Meet the company that may soon run radio in your town

George Beasley is quite a businessman in the best sense.

http://streamingradioguide.com/blogradio/?page_id=1390

While working as a school system principal in rural North Carolina, he decided to start a radio station. He cut a deal with a local mobile home dealer to give him a trailer in exchange for free advertising and he and his kinfolk made the furniture by hand for the 500 Watt AM daytime only station. He sold the station and started a process of buying up poorly run stations, fixing them up and then reselling them for a profit. Unlike most of the other radio station owners, he is actually making a real profit. The company is one of the few still publicly traded (Symbol BBGI)

The rumor flying around – and it seems 100% plausible – is that George will trade his radio stations in Philadelphia or Las Vegas to CBS Radio in exchange for a large number of smaller market stations in the Southeast US (Florida, Georgia, North Carolina) where most of Beasley Broadcasting stations already are. George understands Dixie, CBS not so much. By trading stations rather than selling them, the owners can put any price tag on the sale they want, and both declare they made a big profit if they choose to.

This entry was posted in North Carolina, Radio Biz, Radio Owners, Station Sales / Transfers. Bookmark the permalink.

One Response to Meet the company that may soon run radio in your town

  1. briand75 says:

    Imagine that – a man who simply runs his business to make a profit. Wait – is that still legal in the US?

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