Caroline Beasley Promoted To Beasley CEO

Beasley Media Group Greater Media Philadelphia Boston Detroit Charlotte New Jersey WMMR WMGK WRIF WCSX WBOS WKLB WMJXThe changes at Beasley Media continue to come following the closing of its acquisition of Greater Media.

Caroline Beasley will shed the interim CEO tag and become permanent Chief Executive Officer as of January 1, 2017. Her father, company founder George Beasley, will remain Chairman of the Board. Concurrently, Marie Tedesco is promoted from Vice President of Finance to fill Caroline Beasley’s former Chief Financial Officer role.

Effective January 1, 2017, Caroline Beasley has been appointed Chief Executive Officer and Marie Tedesco has been appointed Chief Financial Officer. George Beasley, the Company’s founder remains Chairman of the Board.

Caroline Beasley previously served as the Company’s Vice President, Chief Financial Officer, Treasurer and Secretary since 1994. Ms. Beasley is a past Chairman of the Radio Board for the National Association of Broadcasters (NAB). She was asked to join the distinguished NAB Board of Directors in 2005 and has served as the Radio Board’s first and second Vice-Chairman as well as a member of the NAB’s Executive Committee. Additionally, Caroline is a trustee of the National Association of Broadcasters Political Action Committee, and serves as a Board member of Broadcast Music, Inc. (BMI) and the Broadcasters Foundation of America. Honored by Radio INK magazine as one of the “40 Most Powerful People in Radio” in 2011, 2012 and 2016, Caroline has also been recognized in the magazine’s “Most Influential Women in Radio” listing every year since 2003.

A graduate of University of North Carolina Chapel Hill, in 2014 the University of North Carolina Chapel Hill Board of Trustees elected Ms. Beasley to serve as a member of the UNC Board of Visitors. She has also served on the boards of two publicly traded companies that are not affiliated with radio broadcasting, including as Director and Audit Committee Member of Bank of Florida, Naples and Director and Audit Committee member of Summit America Television.

Marie Tedesco previously served as the Company’s Vice President of Finance since 2000. Ms. Tedesco began her radio career in Los Angeles in 1982 working with Radio & Records, Westwood One and NBC Radio, where she was involved in the launching of Pirate Radio in 1989. In 1991, Ms. Tedesco joined Beasley Broadcast Group, Inc. as Corporate Controller. She was later promoted to Vice President of Finance. She graduated from UCLA with a B.S. in Finance.

Commenting on the appointments, George Beasley said, “Caroline brings to her new role an unrivalled passion for radio, our stations and the markets where we operate and I am proud that she will lead our expanded base of operations. She has the experience and industry knowledge to compete effectively in today’s multi-platform environment and has been instrumental in building our station platform and digital operations while bringing new efficiencies to our organization. I am confident these accomplishments and experience will serve us well as we integrate the Greater Media assets and derive value from this compelling, value-building transaction. We look forward to the benefits of Caroline’s leadership, experience and relationships as we execute on our plans to further broaden the Company and ensure that our stations deliver excellent entertainment for listeners and high value for our advertising and brand clients.

“Similarly, Marie brings a long record of financial experience to her new role including contributions at Beasley in areas such as financial reporting, corporate growth and strategic development. We are delighted to have tremendous bench strength in the finance department as Marie will continue to work with our deep and experienced team of operations, marketing and sales professionals and outside advisors as we execute on our strategic growth initiatives.”

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