Beasley exchanges KDWN-AM 720 AM/101.5 FM
For Audacy’s KXTE-FM 107.5 in Las Vegas
NAPLES, Fla., Oct. 6, 2022 (GLOBE NEWSWIRE) — Beasley Media Group, LLC BBGI (“Beasley” or the “Company”), a multi-platform media company, today announced that it has partnered with Audacy, Inc. EUR in Las Vegas, Beasley will trade radio station 720 AM KDWN-AM and translator for 101.5 FM for alternative 107.5 KXTE-FM.
As part of the agreement, Dave and Mahoney, the long-time Las Vegas-based syndicated morning personalities, will continue to be heard weekdays from 6:00 am to 10:00 am on KXTE-FM under Beasley’s ownership.
The asset exchange underscores Beasley’s focus on premium local programming and content, and complements the company’s four other radio stations and digital operations in Las Vegas, March 31St largest designated market in the country.
Commenting on the proposed transaction, Caroline Beasley, Chief Executive Officer, said: “Throughout the 61-year history of Beasley Broadcast Group, we have actively managed our station portfolio with the aim of providing the communities in which we operate with the best local programming and brands to serve and diversify our operations, manage risk and improve financial results The agreement to swap KDWN AM/FM translator for KXTE-FM addresses all of these strategic goals and upon completion will expand our market presence and content in Las Vegas with five complement strong signals in the market. “
The transaction is expected to close in the fourth quarter of 2022, subject to Federal Communications Commission approval and other customary closing conditions.
About the Beasley Broadcast Group
Celebrating his 61stSt anniversary this year, Beasley Broadcast Group, Inc., (www.bbgi.com) was founded in 1961 by George G. Beasley. The Beasley Broadcast Group owns and operates 61 AM and FM stations in 15 large and mid-sized markets across the United States. Beasley radio stations reach approximately 20 million unique consumers weekly…
