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Beasley Broadcast Group Sees 8.8% Revenue Increase in 2nd Quarter

Beasley also has acquired what they call a “white-label digital agency” that will see an influx of cash flow in the next revenue numbers.

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Beasley Broadcast Group revealed an 8.8% revenue increase for the 2nd quarter of the year, compared to 2021 numbers.

The company also explained a $5.4 million operating loss and a net loss of $14.5 million.

“The operating loss in the second quarter of 2022 primarily reflects an $8.6 million non-cash impairment loss due to an increase in the discount rate used in the analyses to estimate the fair value of FCC licenses and goodwill in a rising interest rate environment. For the comparable three months ended June 30, 2021, the company recorded $1.5 million of other operating income, net from life insurance proceeds related to the death of George Beasley, the company’s former chairman. As a result of these factors, Beasley reported a net loss of $14.5 million, or a negative $0.48 per diluted share, in the three months ended June 30, 2022, compared to net income of $0.2 million, or $0.01 per diluted share, in the three months ended June 30, 2021.”

“Beasley delivered another period of strong top-line results in the second quarter, reflecting solid year-over-year growth across all of our revenue sources,” said CEO Caroline Beasley. “Net revenue increased 8.8%, inclusive of a 4.3% rise in audio revenue and a 34.3% rise in digital revenue, with digital accounting for 16.5% of second-quarter net revenue.

“Digital remains a central component of our revenue diversification strategy, and the momentum we are seeing in our digital business is further underpinned by our ability to grow digital revenue 37% on a quarterly sequential basis, while also improving our digital margin. Our new business performance was robust this quarter, as we recorded $7.8 million in new in new business revenue was a 60% increase from the first quarter of the year and a 16% growth year-to-year.

Beasley also has acquired what they call a “white-label digital agency” that will see an influx of cashflow in the next revenue numbers.

“Looking ahead, we will continue to focus on controlling what we can control, maximizing our growth opportunities, managing our expenses and capital structure, serving our audiences and advertisers, and delivering results for our stockholders,” Caroline Beasley said.

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Chris Stigall: Media Is Misleading Public on America’s State

Stigall praised former New Jersey Gov. Chris Christie for his comments to ABC’s George Stephanopoulos on “This Week.”

Ryan Hedrick

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Philadelphia radio host Chris Stigall said the media is to blame for misleading the public about the true state of America. Speaking on his show Monday on 990 The Answer, Stigall pushed back against pundits who claimed that Friday’s Jobs Report Showed economic growth. 

Stigall praised former New Jersey Gov. Chris Christie for his comments to ABC’s George Stephanopoulos on “This Week.” Christie Said inflation is canceling anything that appears good because Americans can’t keep up with rising prices. 

Christie cited the rising cost of food and gas. Stigall reacted to Stephanopoulos, pushing back against Christie’s assertion that people are doing worse financially than they were two years ago.

 “There’s Stephanopoulos again. Isn’t it good that the president got more legislative things done,” Stigall said mockingly. “This is exactly what Jonathan Karl did last week, these Sunday show people.”

 Stigall inferred that the media is covering up for the Biden administration’s constant overspending, which many analysts believe has led to historical inflation. 

“All they do is pom-pom shake and cheerlead,” exclaimed Stigall. “This is Washingtonian c**p, beltway stuff. George, the people are hurting; it’s costing a fortune to live!”  

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Buck Sexton: Conservative Media Deserves Credit for Hunter Biden Story

Clay Travis and Buck Sexton claim that CNN’s Brian Stelter has changed his position on the legitimacy of the Hunter Biden laptop story.

Ryan Hedrick

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Clay Travis and Buck Sexton claim that CNN’s Brian Stelter has changed his position on the legitimacy of the Hunter Biden laptop story. The duo analyzed how Stelter is shifting the narrative during their nationally syndicated radio show on Monday. 

Travis said he was shocked when he heard Stelter discuss the possibility that Hunter Biden may be under federal investigation. 

“Mr. Potato Head. Brian Stelter, he actually said on his show over the weekend,” said Travis. “You know what? There’s something to this Hunter Biden story.” I was stunned when I heard this,” Travis said via the show’s official website. 

Sexton said conservative media should get credit for breaking the Biden laptop story. 

“It’s always, “Oh, I guess they’re not total liars over there and a bunch of jerks,” Sexton said. “They actually got it right. They never give any credit. And we’re right on this stuff all the time.” 

“Stelter is part of a whole movement over at CNN toward. “People say, “Oh, they’re moving back toward the center,” or, “They’re moving back toward more of a journalistic enterprise.” The reality is that they’re moving back toward or they’re moving in the direction of what conservative media has been saying now all along, especially about everything with Biden,” he added.

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Megyn Kelly Reveals Nearly Testifying Against Alex Jones

Kelly stated that the parents of Jesse Lewis, a six-year-old boy murdered in the Sandy Hook shooting, asked the radio host to take the stand about a 2017 interview Kelly had conducted with Jones.

Eduardo Razo

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SiriusXM’s Megyn Kelly revealed on Monday’s edition of “The Megyn Kelly Show” that she was about to appear in court as part of the Alex Jones defamation trial in support of the families of Sandy Hook victims.

Kelly stated that the parents of Jesse Lewis, a six-year-old boy murdered in the Sandy Hook shooting, asked the radio host to take the stand about a 2017 interview Kelly had conducted with Jones.

“I will tell you the truth,” Kelly said on her show. “I was not excited to do this and really wrestled with whether I could or should. This whole story, every iteration of it has been personally and professionally painful.”

“Did I really wanna leave my family, travel to Austin, Texas, take part in this insane trial with an out-of-control defendant, and subject myself to a hostile cross-examination, not to mention relive a difficult time in my career and a chapter of dealing with Alex Jones that frankly, I would rather forget? No.”

Kelly discussed the 2017 interview she conducted with Jones when she was with NBC News and stated that Sandy Hook would be a topic of discussion with the InfoWars host. Furthermore, she added that no one forced Jones to say any conspiracy theories. 

“The truth is, I told Alex Jones from the start, that Sandy hook would be part of this interview. That we would go over the controversies, but that I wanted to cover more about him than that. And that’s exactly what we did in the NBC news piece, which is one of the journalistic endeavors of which I am most proud in my career,” Kelly said.

“No one made him spew these conspiracy theories, but himself, he jumped willingly and recklessly into those defamatory claims,” she added. “This judgment is morally correct. And beyond past due.”

Finally, Kelly stated that she was happy to see Jones punished. 

“Alex Jones, yes, in his own way, a talented, compelling sometimes — sometimes on other issues weirdly correct, entertaining force in independent media, has hurt too many people, too many times,” Kelly said. “I am happy for Neil and Scarlett. I am relieved the jury punished Alex Jones.”

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