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This could be why sale of KDWN was delayed

J

JoeyK

Buyer Beasley broadcasting had their stockholders meeting today and it was revealed more of their clusters had decreased earnings than the number with increased earnings. I am wondering if their may be a long delay in completion of KDWN sale to keep the steep purchase price off the books till end of 3rd quarter ensuring a better stockholder dividend despite announcement that completion of sale would be shortly. You can access this at BBGI.com and check press room for further info
 
Check out INSIDE RADIO Friday August 4...today's. It says Beasley should close in the next few days on KDWN plus they have exercised the option on the tower and tower site real estate for an extra $5 million. Beasley is forecasting 3rd quarter revenues to be down 5%.
 
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