A business has two options for boosting profit: it can either increase revenue, or decrease cost. Beasly Broadcast Group Inc. went with the latter choice in this year’s first quarter, managing to post a slightly positive net income despite declining revenue.
Indeed, net revenues were down 3.2% relative to the first quarter of 2009, a $0.7 million decrease. Six of the company’s 11 so-called market clusters saw declines, the company said in a release. From Gulf Coast Business.