NAPLES, Fla. (AP) _ Beasley Broadcast Group Inc. (BBGI) on Monday reported a loss of $3.7 million in its first quarter.

The Naples, Florida-based company said it had a loss of 13 cents per share. Losses, adjusted for asset impairment costs, came to 8 cents per share.

The radio broadcaster posted revenue of $55.7 million in the period.

The company's shares closed at $1.66. A year ago, they were trading at $2.71.

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