Beasley to Close on Greater Media November 1

Beasley-GreaterMBeasley Broadcast Group Interim CEO and Chief Financial Officer Caroline Beasley has told Inside Radio (10/19) that the company is targeting a November 1 closing date on its acquisition of the Greater Media radio stations.

The deal, first announced July 19, will double the size of Beasley in terms of revenue, cash flow and cume, and put it back into several top 10 markets. The addition will grow Beasley by 21 stations in seven markets with billings that will make it the ninth-largest radio group in the U.S.

The acquisition brings Beasley to Michigan for the first time, as it acquires Detroit stations WCSX-FM, WRIF-FM and WMGC-FM as part of the deal.

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