BEASLEY MEDIA GROUP TO DIVEST SIX RADIO STATIONS IN GREENVILLE-NEW BERN-JACKSONVILLE, NC

NAPLES, Florida, February 3, 2017 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the “Company”), a large- and mid-size market radio broadcaster, announced today that Beasley Media Group, Inc. has entered into an asset purchase agreement to sell WNCT-AM, WNCT-FM, WSFL-FM, WIKS-FM, WMGV-FM and WXNR-FM, which serve the Greenville-New Bern-Jacksonville, North Carolina market, for $11 million in cash to CMG Coastal Carolina, LLC, a subsidiary of Curtis Media Group. READ MORE…

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