Beasley Broadcasting Group (BBGI) to Sell Four Charlotte-Area Radio Stations in $24M Deal (ETM)
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Beasley Broadcast Group Enters Into Definitive Agreement to Divest Four Charlotte Radio Stations for $24 Million
October 18, 2016 9:01 AM EDTNAPLES, Fla., Oct. 18, 2016 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the Company or Beasley), a large- and mid-size market radio broadcaster, announced today that it entered into a definitive agreement to sell two FM and two AM radio stations in Charlotte to Entercom Communications Corp. (NYSE: ETM) (Entercom) for $24 million in cash following the completion of, and contingent upon, the Companys previously announced acquisition of all of the outstanding stock of Greater Media, Inc. (Greater Media).
The planned divestiture of the four Charlotte stations... More
