Beasley Broadcast Group Enters Into Definitive Agreement to Acquire WDMK-FM Detroit for $13.5 Million in Accretive Transaction
Beasley Broadcast Group, Inc. - Class A (BBGI)
US:NASDAQ Investor Relations:
bbgi.com/investors-2
Company Research
Source: GlobeNewswire
NAPLES, Fla., June 10, 2019 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or “the Company”), a large- and mid-size market radio broadcaster, announced today that it entered into a definitive agreement to acquire WDMK-FM and three translators in Detroit, Michigan from Urban One (NASDAQ: UONEK) (“Urban One”) for $13.5 million in cash. Excluding one-time transaction costs, the acquisition of WDMK-FM is expected to be immediately accretive to Beasley’s free cash flow without materially altering the Company’s leverage. Beasley intends to fund the acquisition through borrowings under its credit facility and cash generated from operations. Beasley’s acquisition of WDMK-FM is complementary to the Company’s three existing radio stations and digital operations in the Detroit market, the thirteenth largest designated marketing area in the country, and reflects the Company’s long-term focus on premium local programming and content. Commenting on the proposed tran
Show less
Read more
Impact Snapshot
Event Time:
BBGI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BBGI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BBGI alerts
High impacting Beasley Broadcast Group, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
BBGI
News
- Triton Digital Releases the October 2024 U.S. Podcast Ranker [Yahoo! Finance]Yahoo! Finance
- Beasley Broadcast Group, Inc. (NASDAQ: BBGI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Super Hi-Fi Pioneers Radio's Future with AI on Beasley Media Group's 98.7 The Shark in TampaPR Web
- Beasley Broadcast Group, Inc. (NASDAQ: BBGI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Beasley Broadcast Group Inc (BBGI) Q3 2024 Earnings Call Highlights: Navigating Revenue ... [Yahoo! Finance]Yahoo! Finance
BBGI
Earnings
- 11/5/24 - Miss
BBGI
Sec Filings
- 11/22/24 - Form 4
- 11/20/24 - Form 4
- 11/13/24 - Form 8-K
- BBGI's page on the SEC website