Beasely To Buy Greater Media, With 21 Radio Stations, for $240 Million
Beasley Broadcast will buy Greater Media for $240 million, Beasley said in a news release Wednesday. The deal will get Beasley 21 radio stations in seven markets, including new markets in Detroit and New Jersey, the release said. The transaction…
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is expected to “significantly broaden Beasley’s local radio broadcasting and digital platform, scale and revenue base by adding stations that are geographically complementary to the Company’s operating base,” it said. Beasley said it plans to divest some Charlotte, North Carolina, radio stations to get FCC OK, and will end up with 73 stations when the transaction closes. The deal is expected to close in Q4.