Operator
Operator
Good day and welcome to this Beasley Broadcast Group 2015 Second Quarter Results. Today's call is being recorded. At this time, I’d like to turn the call over to Ms. Caroline Beasley. Please go ahead ma'am.
Beasley Broadcast Group, Inc. (BBGI)
Q2 2015 Earnings Call· Fri, Aug 7, 2015
$22.31
-0.04%
Same-Day
+0.24%
1 Week
+18.74%
1 Month
-9.50%
vs S&P
-3.17%
Operator
Operator
Good day and welcome to this Beasley Broadcast Group 2015 Second Quarter Results. Today's call is being recorded. At this time, I’d like to turn the call over to Ms. Caroline Beasley. Please go ahead ma'am.
Caroline Beasley
Management
Thank you and good morning and welcome to Beasley Broadcast Group second quarter 2015 webcast. Before beginning, I’d like to emphasize that this broadcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the risk factor section of our most recent form 10-K. Today's webcast will also contain a discussion of certain non-GAAP financial measures, within the meaning of item 10 of Reg S-K. A reconciliation of these non-GAAP measures, with their most directly comparable financial measures, calculated and presented in accordance with GAAP, can be found in this morning's news announcement and on our Web site. I would also remind listeners that following its completion, a replay of today's webcast can be accessed for five days on our Web site. As on our past three webcasts, I’ll remind everyone that on December 1, 2014 we swapped five radio stations, including two FM’s in Philly and two FM’s and one AM in Miami for a total of 14 CBS stations, including seven in Charlotte, six in Tampa, and one in Philly. As a result of the transaction on a GAAP basis we are required to report the five stations that CBS assumed ownership of under discontinued operations. Despite having operated them in the second quarter and first half of 2014. And as such, we again have provided supplementary disclosures in today’s release. So moving on a continuing operations basis, net revenue increased 91% and SOI increased 63%. This reflects revenues from the new Tampa and Charlotte clusters for the second quarter, which were not included in the second quarter of ’14 results, and it excludes the stations we swapped to CBS. Now on a combined continuing and discontinued ops basis for the quarter, revenue increased $1.1 million or 4.4%. Station…
Operator
Operator
That does conclude today's conference. Thank you for your participation.