BBGI - Beasley Media Group enters into exchange agreement with Audacy
- Beasley Media Group ( NASDAQ: BBGI ) and Audacy ( NYSE: AUD ) enters into an asset exchange agreement whereby Beasley will exchange the radio station 720 AM KDWN-AM and the translator for 101.5 FM for Alternative 107.5 KXTE-FM, in Las Vegas.
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As part of the agreement, longtime Las Vegas-based syndicated morning personalities Dave and Mahoney will continue to be heard weekdays from 6 a.m. - 10 a.m. on KXTE-FM under Beasley’s ownership.
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The asset exchange highlights Beasley’s focus on premium local programming and content and is complementary to the company’s four other radio stations and digital operations in Las Vegas.
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The transaction is expected to close in the fourth quarter of 2022.
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Beasley Media Group enters into exchange agreement with Audacy