Beasley Broadcast (BBGI) 10-Q 4 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 28, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	BBGI
Entity Registrant Name	BEASLEY BROADCAST GROUP, INC.
Entity Central Index Key	0001099160
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	FL
Entity Tax Identification Number	65-0960915
Entity Address, Address Line One	3033 Riviera Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Naples
Entity Address, Postal Zip Code	34103
City Area Code	239
Local Phone Number	263-5000
Security Exchange Name	NASDAQ
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Entity File Number	000-29253
Entity Incorporation, State or Country Code	DE
Document Transition Report	false
Document Quarterly Report	true
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		13,296,990
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,662,743

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 35,490,662	$ 39,534,653
Accounts receivable, less allowance for credit losses of $1,876,751 in 2022 and $1,848,595 in 2023	55,299,435	56,683,526
Prepaid expenses	8,669,362	5,078,231
Other current assets	4,931,795	4,364,120
Total current assets	104,391,254	105,660,530
Property and equipment, net	53,442,533	55,807,047
Operating lease right-of-use assets	37,398,260	38,478,756
Finance lease right-of-use assets	300,000	306,667
FCC licenses	477,208,798	487,249,798
Goodwill	13,265,460	13,265,460
Other intangibles, net	7,735,897	8,219,939
Other assets	4,684,273	5,955,158
Total assets	698,426,475	714,943,355
Current liabilities:
Accounts payable	20,071,365	19,344,621
Operating lease liabilities	8,317,603	8,166,394
Other current liabilities	32,330,526	29,183,630
Total current liabilities	60,719,494	56,694,645
Long-term debt, net of unamortized debt issuance costs	283,249,402	285,472,107
Operating lease liabilities	36,011,146	37,485,602
Deferred tax liabilities	94,924,594	98,068,981
Total liabilities	488,617,022	491,454,547
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	152,303,663	151,948,310
Treasury stock, Class A common stock; 3,649,568 shares in 2022; 3,719,886 shares in 2023	(29,223,067)	(29,155,300)
Retained earnings	86,195,869	100,163,064
Accumulated other comprehensive income	499,311	499,311
Total stockholders' equity	209,809,453	223,488,808
Total liabilities and stockholders' equity	698,426,475	714,943,355
Class A Common Stock [Member]
Stockholders' equity:
Common stock	17,015	16,761
Class B Common Stock [Member]
Stockholders' equity:
Common stock	16,662	16,662
Due to Related Parties [Member]
Current liabilities:
Other long-term liabilities	70,375	85,731
Nonrelated Party [Member]
Current liabilities:
Other long-term liabilities	$ 13,642,011	$ 13,647,481

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Allowance for doubtful accounts	$ 1,848,595	$ 1,876,751
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Class A Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	17,016,876	16,763,227
Common stock, shares outstanding	13,296,990	13,113,659
Treasury stock, Class A common stock shares	3,719,886	3,649,568
Class B Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	16,662,743	16,662,743
Common stock, shares outstanding	16,662,743	16,662,743

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net revenue	$ 63,461,723	$ 64,810,450	$ 121,240,843	$ 120,530,718
Operating expenses:
Operating expenses	51,327,562	53,626,592	101,981,217	103,636,141
Corporate expenses	4,405,031	4,567,470	8,888,126	8,800,930
Depreciation and amortization	2,195,985	2,451,102	4,425,310	4,967,002
Impairment losses	10,041,000	8,619,097	10,041,000	10,476,323
Total operating expenses	67,969,578	69,264,261	125,335,653	127,880,396
Operating loss	(4,507,855)	(4,453,811)	(4,094,810)	(7,349,678)
Non-operating income (expense):
Interest expense	(6,724,469)	(6,823,217)	(13,318,321)	(13,672,254)
Other income, net	36,735	190,210	577,250	191,082
Loss before income taxes	(11,195,589)	(11,086,818)	(16,835,881)	(20,830,850)
Income tax expense (benefit)	(821,836)	3,554,469	(2,985,819)	(2,621,977)
Loss before equity in earnings of unconsolidated affiliates	(10,373,753)	(14,641,287)	(13,850,062)	(18,208,873)
Equity in earnings of unconsolidated affiliates, net of tax	(56,876)	186,570	(117,133)	163,226
Net loss	$ (10,430,629)	$ (14,454,717)	$ (13,967,195)	$ (18,045,647)
Net loss per Class A and Class B common share:
Basic	$ (0.35)	$ (0.49)	$ (0.47)	$ (0.61)
Diluted	$ (0.35)	$ (0.49)	$ (0.47)	$ (0.61)
Weighted average shares outstanding:
Basic	29,853,144	29,418,951	29,819,638	29,395,003
Diluted	29,853,144	29,418,951	29,819,638	29,395,003

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Stock-based compensation			$ 355,607	$ 606,080
Station Operating Expenses [Member]
Stock-based compensation	$ 39,416	$ 75,368	72,220	153,591
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 141,923	$ 303,462	$ 283,387	$ 452,489

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net loss	$ (10,430,629)	$ (14,454,717)	$ (13,967,195)	$ (18,045,647)
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation			355,607	606,080
Provision for credit losses	295,122	511,253	525,814	588,751
Depreciation and amortization	2,195,985	2,451,102	4,425,310	4,967,002
Impairment losses	10,041,000	8,619,097	10,041,000	10,476,323
Amortization of loan fees			734,253	754,085
Gain on debt purchases			(973,208)	(100,335)
Deferred income taxes			(3,144,387)	(2,747,810)
Equity in earnings of unconsolidated affiliates	56,876	(186,570)	117,133	(163,226)
Change in operating assets and liabilities:
Accounts receivable			858,277	7,160,917
Prepaid expenses			(3,591,131)	(2,286,447)
Other assets			947,918	(2,176,152)
Accounts payable			726,744	2,641,981
Other liabilities			2,840,148	5,003,953
Other operating activities			127,428	72,071
Net cash provided by operating activities			23,711	6,751,546
Cash flows from investing activities:
Payment for acquisition				(2,000,000)
Capital expenditures			(2,016,185)	(6,486,902)
Proceeds from dispositions				1,185,312
Net cash used in investing activities			(2,016,185)	(7,301,590)
Cash flows from financing activities:
Payments on debt			(1,983,750)	(4,802,500)
Reduction of finance lease liabilities				(1,945)
Purchase of treasury stock			(67,767)	(105,707)
Net cash used in financing activities			(2,051,517)	(4,910,152)
Net decrease in cash and cash equivalents			(4,043,991)	(5,460,196)
Cash and cash equivalents at beginning of period			39,534,653	51,378,642
Cash and cash equivalents at end of period	$ 35,490,662	$ 45,918,446	35,490,662	45,918,446
Cash paid for interest			12,569,776	12,921,869
Cash paid for income taxes			$ 1,246,263	$ 1,546,500

Interim Financial Statements

Interim Financial Statements	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements	(1) Interim Financial Statements The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of Beasley Broadcast Group, Inc. and its subsidiaries (the “Company”) included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the financial statements reflect all adjustments necessary for a fair statement of the financial position and results of operations for the interim periods presented, and all such adjustments are of a normal and recurring nature. The Company’s results are subject to seasonal fluctuations; therefore the results shown on an interim basis are not necessarily indicative of results for the full year.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Such estimates include: (i) the amount of allowance for credit losses; (ii) future cash flows used for testing recoverability of property and equipment; (iii) fair values used for testing Federal Communications Commission (“FCC”) licenses, goodwill and other intangibles for impairment; (iv) estimates used to determine the incremental borrowing rate to record lease liabilities and related right-of-use assets; (v) the realization of deferred tax assets; and (vi) actuarial assumptions related to the SERP. Actual results and outcomes may differ from management’s estimates and assumptions. Accounts Receivable Accounts receivable consist primarily of uncollected amounts due from advertisers for the sale of advertising airtime. The amounts are net of advertising agency commissions and an allowance for credit losses. The allowance for credit losses reflects management’s estimate of expected losses in accounts receivable from local advertisers and national agencies. Management determines the allowance based on historical information, relative improvements or deteriorations in the age of the accounts receivable and changes in current economic conditions and reasonable and supportable forecasts of future economic conditions. Interest is not accrued on accounts receivable. The changes in allowance for credit losses on accounts receivable are as follows: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Beginning balance $ 1,510,422 $ 1,740,162 $ 1,720,477 $ 1,876,751 Provision for credit losses 511,253 295,122 588,751 525,814 Deductions ( 373,333 ) ( 186,689 ) ( 660,886 ) ( 553,970 ) Ending balance $ 1,648,342 $ 1,848,595 $ 1,648,342 $ 1,848,595 Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued guidance that will require the measurement of all expected credit losses for financial assets, including accounts receivable, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The guidance was initially effective for the Company for annual reporting periods beginning after December 15, 2019, and interim periods within those fiscal years. In November 2019, the FASB issued additional guidance that included a deferral of the effective date for smaller reporting companies as defined by the Securities and Exchange Commission to fiscal years beginning after December 15, 2022, and interim periods within those years. The Company adopted the guidance on January 1, 2023, and the adoption did not have a material impact on the Company’s condensed consolidated financial statements.

Acquisition and Dispositions

Acquisition and Dispositions	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Acquisition and Dispositions	(3) Acquisition and Dispositions Due to the potential sales of certain audio assets in 2023, the Company recorded impairment losses of $ 10.0 million during the second quarter of 2023 based on the estimated fair value of these audio assets. Management determined that the reclassification to assets held for sale would not have a material impact on the Company’s condensed consolidated balance sheet as of June 30, 2023. On June 22, 2022, the Company completed the acquisition of Guarantee Digital, LLC (“Guarantee”), a digital marketing agency, for $ 2.0 million in cash. The acquisition was accounted for as a business combination. The purchase price allocation is summarized as follows: Property and equipment $ 3,000 Goodwill 922,000 Other intangibles 1,075,000 $ 2,000,000 Goodwill was equal to the amount the purchase price exceeded the values allocated to the tangible and identifiable intangible assets and includes the value of the assembled workforce. The goodwill was allocated to the Digital segment. The $ 0.9 million allocated to goodwill is deductible for tax purposes. Revenue and earnings for Guarantee are not material for all reporting periods presented in the accompanying condensed consolidated financial statements. On April 1, 2022, the Company completed the sale of substantially all of the assets used in the operations of WWNN-AM in West Palm Beach-Boca Raton, FL to a third party for $ 1.25 million in cash. As a result of the sale, the Company recorded an impairment loss of $ 1.9 million related to the FCC license during the first quarter of 2022.

FCC Licenses

FCC Licenses	6 Months Ended
	Jun. 30, 2023
Text Block [Abstract]
FCC Licenses	(4) FCC Licenses Due to an increase in interest rates in the U.S. economy, the Company tested its FCC licenses for impairment during the second quarter of 2022. As a result of the quantitative impairment test performed as of June 30, 2022, the Company recorded impairment losses of $ 2.8 million related to the FCC licenses in its Fort Myers-Naples, FL, Las Vegas, NV, and Wilmington, DE market clusters. The impairment losses were primarily due to an increase in the discount rate used in the discounted cash flow analyses to estimate the fair value of the FCC licenses due to certain risks associated with the U.S. economy. The fair values of the FCC licenses in the Fort Myers-Naples, FL, Las Vegas, NV, and Wilmington, DE market clusters were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected radio market revenues, projected growth rate for radio market revenues, projected radio market revenue shares, projected radio station operating income margins, and a discount rate appropriate for the radio broadcasting industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.9 )% - 15.9 % Market revenue shares at maturity 0.6 % - 44.0 % Operating income margins at maturity 19.2 % - 32.6 % Discount rate 9.5 %

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(5) Goodwill Due to an increase in interest rates in the U.S. economy, the Company tested its goodwill for impairment during the second quarter of 2022. As a result of the quantitative impairment test performed as of June 30, 2022, the Company recorded impairment losses of $ 5.9 million related to the goodwill in its Boston, MA, Charlotte, NC, Fayetteville, NC, Fort Myers-Naples, FL, and Tampa-Saint Petersburg, FL market clusters. The impairment losses were primarily due to an increase in the discount rate used in the discounted cash flow analyses to estimate the fair value of goodwill due to certain risks associated with the U.S. economy. The fair values of goodwill in the Boston, MA, Charlotte, NC, Fayetteville, NC, Fort Myers-Naples, FL, and Tampa-Saint Petersburg, FL market clusters were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected radio market revenues, projected growth rate for radio market revenues, projected radio market revenue shares, projected radio station operating income margins, and a discount rate appropriate for the radio broadcasting industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.9 )% - 11.1 % Operating income margins 5.4 % - 29.8 % Discount rate 9.5 %

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	(6) Long-Term Debt Long-term debt is comprised of the following: December 31, June 30, 2022 2023 Secured notes $ 290,000,000 $ 287,000,000 Less unamortized debt issuance costs ( 4,527,893 ) ( 3,750,598 ) $ 285,472,107 $ 283,249,402 On February 2, 2021, the Company issued $ 300.0 million aggregate principal amount of 8.625 % senior secured notes due on February 1, 2026 (the “Notes”) under an indenture dated February 2, 2021 (the “Indenture”). Interest on the Notes accrues at the rate of 8.625% per annum and is payable semiannually in arrears on February 1 and August 1 of each year. The Notes are secured on a first-lien priority basis by substantially all assets of the Company and its majority-owned subsidiaries and are guaranteed jointly and severally by the Company and its majority-owned subsidiaries. The Indenture contains restrictive covenants that limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, guarantee indebtedness or issue disqualified stock or, in the case of such subsidiaries, preferred stock; pay dividends on, repurchase or make distributions in respect of our capital stock or make other restricted payments; make certain investments or acquisitions; sell, transfer or otherwise convey certain assets; create liens; enter into agreements restricting certain subsidiaries’ ability to pay dividends or make other intercompany transfers; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets; enter into transactions with affiliates; prepay certain kinds of indebtedness; and issue or sell stock of its subsidiaries. Prior to February 1, 2025, the Company will be subject to certain premiums, as defined in the Indenture, for optional or mandatory (upon certain contingent events) redemption of some or all of the Notes. In the second quarter of 2023, the Company repurchased $ 3.0 million principal amount of the Notes for a price equal to 66 % of the principal amount and recorded a gain of $ 1.0 million as a result of the repurchase. In the second quarter of 2022, the Company repurchased $ 5.0 million aggregate principal amount of the Notes for an aggregate price equal to 96 % of the principal amount and recorded an aggregate gain of $ 0.1 million as a result of the repurchases.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Stockholders' Equity	(7) Stockholders’ Equity The changes in stockholders’ equity are as follows: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Beginning balance $ 259,689,019 $ 220,100,965 $ 263,082,298 $ 223,488,808 Stock-based compensation 378,830 181,339 606,080 355,607 Purchase of treasury stock ( 76,108 ) ( 42,222 ) ( 105,707 ) ( 67,767 ) Net loss ( 14,454,717 ) ( 10,430,629 ) ( 18,045,647 ) ( 13,967,195 ) Ending balance $ 245,537,024 $ 209,809,453 $ 245,537,024 $ 209,809,453

Net Revenue

Net Revenue	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Net Revenue	(8) Net Revenue Net revenue is comprised of the following: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Audio $ 53,417,896 $ 50,448,093 $ 100,783,041 $ 97,866,059 Digital 10,719,410 12,301,269 18,527,660 22,278,054 Other 673,144 712,361 1,220,017 1,096,730 $ 64,810,450 $ 63,461,723 $ 120,530,718 $ 121,240,843 The Company recognizes revenue when it satisfies a performance obligation under a contract with an advertiser. The transaction price is allocated to performance obligations based on executed contracts which represent relative standalone selling prices. Payment is generally due within 30 days, although certain advertisers are required to pay in advance. Revenues are reported at the amount the Company expects to be entitled to receive under the contract. The Company has elected to use the practical expedient to expense sales commissions as incurred. Payments received from advertisers before the performance obligation is satisfied are recorded as deferred revenue in the balance sheets. Substantially all deferred revenue is recognized within 12 months of the payment date. December 31, June 30, 2022 2023 Deferred revenue $ 4,696,989 $ 6,636,401 Audio revenue includes revenue from the sale or trade of aired commercial spots to advertisers directly or through advertising agencies. Each commercial spot is considered a performance obligation. Revenue is recognized when the commercial spots have aired. Trade sales are recorded at the estimated fair value of the goods or services received. If commercial spots are aired before the goods or services are received, then a trade sales receivable is recorded. If goods or services are received before the commercial spots are aired, then a trade sales payable is recorded. Other revenue includes revenue from concerts, promotional events, talent fees and other miscellaneous items. Such revenue is generally recognized when the concert, promotional event, or talent services are completed. December 31, June 30, 2022 2023 Trade sales receivable $ 1,564,054 $ 1,973,948 Trade sales payable 806,162 849,333 Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Trade sales revenue $ 1,504,105 $ 1,466,652 $ 2,876,678 $ 2,847,494 Digital revenue includes revenue from the sale of streamed commercial spots, station-owned assets and third-party products. Each streamed commercial spot, station-owned asset and third-party product is considered a performance obligation. Revenue is recognized when the commercial spots have streamed. Station-owned assets are generally scheduled over a period of time and revenue is recognized over time as the digital items are used for advertising content, except for streamed commercial spots. Third-party products are generally scheduled over a period of time with an impression target each month. Revenue from the sale of third-party products is recognized over time as the digital items are used for advertising content and impression targets are met each month.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	(9) Stock-Based Compensation The Beasley Broadcast Group, Inc. 2007 Equity Incentive Award Plan (the “2007 Plan”) permits the Company to issue up to 7.5 million shares of Class A common stock. The 2007 Plan allows for eligible employees, directors and certain consultants of the Company to receive restricted stock units, shares of restricted stock, stock options or other stock-based awards. The restricted stock units that have been granted under the 2007 Plan generally vest over one to five years of service. A summary of restricted stock unit activity is presented below: Units Weighted-Average Grant-Date Fair Value Unvested as of April 1, 2023 1,049,350 $ 1.78 Granted - - Vested ( 170,500 ) 2.58 Forfeited - - Unvested as of June 30, 2023 878,850 $ 1.63 As of June 30, 2023 , there was $ 1.0 million of total unrecognized compensation cost for restricted stock units granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 2.4 years.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	(10) Income Taxes The Company’s effective tax rate was 32 % and ( 7 )% for the three months ended June 30, 2022 and 2023 , respectively, and ( 13 )% and ( 18 )% for the six months ended June 30, 2022 and 2023 , respectively. These rates differ from the federal statutory rate of 21 % due to the effect of state income taxes and certain expenses that are not deductible for tax purposes.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	(11) Earnings Per Share Earnings per share calculation information is as follows: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Net loss attributable to BBGI $ ( 14,454,717 ) $ ( 10,430,629 ) $ ( 18,045,647 ) $ ( 13,967,195 ) Weighted-average shares outstanding: Basic 29,418,951 29,853,144 29,395,003 29,819,638 Effect of dilutive restricted stock units and - - - - Diluted 29,418,951 29,853,144 29,395,003 29,819,638 Net loss attributable to BBGI $ ( 0.49 ) $ ( 0.35 ) $ ( 0.61 ) $ ( 0.47 ) The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method when reporting a net loss as the addition of shares was anti-dilutive. As a result, the Company excluded 136,119 shares and 58,490 shares for the three months ended June 30, 2022 and 2023 , respectively, and 171,501 shares and 57,775 shares for the six months ended June 30, 2022 and 2023 , respectively.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2023
Investments, All Other Investments [Abstract]
Financial Instruments	(12) Financial Instruments The carrying amount of the Company’s financial instruments, including cash and cash equivalents, accounts receivable and accounts payable, approximates fair value due to the short-term nature of these financial instruments. The estimated fair value of the Notes, based on available market information, was $ 174.0 million and $ 189.4 million as of December 31, 2022 and June 30, 2023 , respectively. The Company used Level 2 measurements under the fair value measurement hierarchy to determine the estimated fair value of the Notes.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	(13) Segment Information The Company currently operates three operating segments (Audio, Digital, esports) and two reportable segments (Audio, Digital). The identification of segments is consistent with how the segments report to and are managed by the Company’s Chief Executive Officer (the Company’s Chief Operating Decision Maker). The Audio segment generates revenue primarily from the sale of commercial advertising to customers of the Company’s stations in the following markets: Atlanta, GA, 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, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Digital segment generates revenue primarily from the sale of digital advertising to customers of the Company’s stations and other advertisers throughout the United States. Corporate includes general and administrative expenses and certain other income and expense items not allocated to the operating segments. Non-operating corporate items including interest expense and income taxes, are reported in the accompanying condensed consolidated statements of comprehensive loss. Reportable segment information for the three months ended June 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 50,448,093 $ 12,301,269 $ 712,361 $ - $ 63,461,723 Operating expenses 39,369,033 10,786,584 1,171,945 - 51,327,562 Corporate expenses - - - 4,405,031 4,405,031 Depreciation and amortization 1,737,441 47,201 199,290 212,053 2,195,985 Impairment losses 10,041,000 - - - 10,041,000 Operating income (loss) $ ( 699,381 ) $ 1,467,484 $ ( 658,874 ) $ ( 4,617,084 ) $ ( 4,507,855 ) Audio Digital Other Corporate Total Capital expenditures $ 811,663 $ 8,777 $ 5,412 $ 21,053 $ 846,905 Reportable segment information for the three months ended June 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 53,417,896 $ 10,719,410 $ 673,144 $ - $ 64,810,450 Operating expenses 43,187,604 9,171,535 1,267,453 - 53,626,592 Corporate expenses - - - 4,567,470 4,567,470 Depreciation and amortization 1,564,338 4,613 700,953 181,198 2,451,102 Impairment losses 8,619,097 - - - 8,619,097 Operating income (loss) $ 46,857 $ 1,543,262 $ ( 1,295,262 ) $ ( 4,748,668 ) $ ( 4,453,811 ) Audio Digital Other Corporate Total Capital expenditures $ 5,039,229 $ 8,982 $ ( 1,598 ) $ 64,514 $ 5,111,127 Reportable segment information for the six months ended June 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 97,866,059 $ 22,278,054 $ 1,096,730 $ - $ 121,240,843 Operating expenses 79,268,627 20,694,181 2,018,409 - 101,981,217 Corporate expenses - - - 8,888,126 8,888,126 Depreciation and amortization 3,512,205 93,967 395,767 423,371 4,425,310 Impairment losses 10,041,000 - - - 10,041,000 Operating income (loss) $ 5,044,227 $ 1,489,906 $ ( 1,317,446 ) $ ( 9,311,497 ) $ ( 4,094,810 ) Audio Digital Other Corporate Total Capital expenditures $ 1,949,777 $ 11,590 $ 25,534 $ 29,284 $ 2,016,185 Reportable segment information for the six months ended June 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 100,783,041 $ 18,527,660 $ 1,220,017 $ - $ 120,530,718 Operating expenses 84,050,529 17,573,298 2,012,314 - 103,636,141 Corporate expenses - - - 8,800,930 8,800,930 Depreciation and amortization 3,186,165 9,077 1,396,301 375,459 4,967,002 Impairment losses 10,476,323 - - - 10,476,323 Operating income (loss) $ 3,070,024 $ 945,285 $ ( 2,188,598 ) $ ( 9,176,389 ) $ ( 7,349,678 ) Audio Digital Other Corporate Total Capital expenditures $ 6,221,223 $ 10,826 $ 59,084 $ 206,744 $ 6,497,877 Reportable segment information as of June 30, 2023 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 49,958,321 $ 109,274 $ 84,109 $ 3,290,829 $ 53,442,533 FCC licenses 477,208,798 - - - 477,208,798 Goodwill 10,582,360 922,000 1,761,100 - 13,265,460 Other intangibles, net 1,774,455 913,794 4,867,985 179,663 7,735,897 Reportable segment information as of December 31, 2022 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 51,941,687 $ 112,693 $ 67,751 $ 3,684,916 $ 55,807,047 FCC licenses 487,249,798 - - - 487,249,798 Goodwill 10,582,360 922,000 1,761,100 - 13,265,460 Other intangibles, net 1,841,001 992,752 5,206,523 179,663 8,219,939

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Such estimates include: (i) the amount of allowance for credit losses; (ii) future cash flows used for testing recoverability of property and equipment; (iii) fair values used for testing Federal Communications Commission (“FCC”) licenses, goodwill and other intangibles for impairment; (iv) estimates used to determine the incremental borrowing rate to record lease liabilities and related right-of-use assets; (v) the realization of deferred tax assets; and (vi) actuarial assumptions related to the SERP. Actual results and outcomes may differ from management’s estimates and assumptions.
Accounts Receivable	Accounts Receivable Accounts receivable consist primarily of uncollected amounts due from advertisers for the sale of advertising airtime. The amounts are net of advertising agency commissions and an allowance for credit losses. The allowance for credit losses reflects management’s estimate of expected losses in accounts receivable from local advertisers and national agencies. Management determines the allowance based on historical information, relative improvements or deteriorations in the age of the accounts receivable and changes in current economic conditions and reasonable and supportable forecasts of future economic conditions. Interest is not accrued on accounts receivable. The changes in allowance for credit losses on accounts receivable are as follows: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Beginning balance $ 1,510,422 $ 1,740,162 $ 1,720,477 $ 1,876,751 Provision for credit losses 511,253 295,122 588,751 525,814 Deductions ( 373,333 ) ( 186,689 ) ( 660,886 ) ( 553,970 ) Ending balance $ 1,648,342 $ 1,848,595 $ 1,648,342 $ 1,848,595
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued guidance that will require the measurement of all expected credit losses for financial assets, including accounts receivable, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The guidance was initially effective for the Company for annual reporting periods beginning after December 15, 2019, and interim periods within those fiscal years. In November 2019, the FASB issued additional guidance that included a deferral of the effective date for smaller reporting companies as defined by the Securities and Exchange Commission to fiscal years beginning after December 15, 2022, and interim periods within those years. The Company adopted the guidance on January 1, 2023, and the adoption did not have a material impact on the Company’s condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Allowance for Credit Loss [Abstract]
Summary of credit losses on accounts receivable	The changes in allowance for credit losses on accounts receivable are as follows: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Beginning balance $ 1,510,422 $ 1,740,162 $ 1,720,477 $ 1,876,751 Provision for credit losses 511,253 295,122 588,751 525,814 Deductions ( 373,333 ) ( 186,689 ) ( 660,886 ) ( 553,970 ) Ending balance $ 1,648,342 $ 1,848,595 $ 1,648,342 $ 1,848,595

Acquisition and Dispositions (T

Acquisition and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The purchase price allocation is summarized as follows: Property and equipment $ 3,000 Goodwill 922,000 Other intangibles 1,075,000 $ 2,000,000

FCC Licenses (Tables)

FCC Licenses (Tables)	6 Months Ended
	Jun. 30, 2023
Text Block [Abstract]
Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.9 )% - 15.9 % Market revenue shares at maturity 0.6 % - 44.0 % Operating income margins at maturity 19.2 % - 32.6 % Discount rate 9.5 %

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Key Assumptions Used in the Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.9 )% - 11.1 % Operating income margins 5.4 % - 29.8 % Discount rate 9.5 %

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, June 30, 2022 2023 Secured notes $ 290,000,000 $ 287,000,000 Less unamortized debt issuance costs ( 4,527,893 ) ( 3,750,598 ) $ 285,472,107 $ 283,249,402

Stockholders Equity (Tables)

Stockholders Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Changes in Stockholders Equity	The changes in stockholders’ equity are as follows: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Beginning balance $ 259,689,019 $ 220,100,965 $ 263,082,298 $ 223,488,808 Stock-based compensation 378,830 181,339 606,080 355,607 Purchase of treasury stock ( 76,108 ) ( 42,222 ) ( 105,707 ) ( 67,767 ) Net loss ( 14,454,717 ) ( 10,430,629 ) ( 18,045,647 ) ( 13,967,195 ) Ending balance $ 245,537,024 $ 209,809,453 $ 245,537,024 $ 209,809,453

Net Revenue (Tables)

Net Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Net revenue is comprised of the following: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Audio $ 53,417,896 $ 50,448,093 $ 100,783,041 $ 97,866,059 Digital 10,719,410 12,301,269 18,527,660 22,278,054 Other 673,144 712,361 1,220,017 1,096,730 $ 64,810,450 $ 63,461,723 $ 120,530,718 $ 121,240,843
Deferred Revenue	December 31, June 30, 2022 2023 Deferred revenue $ 4,696,989 $ 6,636,401
Trade Sale Revenue	December 31, June 30, 2022 2023 Trade sales receivable $ 1,564,054 $ 1,973,948 Trade sales payable 806,162 849,333 Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Trade sales revenue $ 1,504,105 $ 1,466,652 $ 2,876,678 $ 2,847,494

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Restricted Stock Units	A summary of restricted stock unit activity is presented below: Units Weighted-Average Grant-Date Fair Value Unvested as of April 1, 2023 1,049,350 $ 1.78 Granted - - Vested ( 170,500 ) 2.58 Forfeited - - Unvested as of June 30, 2023 878,850 $ 1.63

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Earnings per share calculation information is as follows: Three months ended June 30, Six months ended June 30, 2022 2023 2022 2023 Net loss attributable to BBGI $ ( 14,454,717 ) $ ( 10,430,629 ) $ ( 18,045,647 ) $ ( 13,967,195 ) Weighted-average shares outstanding: Basic 29,418,951 29,853,144 29,395,003 29,819,638 Effect of dilutive restricted stock units and - - - - Diluted 29,418,951 29,853,144 29,395,003 29,819,638 Net loss attributable to BBGI $ ( 0.49 ) $ ( 0.35 ) $ ( 0.61 ) $ ( 0.47 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Summary of reportable segment information	Reportable segment information for the three months ended June 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 50,448,093 $ 12,301,269 $ 712,361 $ - $ 63,461,723 Operating expenses 39,369,033 10,786,584 1,171,945 - 51,327,562 Corporate expenses - - - 4,405,031 4,405,031 Depreciation and amortization 1,737,441 47,201 199,290 212,053 2,195,985 Impairment losses 10,041,000 - - - 10,041,000 Operating income (loss) $ ( 699,381 ) $ 1,467,484 $ ( 658,874 ) $ ( 4,617,084 ) $ ( 4,507,855 ) Audio Digital Other Corporate Total Capital expenditures $ 811,663 $ 8,777 $ 5,412 $ 21,053 $ 846,905 Reportable segment information for the three months ended June 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 53,417,896 $ 10,719,410 $ 673,144 $ - $ 64,810,450 Operating expenses 43,187,604 9,171,535 1,267,453 - 53,626,592 Corporate expenses - - - 4,567,470 4,567,470 Depreciation and amortization 1,564,338 4,613 700,953 181,198 2,451,102 Impairment losses 8,619,097 - - - 8,619,097 Operating income (loss) $ 46,857 $ 1,543,262 $ ( 1,295,262 ) $ ( 4,748,668 ) $ ( 4,453,811 ) Audio Digital Other Corporate Total Capital expenditures $ 5,039,229 $ 8,982 $ ( 1,598 ) $ 64,514 $ 5,111,127 Reportable segment information for the six months ended June 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 97,866,059 $ 22,278,054 $ 1,096,730 $ - $ 121,240,843 Operating expenses 79,268,627 20,694,181 2,018,409 - 101,981,217 Corporate expenses - - - 8,888,126 8,888,126 Depreciation and amortization 3,512,205 93,967 395,767 423,371 4,425,310 Impairment losses 10,041,000 - - - 10,041,000 Operating income (loss) $ 5,044,227 $ 1,489,906 $ ( 1,317,446 ) $ ( 9,311,497 ) $ ( 4,094,810 ) Audio Digital Other Corporate Total Capital expenditures $ 1,949,777 $ 11,590 $ 25,534 $ 29,284 $ 2,016,185 Reportable segment information for the six months ended June 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 100,783,041 $ 18,527,660 $ 1,220,017 $ - $ 120,530,718 Operating expenses 84,050,529 17,573,298 2,012,314 - 103,636,141 Corporate expenses - - - 8,800,930 8,800,930 Depreciation and amortization 3,186,165 9,077 1,396,301 375,459 4,967,002 Impairment losses 10,476,323 - - - 10,476,323 Operating income (loss) $ 3,070,024 $ 945,285 $ ( 2,188,598 ) $ ( 9,176,389 ) $ ( 7,349,678 ) Audio Digital Other Corporate Total Capital expenditures $ 6,221,223 $ 10,826 $ 59,084 $ 206,744 $ 6,497,877 Reportable segment information as of June 30, 2023 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 49,958,321 $ 109,274 $ 84,109 $ 3,290,829 $ 53,442,533 FCC licenses 477,208,798 - - - 477,208,798 Goodwill 10,582,360 922,000 1,761,100 - 13,265,460 Other intangibles, net 1,774,455 913,794 4,867,985 179,663 7,735,897 Reportable segment information as of December 31, 2022 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 51,941,687 $ 112,693 $ 67,751 $ 3,684,916 $ 55,807,047 FCC licenses 487,249,798 - - - 487,249,798 Goodwill 10,582,360 922,000 1,761,100 - 13,265,460 Other intangibles, net 1,841,001 992,752 5,206,523 179,663 8,219,939

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Summary of Credit Losses on Accounts Receivable (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Allowance for Credit Loss [Abstract]
Beginning balance	$ 1,740,162	$ 1,510,422	$ 1,876,751	$ 1,720,477
Provision for credit losses	295,122	511,253	525,814	588,751
Deductions	(186,689)	(373,333)	(553,970)	(660,886)
Ending balance	$ 1,848,595	$ 1,648,342	$ 1,848,595	$ 1,648,342

Acquisition and Dispositions -

Acquisition and Dispositions - Schedule of Purchase Price Allocation (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 13,265,460	$ 13,265,460
BBGI Guarantee Digital L L C [Member]
Business Acquisition [Line Items]
Property and equipment	3,000
Goodwill	922,000
Other intangibles	1,075,000
Total purchase price allocation	$ 2,000,000

Acquisition and Dispositions _2

Acquisition and Dispositions - Additional Information (Detail) - USD ($)		1 Months Ended	3 Months Ended	6 Months Ended
	Jun. 22, 2022	Apr. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Proceeds from dispositions					$ 1,185,312
Impairment losses			$ 1,900,000	$ 10,000,000
Reporting Unit, Zero or Negative Carrying Amount, Amount of Allocated Goodwill				$ 900,000
Payment to acquire business gross					$ 2,000,000
Guarantee Digital L L C [Member]
Business Acquisition [Line Items]
Payment to acquire business gross	$ 2,000,000
West Palm Beach Boca Raton [Member] | WWNNAM [Member]
Business Acquisition [Line Items]
Proceeds from dispositions		$ 1,250,000

FCC Licenses - Additional Infor

FCC Licenses - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill		$ 1.9	$ 10
Fort Mayers Naples FL Lasvegas LV And Wilmington [Member] | Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill	$ 2.8

FCC Licenses - Discounted Cash

FCC Licenses - Discounted Cash Flow Analyses (Detail)	3 Months Ended
	Jun. 30, 2022
Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	9.50%
Minimum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	0.60%
Operating income margins at maturity	19.20%
Minimum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	(1.90%)
Maximum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	44%
Operating income margins at maturity	32.60%
Maximum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	15.90%

Goodwill - Additional Informati

Goodwill - Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Line Items]
Goodwill impairment losses	$ 5.9

Goodwill - Summary of Key Assum

Goodwill - Summary of Key Assumptions Used in the Discounted Cash Flow Analyses (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2023
Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates		(9.50%)
Minimum [Member]
Goodwill [Line Items]
Operating income margins	19.20%
Minimum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates	(1.90%)
Minimum [Member] | Goodwill [Member]
Goodwill [Line Items]
Operating income margins		5.40%
Minimum [Member] | Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates		(1.90%)
Maximum [Member]
Goodwill [Line Items]
Operating income margins	32.60%
Maximum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates	15.90%
Maximum [Member] | Goodwill [Member]
Goodwill [Line Items]
Operating income margins		29.80%
Maximum [Member] | Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates		11.10%

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Less unamortized debt issuance costs	$ (3,750,598)	$ (4,527,893)
Long-term debt	283,249,402	285,472,107
Secured Notes [Member]
Line of Credit Facility [Line Items]
Secured notes	$ 287,000,000	$ 290,000,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Feb. 02, 2021
Long-Term Debt [Line Items]
Gain (Loss) on Extinguishment of Debt			$ 973,208	$ 100,335
Promissory Note [Member]
Long-Term Debt [Line Items]
Debt Instrument Repurchased Amount	$ 3,000,000	$ 5,000,000
Debt instrument redeemed Percentage	66%	96%
Gain (Loss) on Extinguishment of Debt	$ 1,000,000	$ 100,000
8.625% senior secured notes due on February 1, 2026
Long-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					8.625%
Debt instrument face value					$ 300,000,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Stockholders Equity (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Beginning balance	$ 220,100,965	$ 259,689,019	$ 223,488,808	$ 263,082,298
Stock-based compensation	181,339	378,830	355,607	606,080
Purchase of treasury stock	(42,222)	(76,108)	(67,767)	(105,707)
Net loss	(10,430,629)	(14,454,717)	(13,967,195)	(18,045,647)
Ending balance	$ 209,809,453	$ 245,537,024	$ 209,809,453	$ 245,537,024

Net Revenue - Composition of Re

Net Revenue - Composition of Revenue (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Net revenue	$ 63,461,723	$ 64,810,450	$ 121,240,843	$ 120,530,718
Audio [Member]
Disaggregation of Revenue [Line Items]
Net revenue	50,448,093	53,417,896	97,866,059	100,783,041
Digital [Member]
Disaggregation of Revenue [Line Items]
Net revenue	12,301,269	10,719,410	22,278,054	18,527,660
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 712,361	$ 673,144	$ 1,096,730	$ 1,220,017

Net Revenue - Deferred Revenue

Net Revenue - Deferred Revenue (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 6,636,401	$ 4,696,989

Net Revenue - Trade Sale Revenu

Net Revenue - Trade Sale Revenue (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 1,973,948		$ 1,973,948		$ 1,564,054
Trade sales payable	849,333		849,333		$ 806,162
Trade sales revenue	$ 1,466,652	$ 1,504,105	$ 2,847,494	$ 2,876,678

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock granted | $	$ 1
Cost expected to be recognized over a weighted-average period	2 years 4 months 24 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	5 years
Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized | shares	7,500,000

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units (Detail) - 2007 Plan [Member] - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	1,049,350
Granted, Shares | shares	0
Vested, Shares | shares	(170,500)
Forfeited, Shares | shares	0
Unvested Shares, Ending Balance | shares	878,850
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 1.78
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	0
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	2.58
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	0
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 1.63

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Federal statutory rate			21%
Effective tax rate	(7.00%)	32%	(18.00%)	(13.00%)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net loss attributable to BBGI stockholders	$ (10,430,629)	$ (14,454,717)	$ (13,967,195)	$ (18,045,647)
Weighted-average shares outstanding:
Basic	29,853,144	29,418,951	29,819,638	29,395,003
Effect of dilutive restricted stock units and restricted stock	0	0	0	0
Diluted	29,853,144	29,418,951	29,819,638	29,395,003
Net loss attributable to BBGI stockholders per Class A and Class B common share - basic	$ (0.35)	$ (0.49)	$ (0.47)	$ (0.61)
Net loss attributable to BBGI stockholders per Class A and Class B common share - diluted	$ (0.35)	$ (0.49)	$ (0.47)	$ (0.61)

Earnings Per Share - Additional

Earnings Per Share - Additional information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of earnings per share	58,490	136,119	57,775	171,501

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Inputs, Level 2 [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 189.4	$ 174

Segment Information - Summary o

Segment Information - Summary of Reportable Segment Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net revenue	$ 63,461,723	$ 64,810,450	$ 121,240,843	$ 120,530,718
Operating expenses	51,327,562	53,626,592	101,981,217	103,636,141
Corporate expenses	4,405,031	4,567,470	8,888,126	8,800,930
Depreciation and amortization	2,195,985	2,451,102	4,425,310	4,967,002
Impairment losses	10,041,000	8,619,097	10,041,000	10,476,323
Operating loss	(4,507,855)	(4,453,811)	(4,094,810)	(7,349,678)
Capital expenditures	846,905	5,111,127	2,016,185	6,497,877
Property and equipment, net	53,442,533		53,442,533		$ 55,807,047
FCC licenses	477,208,798		477,208,798		487,249,798
Goodwill	13,265,460		13,265,460		13,265,460
Other intangibles, net	7,735,897		7,735,897		8,219,939
Audio [Member]
Segment Reporting Information [Line Items]
Net revenue	50,448,093	53,417,896	97,866,059	100,783,041
Operating expenses	39,369,033	43,187,604	79,268,627	84,050,529
Depreciation and amortization	1,737,441	1,564,338	3,512,205	3,186,165
Impairment losses	10,041,000	8,619,097	10,041,000	10,476,323
Operating loss	(699,381)	46,857	5,044,227	3,070,024
Capital expenditures	811,663	5,039,229	1,949,777	6,221,223
Property and equipment, net	49,958,321		49,958,321		51,941,687
FCC licenses	477,208,798		477,208,798		487,249,798
Goodwill	10,582,360		10,582,360		10,582,360
Other intangibles, net	1,774,455		1,774,455		1,841,001
Digital [Member]
Segment Reporting Information [Line Items]
Net revenue	12,301,269	10,719,410	22,278,054	18,527,660
Operating expenses	10,786,584	9,171,535	20,694,181	17,573,298
Depreciation and amortization	47,201	4,613	93,967	9,077
Operating loss	1,467,484	1,543,262	1,489,906	945,285
Capital expenditures	8,777	8,982	11,590	10,826
Property and equipment, net	109,274		109,274		112,693
Goodwill	922,000		922,000		922,000
Other intangibles, net	913,794		913,794		992,752
Other [Member]
Segment Reporting Information [Line Items]
Net revenue	712,361	673,144	1,096,730	1,220,017
Operating expenses	1,171,945	1,267,453	2,018,409	2,012,314
Depreciation and amortization	199,290	700,953	395,767	1,396,301
Operating loss	(658,874)	(1,295,262)	(1,317,446)	(2,188,598)
Capital expenditures	(5,412)	(1,598)	25,534	59,084
Property and equipment, net	84,109		84,109		67,751
Goodwill	1,761,100		1,761,100		1,761,100
Other intangibles, net	4,867,985		4,867,985		5,206,523
Corporate [Member]
Segment Reporting Information [Line Items]
Corporate expenses	4,405,031	4,567,470	8,888,126	8,800,930
Depreciation and amortization	212,053	181,198	423,371	375,459
Operating loss	(4,617,084)	(4,748,668)	(9,311,497)	(9,176,389)
Capital expenditures	21,053	$ 64,514	29,284	$ 206,744
Property and equipment, net	3,290,829		3,290,829		3,684,916
Other intangibles, net	$ 179,663		$ 179,663		$ 179,663