Beasley Broadcast Group Closes Acquisition Of Two Stations In Augusta, Georgia; New Additions Complete Beasley's Augusta Cluster.Business Editors AUGUSTA, Ga. & NAPLES, Fla.--(BUSINESS WIRE)--April 2, 2001 Beasley Broadcast Group Beasley Broadcast Group, Inc. NASDAQ: BBGI, based in Naples, Florida, is an owner/operator of radio stations in the United States. As of November, 2006, the company owned 16 AM stations and 26 FM stations. , Inc. (Nasdaq:BBGI BBGI Bloc de Branche Gauche Incomplet (French) ), a large- and mid-size market radio broadcaster, today completed the acquisition of WKXC-FM and WSLT-FM in Augusta, Georgia, the nation's 112th largest radio market when ranked by revenue (according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. BIA BIA abbr. Bureau of Indian Affairs Research). The acquisition completes Beasley Broadcast Group's Augusta cluster, giving the Company a total of eight radio stations (6 FMs and 2 AMs) in the market and the number one cluster in terms of revenue and ratings, including the number one- and two-rated 12+ stations in the market (according to Arbitron). Beasley Broadcast Group announced its intent to purchase the stations in November 2000 for approximately $12 million from GHB GHB abbr. gamma-hydroxybutyrate GHB 1 Gamma-hydroxybutyrate, γ-hydroxy-butyrate See GABA 2 Glycosylated hemoglobin, see there GHb Glycosylated hemoglobin, see there of Clearwater, Inc. and GHB of Augusta, Inc., both owned by George H. Buck, Jr. Beasley has no immediate plans to make format changes at either station, and Ms. Coni Sansom will remain their General Manager. George G. Beasley, Chairman and Chief Executive Officer of Beasley commented, "We are excited to welcome the staff, advertisers and listening audience of WKXC-FM and WSLT-FM to the Beasley family. We look forward to realizing synergies from owning and operating a cluster of this size, expanding our audience reach and delivering our advertisers an even better product." Founded in 1961, Beasley Broadcast Group, Inc. is a radio broadcasting The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company that owns or operates 44 stations (28 FM and 16 AM) located in eleven large- and mid-sized markets in the United States. This news announcement contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 U.S. Securities and Exchange Commission. Readers should note that these statements may be impacted by several factors, including economic changes and changes in the radio broadcast industry generally. The Company undertakes no obligation to update the information contained herein |
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