Beasley is in trouble when they purchased WTMR they spent 16 Million Dollars for it this is what Beasley stock is trading for 0.8328 per share.
I guarentee they didnt pay $16 for a not covering the entire market by day and certainly not doing it at night AM.. id bet that $16 million came with an FM. $16 mil for WTMR would be beyond absurd even at the height of station values