Reve-News: Beasley reported preliminary Q4 2020 net revenues of approximately $67.4-67.9 million, down 5.8-6.5% from the same period last year. Station operating income dropped 23.1-28.8% to $19.2-20.1m, and EBITDA increased 25-33.8% to $17-18.2m. The increases were attributed to the company’s pandemic response, a boost from political advertising and an expected gain on a land sale. “Our preliminary fourth quarter performance ... demonstrates the significant operating benefits from the actions we took earlier this year to address the pandemic, including reducing operating expenses and negotiating discounts with landlords, service provider and partners,” says CEO Caroline Beasley. “Although it is difficult to predict what the impact of COVID-19 will be in the coming months, we remain optimistic that the commercial advertising market will return to more normalized revenue levels as we move further into the year, following broad vaccine distribution.” More here.