BEASLEY BROADCAST GROUP Business Summary

Beasley Broadcast Group Inc. (BBGI) operates as a multi-platform media company primarily generating revenue through local and national advertising sales, digital marketing solutions, and live events. The company’s operations are divided into two primary segments: Audio, which encompasses its portfolio of approximately 57 AM and FM radio stations across 15 large- and mid-size U.S. markets, and Digital, a high-growth division that now accounts for roughly 25% of total net revenue. BBGI’s business model is increasingly focused on a "digital-first" transformation, leveraging owned-and-operated platforms and data-driven advertising to offset structural declines in traditional broadcast agency spending. Within the competitive landscape, Beasley ranks as a top-10 U.S. commercial radio owner by station count, positioning itself as a regional cluster-focused specialist that competes directly with national giants like iHeartMedia, Audacy, and Cumulus Media, as well as mid-market leader Townsquare Media. Founded in 1961 by the late George G. Beasley, the company remains under the significant control of the founding family through a dual-class share structure. The current leadership team is led by CEO Caroline Beasley, a veteran executive and former Chair of the BMI Board of Directors, who also serves as the Interim Chief Financial Officer following the late 2025 resignation of Lauren Burrows Coleman. The executive suite includes President and Vice Chair Bruce G. Beasley, Chief Operating Officer Brian E. Beasley, and the recently appointed Chief Business Officer Kevin LeGrett, an industry veteran from iHeartMedia tasked with unifying revenue strategy. Technical and financial oversight is provided by Chief Technology Officer Michael Cooney and Chief Accounting Officer Shaun Greening. Notable board members include former NAB President Senator Gordon H. Smith and Peter A. Bordes Jr., while major institutional investors include Brigade Capital Management and Vanguard Group.