BEASLEY BROADCAST GROUP INC

Beasley Broadcast Group, Inc. is a multi-platform media company primarily operating radio stations across the United States. The company provides local and national advertisers with integrated marketing solutions spanning audio, digital, and event platforms. It owns and operates stations in Augusta, GA; Boston, MA; Charlotte, NC; Detroit, MI; Fayetteville, NC; Fort Myers-Naples, FL; Las Vegas, NV; Middlesex, NJ; Monmouth, NJ; Morristown, NJ; Philadelphia, PA; and Tampa-Saint Petersburg, FL. Each group of stations in these locations is referred to as a market cluster. The company was formed in 1999 as a Delaware corporation. Beasley Broadcast Group aims to lead in its markets by developing high-quality local content through audio and digital platforms, including community events and experiences. This strategy allows them to offer advertisers an effective marketing platform to reach large and targeted local audiences. Stations are operated in clusters to attract diverse demographic listener groups, enhancing their appeal to a broad range of advertisers. Current FCC rules prevent the company from adding more AM or FM stations to its Philadelphia, PA market cluster, or more FM stations to its Augusta, GA, Boston, MA, Charlotte, NC, Fayetteville, NC, and Las Vegas, NV market clusters. The main revenue source is the sale of advertising time to local, regional, national, and national network advertisers. A growing revenue source comes from station-related digital product suites, which facilitate audience interaction and participation, and integrated digital advertising solutions. Local sales staff generate most local and regional advertising sales through direct solicitations, while a national representation firm handles sales to advertisers outside local markets.