magellan Behavioral Health, Inc. and iSky, Inc. Ms. Fitch graduated with honors from the University of Maryland School of Law. Although only licensed as an attorney in Maryland, Ms. Fitch is certified as authorized house counsel in Florida.

Organization Position Status
University of Maryland School of Law Former
Magellan Behavioral Health General Counsel Former
Isky, Inc. General Counsel Former

Organization Position Status
Beasley Broadcast Group, Inc. Current

Walter Sturdivant, who began his broadcast career at WCHL, has returned as the President and General Manager of the Chapel Hill-Carrboro radio station. He bagan his duties on January 3. After receiving his BA degree in Broadcast Journalism at UNC-Chapel Hill in 1981, Sturdivant joined WCHL and Tar Heel Sports Network as a reporter before accepting a job as news director for Curtis Media stations in Laurinburg. Sturdivant now comes back to Chapel Hill from Beasley Broadcast Group where he was Vice President, General Manager for three of their radio stations and later VP/Director of Sales for their six-station group in the Fayettville area. A native of Hamlet in Richmond County, North Carolina, Walter and his wife Derrell are the parents of two children, Jonathan, 21, and Mallory, 13.

Organization Position Status
Wchl 1360 President and General Manager of The Chapel Hill, Carrboro Current
Wchl 1360 Reporter Current
Beasley Broadcast Group, Inc. Current
The Wchl Reporter Former
The University of North Carolina at Chapel Hill BA Degree In Broadcast Journalism Former

Joe B. Cox, age 67, has been a director of Beasley Broadcast Group, Inc. since February 2000. Mr. Cox is a partner at the law firm of Cox & Nici. Mr. Cox has practiced law for 40 years, primarily in the tax, corporate and estate law areas. Mr. Cox is also a director of Bancshares of Florida, a publicly held company.

Organization Position Status
Beasley Broadcast Group, Inc. Chair Current
Beasley Broadcast Group, Inc. Director Current

Organization Position Status
Granum Communications Chairman, President & CEO Current
Radio Advertising Bureau Board of Directors Current
Beasley Broadcast Group, Inc. Director Current
Granum Communications President & CEO Former
Radio Advertising Bureau Member Former
Beasley Broadcast Group, Inc. Chair Former

Mark S. Fowler, age 65, has been a director of Beasley Broadcast Group, Inc. since February 2000 and is currently pursuing other business opportunities. Mr. Fowler served as a director of TalkAmerica, Inc., a publicly held company until the company was sold in December 2006. Mr. Fowler also served as Chairman of AssureSat, Inc., a satellite services provider which he co-founded in 1997, until the company was sold in December 2004. Mr. Fowler was a communications counsel at the law firm of Latham and Watkins LLP from 1987 until 2000 and in that capacity practiced before the FCC.

Organization Position Status
F.C.C. Co., Ltd. Chairman Former
Latham & Watkins Communications Counsel Former
Talk America Inc. Director Former
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     BBGI $3.60 +0.20 (5.88% )
Average Volume 3,034
Shares Outstanding 6.05M
Market Cap 21.8M
Year High 4.49
Year Low 0.71
Earnings Per Share -1.50
P/E Ratio -2.40
Dividend 0.20
Yield 5.56
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