Beasley Doesn't Expect Quadrennial Ownership Review Order Until 2020
Beasley Broadcast Group doesn’t expect an order on the FCC’s quadrennial review of ownership rules until early 2020, said CEO Caroline Beasley on the company’s Q2 earnings call Monday. “Litigation” -- likely the pending case before the 3rd U.S. Circuit…
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Court of Appeals (see 1906130052) -- is the reason for the expected delay, Beasley said. The radio broadcaster is concentrating on digital media and its acquisition of stations in Detroit (see 1906100033), Beasley said. Beasley’s Q2 results show $65.7 million net revenue, up from $61 million in Q2 2018.