Beasley Broadcast Group (NASDAQ: BBGI) is a radio broadcasting company that owns and operates radio stations across multiple U.S. markets. Revenue is generated primarily through the sale of on-air and digital advertising to local and national advertisers. The company distributes programming via studios, satellite systems, transmitter facilities, and internet streaming platforms. As of the 10-K filed April 8, 2026, BBGI held FCC licenses across market clusters including New Jersey (Middlesex, Monmouth, Morristown) and Tampa-Saint Petersburg, FL, with FCC license carrying values of $40.7 million and $27.8 million respectively for those two clusters. The company's independent auditors included a going-concern explanatory paragraph in their audit opinion for the year ended December 31, 2025, citing substantial doubt about BBGI's ability to continue as a going concern. The Board has suspended quarterly dividend payments as of that filing. CEO Caroline Beasley also serves as Chairman of the Board, with Bruce G. Beasley as President and Brian E. Beasley as Chief Operating Officer.

Revenue model

Advertising-supported model: revenue generated through the sale of on-air radio advertising and digital advertising across company-owned stations and technology platforms. Cash receipts from revenue decreased by $32.3 million in FY2025 versus FY2024, per the 10-K filed April 8, 2026.

Products and services

AM and FM radio stations; digital streaming and online platforms; mobile applications and websites for listener engagement; digital advertising campaign execution; listener data collection and analytics services.

Customers and end markets

Local and national advertisers purchasing on-air and digital inventory. Listeners across U.S. radio markets served by owned stations. Political advertisers subject to FCC disclosure requirements for AI-generated content in advertisements.

Value-chain role

Content originator and broadcaster: programs and distributes radio content via owned transmitter facilities, third-party satellite transponders, and internet streaming. Relies on third-party providers for electrical power, satellite uplinks and downlinks, and telecom circuits.

Geographic exposure

United States. Identified market clusters include New Jersey (Middlesex, Monmouth, Morristown) and Tampa-Saint Petersburg, FL, based on FCC license disclosures in the 10-K filed April 8, 2026.

Source: SEC 10-K, filed 2026-04-08

Industry: Radio Broadcasting Stations Peers: AUDACY, INC. EMMIS CORP Fox Corp Mediaco Holding Inc Salem Media Group Inc SPANISH BROADCASTING SYSTEM INC Townsquare Media Inc