Beasley Broadcast Group Files 2024 10-K
Ticker: BBGI · Form: 10-K · Filed: 2025-03-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, broadcasting
TL;DR
BBGI 2024 10-K filed. All systems go for radio broadcasting.
AI Summary
Beasley Broadcast Group Inc. filed its 2024 10-K on March 26, 2025, reporting on its fiscal year ending December 31, 2024. The filing details various aspects of the company's operations, including its common stock, treasury stock, and promissory notes. It also references specific entities like Quu Inc. and plans such as the Two Thousand Seven Plan, with financial data points extending to December 31, 2024.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Beasley Broadcast Group's financial health and operational status for the fiscal year 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-03-26 — Filing Date (Date the 10-K was submitted)
- 000-29253 — SEC File Number (Company's SEC filing identifier)
Key Players & Entities
- BEASLEY BROADCAST GROUP INC (company) — Filer
- Quu Inc. (company) — Mentioned entity
- Two Thousand Seven Plan (plan) — Stock plan
- Augusta, GA, Fort Myers, FL, and Middlesex, Monmouth, Morristown, NJ Market Clusters (location) — Market clusters
- Beasley Family Towers Inc (company) — Related entity
FAQ
What was the total revenue for Beasley Broadcast Group in fiscal year 2024?
The provided text does not contain specific revenue figures for fiscal year 2024.
What is the nature of the relationship between Beasley Broadcast Group and Quu Inc.?
Quu Inc. is mentioned in relation to the fiscal year ending December 31, 2024, and the period from January 1, 2024, to December 31, 2024, suggesting a business relationship or operational involvement.
When was the 'Two Thousand Seven Plan' established or last relevant?
The 'Two Thousand Seven Plan' is referenced in relation to Restricted Stock Units (RSUs) for the fiscal year ending December 31, 2022, and also for the fiscal year ending December 31, 2024.
Are there any significant asset sales or acquisitions mentioned in the filing?
The filing mentions 'Beasley Family Towers Inc' in relation to December 25, 2024, and 'Augusta GA Fort Myers Naples FL And Middlesex Monmouth Morristown NJ Market Clusters' with 'Licensing Agreements' on November 30, 2023, which could indicate asset or operational changes.
What is the company's primary industry classification?
Beasley Broadcast Group Inc. is classified under 'RADIO BROADCASTING STATIONS' with SIC code [4832].
From the Filing
0000950170-25-045211.txt : 20250326 0000950170-25-045211.hdr.sgml : 20250326 20250326160559 ACCESSION NUMBER: 0000950170-25-045211 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 123 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250326 DATE AS OF CHANGE: 20250326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEASLEY BROADCAST GROUP INC CENTRAL INDEX KEY: 0001099160 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] ORGANIZATION NAME: 06 Technology EIN: 650960915 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29253 FILM NUMBER: 25773182 BUSINESS ADDRESS: STREET 1: 3033 RIVIERA DRIVE STREET 2: SUITE 200 CITY: NAPLES STATE: FL ZIP: 34103 BUSINESS PHONE: 9412635000 MAIL ADDRESS: STREET 1: 3033 RIVIERA DRIVE STREET 2: SUITE 200 CITY: NAPLES STATE: FL ZIP: 34103 10-K 1 bbgi-20241231.htm 10-K 10-K 0001099160 --12-31 FY false one year 0.05 0.05 0001099160 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-12-31 0001099160 us-gaap:TreasuryStockCommonMember 2023-12-31 0001099160 bbgi:PromissoryNoteMember 2023-10-01 2023-12-31 0001099160 bbgi:QuuIncMember 2024-12-31 0001099160 us-gaap:RestrictedStockUnitsRSUMember bbgi:TwoThousandSevenPlanMember 2022-12-31 0001099160 us-gaap:MeasurementInputDiscountRateMember 2024-10-01 2024-12-31 0001099160 2023-01-01 2023-12-31 0001099160 us-gaap:RelatedPartyMember bbgi:QuuIncMember 2024-01-01 2024-12-31 0001099160 bbgi:TwoThousandSevenPlanMember 2024-12-31 0001099160 bbgi:BeasleyFamilyTowersIncMember 2024-12-25 2024-12-25 0001099160 bbgi:AugustaGAFortMyersNaplesFLAndMiddlesexMonmouthMorristownNJMarketClustersMember us-gaap:LicensingAgreementsMember 2023-11-30 2023-11-30 0001099160 2024-09-23 2024-09-23 0001099160 bbgi:DigitalMember 2024-12-31 0001099160 srt:MaximumMember 2023-07-01 2023-09-30 0001099160 bbgi:BroadcastEquipmentMember srt:MaximumMember 2024-12-31 0001099160 srt:MinimumMember 2024-10-01 2024-12-31 0001099160 us-gaap:RestrictedStockUnitsRSUMember bbgi:TwoThousandSevenPlanMember 2024-12-31 0001099160 srt:MaximumMember us-gaap:BuildingAndBuildingImprovementsMember 2024-12-31 0001099160 srt:MinimumMember bbgi:AdvertiserRelationshipsMember 2024-12-31 0001099160 bbgi:PhiladelphiaPaMarketClusterMember us-gaap:MeasurementInputDiscountRateMember us-gaap:GoodwillMember 2024-01-01 2024-12-31 0001099160 us-gaap:CommonClassAMember 2025-03-18 0001099160 us-gaap:RestrictedStockUnitsRSUMember bbgi:TwoThousandSevenPlanMember 2024-01-01 2024-12-31 0001099160 srt:MinimumMember us-gaap:MeasurementInputLongTermRevenueGrowthRateMember 2024-10-01 2024-12-31 0001099160 2023-12-31 0001099160 bbgi:AudioMember 2024-12-31 0001099160 us-gaap:CommonClassAMember 2024-09-23 0001099160 bbgi:AdvertiserRelationshipsMember 2023-12-31 0001099160 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2024-01-01 2024-12-31 0001099160 us-gaap:RelatedPartyMember 2023-12-31 0001099160 us-gaap:CommonClassBMember 2024-09-23 2024-09-23 0001099160 us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2023-12-31 0001099160 us-gaap:CorporateMember 2023-12-31 0001099160 bbgi:TwoThousandSevenPlanMember us-gaap:CommonClassAMember 2024-12-31 0001099160 bbgi:NinePointTwoZeroZeroPercentSeniorSecuredSecondLieuNotesDue2028Member 2024-10-08 0001099160 bbgi:DigitalAdvertisingMember 2024-01-01 2024-12-31 0001099160 us-gaap:TransportationEquipmentMember 2024-12-31 0001099160 bbgi:GGBAugustaMember 2023-01-01 2023-12-31 0001099160 bbgi:WintersrunCommunicationsLLCMember 2023-01-01 2023-12-31 0001099160 us-gaap:OtherCurrentLiabilitiesMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2023-12-31 0001099160 us-gaap:NonrelatedPartyMember 2023-12-31 0001099160 stpr:NJ 2024-10-28 2024-10-28 0001099160 bbgi:PhiladelphiaPaMarketClusterMember 2023-07-01 2023-09-30 0001099160 us-gaap:RetainedEarningsMember 2023-12-31 0001099160 bbgi:LeaseAgreementsTwoMember bbgi:BeasleyFamilyTowersIncMember 2023-01-01 2023-12-31 00010991