Beasley Closes On Greater Media Purchase
November 1, 2016 at 7:34 AM (PT)
BEASLEY MEDIA GROUP has closed on the acquisition of GREATER MEDIA, INC.
In a memo to BEASLEY staff, CFO/Interim CEO CAROLINE BEASLEY said, "This transaction joins two family-founded companies that have always taken great pride in serving our communities into a brand new, multi-platform broadcast and digital company that will expand our united presence in the radio industry. We will be working together to significantly broaden our reach, our scale and our revenue base.
"Of course, this deal has demanded the highest level of dedication, focus and teamwork. I am grateful to our founder and Chairman GEORGE BEASLEY, our President BRUCE BEASLEY, and our COO BRIAN BEASLEY. They, along with our tireless corporate team members, have dedicated every single day since our acquisition announcement to ensure this successful closing. I’d like to extend my sincere thanks to JOYCE FITCH and MARIE TEDESCO, who have worked days, nights and weekends during these last several months.
"Today, I thank each and every one of you for creating and sustaining the continued success of BEASLEY MEDIA GROUP. I invite you to remember this day, to share in our joy, and to celebrate this longstanding, outstanding radio company.
"We hope to perform beyond your expectations, provide leadership with extraordinary vision, and ensure that you will have a future that is brighter than ever, at BEASLEY MEDIA GROUP."