Beasley Broadcast (BBGI) 10-K 16 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 06, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Trading Symbol	BBGI
Entity Registrant Name	BEASLEY BROADCAST GROUP, INC.
Entity Central Index Key	0001099160
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
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	Common Stock
Entity Public Float			$ 9,538,293
Entity File Number	000-29253
Entity Incorporation, State or Country Code	DE
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Auditor Name	Crowe LLP
Auditor Firm ID	173
Auditor Location	Fort Lauderdale, Florida
Document Financial Statement Error Correction [Flag]	false
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		13,666,308
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,662,743

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 26,733,921	$ 39,534,653
Accounts receivable, less allowance for credit losses of $1,876,751 in 2022 and $1,752,058 in 2023	53,424,196	56,683,526
Prepaid expenses	4,338,503	5,078,231
Other current assets	2,150,163	4,364,120
Total current assets	86,646,783	105,660,530
Property and equipment, net	51,474,754	55,807,047
Operating lease right-of-use assets	34,767,126	38,478,756
Finance lease right-of-use assets	0	306,667
FCC licenses	393,006,900	487,249,798
Goodwill	922,000	13,265,460
Other intangibles, net	2,722,408	8,219,939
Other assets	4,727,967	5,955,158
Total assets	574,267,938	714,943,355
Current liabilities:
Accounts payable	14,299,048	19,344,621
Operating lease liabilities	8,082,981	8,166,394
Other current liabilities	25,913,827	29,183,630
Total current liabilities	48,295,856	56,694,645
Long-term debt, net of unamortized debt issuance costs	264,203,010	285,472,107
Operating lease liabilities	33,440,246	37,485,602
Deferred tax liabilities	71,894,915	98,068,981
Total liabilities	425,289,303	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	152,794,353	151,948,310
Treasury stock, Class A common stock; 3,649,568 shares in 2022; 3,737,441 shares in 2023	(29,239,179)	(29,155,300)
Retained earnings	25,042,926	100,163,064
Accumulated other comprehensive income	346,484	499,311
Total stockholders' equity	148,978,635	223,488,808
Total liabilities and stockholders' equity	574,267,938	714,943,355
Due to Related Parties [Member]
Current liabilities:
Other long-term liabilities	55,019	85,731
Nonrelated Party [Member]
Current liabilities:
Other long-term liabilities	7,400,257	13,647,481
Class A Common Stock [Member]
Stockholders' equity:
Common stock	17,389	16,761
Class B Common Stock [Member]
Stockholders' equity:
Common stock	$ 16,662	$ 16,662

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses	$ 1,752,058	$ 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	17,391,382	16,763,227
Common stock, shares outstanding	13,653,941	13,113,659
Treasury stock, Class A common stock shares	3,737,441	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

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net revenue	$ 247,109,258	$ 256,381,018
Operating expenses:
Operating expenses (including stock-based compensation of $193,738 in 2022 and $66,382 in 2023 and excluding depreciation and amortization shown separately below)	208,247,221	213,236,063
Corporate expenses (including stock-based compensation of $865,165 in 2022 and $779,993 in 2023)	18,246,731	18,001,359
Depreciation and amortization	8,809,343	9,920,546
FCC licenses impairment losses	89,214,665	23,799,383
Goodwill impairment losses	10,582,360	16,253,087
Other impairment losses	0	12,822,000
Gain on exchange	0	(3,350,539)
Extinguishment of franchise fee	(6,000,000)
Total operating expenses	329,100,320	290,681,899
Operating income (loss)	(81,991,062)	(34,300,881)
Non-operating income (expense):
Interest expense	(26,607,920)	(26,914,045)
Gain on repurchases of long-term debt	7,807,875	1,131,346
Other income, net	1,532,131	250,976
Loss before income taxes	(99,258,976)	(59,832,604)
Income tax benefit	(24,287,366)	(17,787,434)
Loss before equity in earnings of unconsolidated affiliates	(74,971,610)	(42,045,170)
Equity in earnings of unconsolidated affiliates, net of tax	(148,528)	(12,260)
Net loss	(75,120,138)	(42,057,430)
Other comprehensive gain (loss):
Unrecognized actuarial gain (loss) on postretirement plan (net of income tax expense of $542,438 in 2022 and income tax benefit of $52,260 in 2023)	(152,827)	1,545,668
Other comprehensive gain (loss):	$ (75,272,965)	$ (40,511,762)
Net loss per Class A and B common share:
Basic	$ (2.51)	$ (1.43)
Diluted	$ (2.51)	$ (1.43)
Weighted average shares outstanding:
Basic	29,893,722	29,473,989
Diluted	29,893,722	29,473,989

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Stock-based compensation	$ 846,375	$ 1,058,903
Unrecognized actuarial gains (losses) on postretirement plans, income tax benefit	52,260	542,438
Station Operating Expenses [Member]
Stock-based compensation	66,382	193,738
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 779,993	$ 865,165

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Common Stock [Member] Class A Common Stock [Member]	Common Stock [Member] Class B Common Stock [Member]	Additional Paid In Capital [Member]	Treasury Stock Common [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]
Beginning balance at Dec. 31, 2021	$ 263,082,298	$ 16,248	$ 16,662	$ 150,896,611	$ (29,021,360)	$ 142,220,494	$ (1,046,357)
Beginning Balance, shares at Dec. 31, 2021		16,249,312	16,662,743		(3,552,455)
Stock-based compensation	1,058,903	$ 513		1,058,390
Stock-based compensation, shares		513,915
Adjustment from related party acquisition	(6,691)			(6,691)
Purchase of treasury stock	(133,940)				$ (133,940)
Purchase of treasury stock, shares					(97,113)
Net loss	(42,057,430)					(42,057,430)
Other comprehensive gain (loss)	1,545,668						1,545,668
Ending balance at Dec. 31, 2022	223,488,808	$ 16,761	$ 16,662	151,948,310	$ (29,155,300)	100,163,064	499,311
Ending Balance, shares at Dec. 31, 2022		16,763,227	16,662,743		(3,649,568)
Stock-based compensation	846,375	$ 628		845,747
Stock-based compensation, shares		628,155
Adjustment from related party acquisition	296			296
Purchase of treasury stock	$ (83,879)				$ (83,879)
Purchase of treasury stock, shares	(87,873)				(87,873)
Net loss	$ (75,120,138)					(75,120,138)
Other comprehensive gain (loss)	(152,827)						(152,827)
Ending balance at Dec. 31, 2023	$ 148,978,635	$ 17,389	$ 16,662	$ 152,794,353	$ (29,239,179)	$ 25,042,926	$ 346,484
Ending Balance, shares at Dec. 31, 2023		17,391,382	16,662,743		(3,737,441)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net Income (Loss)	$ (75,120,138)	$ (42,057,430)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock-based compensation	846,375	1,058,903
Provision for credit losses	1,642,545	1,108,840
Depreciation and amortization	8,809,343	9,920,546
FCC licenses impairment losses	89,214,665	23,799,383
Goodwill impairment losses	10,582,360	16,253,087
Other impairment losses	0	12,822,000
Gain on exchange	0	(3,350,539)
Extinguishment of franchise fee	(6,000,000)
Amortization of loan fees	1,447,528	1,491,061
Gain on repurchases of long-term debt	(7,807,875)	(1,131,346)
Deferred income taxes	(25,918,433)	(18,157,845)
Equity in earnings of unconsolidated affiliates	148,528	12,260
Change in operating assets and liabilities:
Accounts receivable	1,616,785	(4,413,929)
Prepaid expenses	739,728	(1,034,175)
Other assets	2,995,740	(639,724)
Accounts payable	(5,045,573)	12,349,540
Other liabilities	(4,048,647)	3,212,130
Other operating activities	1,218,520	(95,678)
Net cash provided by (used in) operating activities	(4,678,549)	11,147,084
Cash flows from investing activities:
Payment for acquisition	0	(2,000,000)
Capital expenditures	(4,189,554)	(13,363,000)
Proceeds from dispositions	11,060,000	1,185,312
Net cash provided by (used in) investing activities	6,870,446	(14,177,688)
Cash flows from financing activities:
Repurchase of long-term debt	(14,908,750)	(8,677,500)
Reduction of finance lease liabilities	0	(1,945)
Purchase of treasury stock	(83,879)	(133,940)
Net cash used in financing activities	(14,992,629)	(8,813,385)
Net decrease in cash and cash equivalents	(12,800,732)	(11,843,989)
Cash and cash equivalents at beginning of period	39,534,653	51,378,642
Cash and cash equivalents at end of period	26,733,921	39,534,653
Cash paid for interest	25,224,653	25,564,611
Cash paid for income taxes	$ 1,402,784	$ 1,550,250

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (75,120,138)	$ (42,057,430)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Business

Nature of Business	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	(1) Nature of Business Beasley Broadcast Group, Inc. (the “Company” or “BBGI”) is a multi-platform media company, operating two reportable business segments, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates 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, and Tampa-Saint Petersburg, FL.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Principles of Consolidation The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly owned subsidiaries, including OutlawsXP, Inc. (“Outlaws”). All significant inter-company transactions and balances have been eliminated. 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 Supplemental Employee Retirement Plan ("SERP"). Actual results and outcomes may differ from management’s estimates and assumptions. Reclassifications Certain amounts previously reported in the 2022 financial statements have been reclassified to conform to the 2023 presentation. Cash and Cash Equivalents All short-term investments with an original maturity of three months or less are considered to be cash equivalents. 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: December 31, 2022 2023 Beginning balance $ 1,720,477 $ 1,876,751 Provision for credit losses 1,108,840 1,642,545 Deductions ( 952,566 ) ( 1,767,238 ) Ending balance $ 1,876,751 $ 1,752,058 Property and Equipment Property and equipment is recorded at fair value in a business combination or otherwise at cost and depreciated using the straight-line method over the estimated useful life of the asset. If an event or change in circumstances were to indicate that the carrying amount of property and equipment is not recoverable, the carrying amount will be reduced to the estimated fair value. Repairs and maintenance are charged to expense as incurred. FCC Licenses FCC licenses, including translator licenses, are generally granted for renewable terms of eight years . Renewal costs are generally minor and expensed as incurred. Licenses are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s licenses might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that its licenses are impaired. If the Company determines it is more likely than not that its licenses are impaired, then the Company is required to perform the quantitative impairment test. The quantitative impairment test compares the fair value of the Company’s licenses with their carrying amounts. If the carrying amounts of the licenses exceed their fair value, an impairment loss is recognized in an amount equal to that excess. For the purpose of testing its licenses for impairment, the Company combines its licenses into reporting units based on its market clusters. See Note 5 for changes in the carrying amount of FCC licenses for the years ended December 31, 2022 and 2023 . The weighted-average period before the next renewal of the Company’s FCC licenses is 5.0 years. Goodwill Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s goodwill might be impaired. The Company assesses qualitative factors to determine whether it is necessary to perform a quantitative assessment for each reporting unit. If the quantitative assessment is necessary, the Company will determine the fair value of each reporting unit. If the fair value of any reporting unit is less than the carrying amount, the Company will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The loss recognized will not exceed the total amount of goodwill allocated to the reporting unit. For the purpose of testing its goodwill for impairment, the Company has identified its market clusters, digital, and esports as its reporting units. See Note 6 for changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2023 . Other Intangibles Other intangibles include advertiser relationships, franchise rights and a trade name with finite lives that are amortized over their respective estimated useful lives. If an event or change in circumstances were to indicate that the carrying amount of any other intangibles is not recoverable, the carrying amount will be reduced to the estimated fair value. Other intangibles also includes brands with indefinite lives that are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s brands might be impaired. For the purpose of testing its other intangibles for impairment, the Company has identified its market clusters, digital, and esports as its reporting units. See Note 7 for changes in the carrying amount of other intangibles for the years ended December 31, 2022 and 2023 . Investments Other assets include an investment in Quu, Inc. (“Quu”). The Company is considered to have the ability to exercise significant influence over the operating and financial policies of Quu. Therefore, the investment in Quu is accounted for using the equity method. The Company will recognize its share of the earnings of Quu in the periods for which it is reported. Any loss in value of the investment that is other than a temporary decline will be recognized. Other assets also include a noncontrolling interest in AUDIOis, which does not have a readily determinable fair value, and therefore, is recorded at cost less impairment. The Company evaluates the investments on a quarterly basis to identify impairment. When the evaluation indicates that an impairment exists, the Company will estimate the fair value of the investment and recognize an impairment loss equal to the difference between the fair value and the carrying amount of the investment. The carrying amount of the investment in QUU was $ 2.0 million and $ 1.8 million as of December 31, 2022 and 2023 , respectively. Debt Issuance Costs Debt issuance costs are capitalized and amortized over the life of the related debt as interest expense on a straight-line basis which approximates the effective interest method. Unamortized debt issuance costs are reported as a direct deduction from the carrying amount of the related debt. Leases The Company determines whether a contract is or contains a lease at inception. The term for each lease agreement begins on the commencement date and includes the noncancelable period specified in the agreement together with: (1) the periods covered by options to extend the lease if the Company is reasonably certain to exercise that option, (2) the periods covered by an option to terminate if the Company is reasonably certain not to exercise that option and (3) the period covered by an option to extend (or not terminate) if controlled by the lessor. The lease liabilities and the related right-of use assets are calculated based on the present value of the lease payments using (1) the rate implicit in the lease or (2) the lessee’s incremental borrowing rate (“IBR”). IBR is defined as the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Supplemental Employee Retirement Plan The costs and liabilities of the SERP are determined using actuarial valuations. An actuarial valuation involves making various assumptions that include the discount rate and mortality rates. The discount rate is based on matching the cash flows of the SERP to the FTSE Pension Discount Curve. The mortality assumptions are based on the mortality tables and mortality improvement scales that are selected based on the most recent study of the Society of Actuaries. The SERP is frozen so future employment does not change the benefit amounts. Actual results will differ from results which are estimated based on assumptions. Treasury Stock Treasury stock is accounted for using the cost method whereby the entire cost of the acquired stock is recorded as treasury stock. Stock-Based Compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost is recognized in earnings over the period during which an employee is required to provide service. No compensation cost is recognized for equity instruments for which employees do not render the requisite services. Income Taxes The Company recorded income taxes under the liability method. Deferred tax assets and liabilities are recognized for all temporary differences between tax and financial reporting bases of the Company’s assets and liabilities using enacted tax rates applicable to the periods in which the differences are expected to affect taxable income. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense. Comprehensive Loss Comprehensive loss consists of net loss and other gains and losses affecting equity that, under accounting principles generally accepted in the United States of America, are excluded from net loss, including unrecognized net actuarial gains and losses related to the SERP. Loss per Share Basic net loss per share is computed by dividing net loss attributable to common stockholders of the Company by the weighted average number of common shares outstanding for the period. Common shares outstanding include shares of both Class A and Class B common stock, which have equal rights and privileges except with respect to voting. Diluted net loss per share reflects the potential dilution that could occur if restricted stock units or other contracts to issue common stock were exercised or converted into common stock and were not anti-dilutive. When reporting a net loss, the effect of restrictive stock units is excluded under the treasury stock method as the addition of shares would be anti-dilutive. Concentrations of Risk Certain cash deposits with financial institutions may, at times, exceed FDIC insurance limits. The stations located in Boston, MA, Detroit, MI, and Philadelphia, PA collectively contributed 58 % of the Company’s net revenue in 2023 . The stations located in Boston, MA, Detroit, MI, and Philadelphia, PA collectively contributed 58 % of the Company’s net revenue in 2022 . Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s own assumptions based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs used to measure fair value into three broad levels. The three levels of the fair value hierarchy are defined as follows: Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities as of the reporting date. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, as of the reporting date. Level 3 – Unobservable inputs for the asset or liability that reflect management’s own assumptions about the assumptions that market participants would use in pricing the asset or liability as of the reporting date. Sports Programming Costs Sports programming rights for a specified season are amortized on a straight-line basis over the season. Other payments are expensed when the additional contract elements, such as post-season games, are broadcast. Segments The Company currently operates two operating and reportable segments (Audio and Digital). The Company also operated an esports segment in 2022 and from January 1, 2023 to December 13, 2023. 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). Operating results are reported to the Chief Operating Decision Maker on a statement of operations, which includes net revenue, operating expenses, impairment losses, gains and losses on dispositions and depreciation and amortization. Corporate expenses include general and administrative expenses and certain other income and expense items not allocated to the operating segments. Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance which requires additional disclosures for the Company's reportable segments, primarily related to significant segment expenses. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within the fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. The Company is currently in the process of reviewing the new guidance. In June 2016, the 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 consolidated financial statements.

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2023
Business Combinations [Abstract]
Acquisitions and Dispositions	(3) Acquisitions and Dispositions On December 13, 2 023, the Company completed the termination of its esports operations. The Company received a $ 6.0 million termination payment from the esports league in the fourth quarter of 2023. The Company no longer has esports operations after completion of the termination. However, management determined that the termination did not represent a strategic shift that would have significant effect on the Company's operations and financial results; therefore, the esports operations have not been reported as discontinued operations. The Company recorded a loss on termina tion of $ 0.3 million d uring the fourth quarter of 2023. The loss on termination is summarized as follows: Termination payment $ 6,000,000 Goodwill (see Note 6) ( 1,761,100 ) Other intangibles (see Note 7) ( 4,529,447 ) Loss on termination $ ( 290,547 ) In addition, the remaining $ 6.0 million franchise fee payable to the esports league was forgiven by the esports league and is reported in the accompanying consolidated statement of comprehensive loss for the year ended December 31, 2023. On October 5, 2023, the Company completed the sale of substantially all of the assets used in the operation of WJBR-FM in Wilmington, DE to a third party for $ 5.0 million in cash. During the second quarter of 2023, due to the potential sale of these assets, the Company recorded and impairment loss of $ 10.0 million related to the FCC license. The Company no longer has operations in the Wilmington, DE market after completion of the disposition. However, management determined that the disposition did not represent a strategic shift that would have significant effect on the Company's operations and financial results; therefore, the operations in the Wilmington, DE market have not been reported as discontinued operations. The Company recorded a gain on disposition of approximately $ 18,000 during the fourth quarter of 2023. On September 11, 2023, the Company completed the sale of substantially all of the assets used in the operations of WWWE-AM in Atlanta, GA to a third party for $ 250,000 in cash. On December 22, 2022, the Company completed an asset exchange with Audacy Nevada, LLC and Beasley Media Group, LLC under which the Company agreed to exchange all of the assets used or useful in the operations of KDWN-AM in Las Vegas, NV for all of the assets used or useful in the operations of KXTE-FM in Las Vegas, NV. On September 29, 2022, the Company also entered into a local marketing agreement (“LMA”) with Audacy Nevada, LLC and began operating KXTE-FM on November 14, 2022. The LMA ended on December 22, 2022. The assets received from the exchange did not meet the definition of a business under ASC 805. The exchange was accounted for in accordance with ASC 610-20, which resulted in the Company recognizing a gain for the difference between the fair value of the assets received and the carrying amount of the assets given. The fair value of the assets received in the asset exchange was $ 5.8 million. The Company recorded a gain on exchange of $ 3.4 million. The asset allocation is summarized as follows: Property and equipment $ 302,336 FCC license 5,451,000 Fair value of assets received 5,753,336 Carrying amount of assets of exchanged station ( 2,402,797 ) Gain on exchange $ 3,350,539 The fair value of the property and equipment was estimated using cost and market approaches. Property and equipment for which there are comparable current replacements available were valued on the basis of a cost approach. The cost approach allowed for factors such as physical depreciation as well as functional and economic obsolescence. Property and equipment for which an active used market exists, including property for which there is no longer comparable current replacements available but for which there remains an active used market, were valued using a market approach. The market approach is based on the selling prices of similar assets on the used market. As few sales reflect identical assets, the selling prices of similar assets was utilized with adjustments made for any differences such as age, condition, and options. If different assumptions or estimates had been used in the cost and market approaches, the fair value of the property and equipment could have been materially different. The fair value of the FCC license was estimated using an income approach. The income approach measures the expected economic benefits the licenses provide and discounts these future benefits using discounted cash flow analyses. The discounted cash flow analyses assume that each license is held by a hypothetical start-up station and the value yielded by the discounted cash flow analyses represents the portion of the station’s value attributable solely to its license. The discounted cash flow model incorporates variables such as market revenues; the projected growth rate for market revenues; projected market revenue share; projected station operating income margins; and a discount rate appropriate for the radio broadcasting industry. The variables used in the analyses reflect historical station and market growth trends, as well as anticipated station performance, industry standards, and market conditions. The discounted cash flow projection period of ten years was determined to be an appropriate time horizon for the analyses. Stable market revenue share and operating margins are expected at the end of year three (maturity). If different assumptions or estimates had been used in the income approach, the fair value of the FCC licenses could have been materially different. If actual results are different from assumptions or estimates used in the discounted cash flow analyses, the Company may incur impairment losses in the future and they may be material. The key assumptions used in the valuation of the FCC license are as follows: Revenue growth rates 0.3 % - 1.5 % Market revenue shares at maturity 5.2 % Operating income margins at maturity 23.3 % Discount rate 9.5 % 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 broadened the Company’s digital revenue base across the U.S. The acquisition was accounted for as a business combination. The final purchase price allocation was completed during the third quarter of 2022. The final 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 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.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	(4) Property and Equipment Property and equipment is comprised of the following: December 31, Estimated 2022 2023 (years) Land $ 13,342,547 $ 13,322,390 — Buildings and improvements 39,350,594 37,255,078 15 - 30 Broadcast equipment 32,663,190 34,781,546 5 - 15 Transportation equipment 2,304,018 2,265,706 5 Office equipment 9,871,341 9,629,737 5 - 10 Construction in progress 649,321 430,175 — 98,181,011 97,684,632 Less accumulated depreciation and amortization ( 42,373,964 ) ( 46,209,878 ) $ 55,807,047 $ 51,474,754 The Company recorded depreciation expense of $ 6.9 million and $ 7.8 million for the years ended December 31, 2022 and 2023 , respectively.

FCC Licenses

FCC Licenses	12 Months Ended
	Dec. 31, 2023
Text Block [Abstract]
FCC Licenses	(5) FCC Licenses Changes in the carrying amount of FCC licenses for the years ended December 31, 2022 and 2023 are as follows: Balance as of January 1, 2022 $ 508,413,913 Asset exchange acquisition (see Note 3) 5,451,000 Asset exchange disposition (see Note 3) ( 2,025,500 ) Disposition (see Note 3) ( 790,232 ) Impairment losses (see below and also Note 3) ( 23,799,383 ) Balance as of December 31, 2022 487,249,798 Dispositions (see Note 3) ( 5,028,233 ) Impairment losses (see below and also Note 3) ( 89,214,665 ) Balance as of December 31, 2023 $ 393,006,900 FCC licenses are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the FCC licenses might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that its FCC licenses are impaired. If the Company determines it is more likely than not that its FCC licenses are impaired, then the Company is required to perform the quantitative impairment test. The quantitative impairment test compares the fair value of the FCC licenses with the carrying amounts of such licenses. If the carrying amounts of the FCC licenses exceed the fair value, an impairment loss is recognized in an amount equal to that excess. For the purpose of testing FCC licenses for impairment, the Company combines its licenses into reporting units based on its market clusters. The FCC license valuations are Level 3 non-recurring fair value measurements. Due to an increase in interest rates in the U.S. economy and a decrease in projected revenues, the Company tested its FCC licenses for impairment during the third quarter of 2023. As a result of the quantitative impairment test performed as of September 30, 2023, the Company recorded impairment losses of $ 78.2 million related to the FCC licenses in each of its market clusters. The impairment losses were primarily due to an increase in the discount rate due to certain risks associated with the U.S. economy and a decrease in the projected revenues in each market cluster used in the discounted cash flow analyses to estimate the fair value of the Company's FCC licenses. The fair values of the FCC licenses were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected audio market revenues, projected growth rate for audio market revenues, projected audio market revenue shares, projected audio station operating income margins, and a discount rate appropriate for the audio industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.2 )% - 1.8 % Market revenue shares at maturity 0.4 % - 44.7 % Operating income margins at maturity 19.7 % - 30.4 % Discount rate 10.0 % The Company performed the annual quantitative impairment test for its FCC licenses in all markets during the fourth quarter of 2023. As a result of the quantitative impairment test performed as of November 30, 2023, the Company recorded impairment losses of $ 1.0 million related to the FCC licenses in its Augusta, GA, Fort Myers-Naples, FL, and Middlesex-Monmouth-Morristown, NJ market clusters. The impairment losses were primarily due to a decrease in projected revenue in these markets. The fair values of the FCC licenses were estimated using an income approach. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 16.5 )% - 24.4 % Market revenue shares at maturity 0.4 % - 45.5 % Operating income margins at maturity 19.7 % - 29.9 % Discount rate 10.0 % 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 tests 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 were estimated using an income approach. 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 % Interest rates in the U.S. economy continued to increase during the third quarter of 2022; however, there were no changes to the discount rate or any other items used in the discounted cash flow analyses to estimate the fair value of the FCC licenses. Therefore, the Company did not record any impairment losses related to FCC licenses during the third quarter of 2022. The Company performed the annual quantitative impairment test for its FCC licenses in all markets during the fourth quarter of 2022. As a result of the quantitative impairment test performed as of November 30, 2022, the Company recorded impairment losses of $ 19.2 million related to the FCC licenses in its Boston, MA, Charlotte, NC, Fort Myers-Naples, FL, Middlesex-Monmouth-Morristown, NJ, and Wilmington, DE market clusters. The impairment losses were primarily due to a decrease in projected revenue in these markets. The fair values of the FCC licenses were estimated using an income approach. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.3 % - 2.7 % Market revenue shares at maturity 0.7 % - 44.7 % Operating income margins at maturity 19.7 % - 30.4 % Discount rate 9.5 %

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(6) Goodwill Changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2023 are as follows: Balance as of January 1, 2022 $ 28,596,547 Acquisition (see Note 3) 922,000 Impairment losses ( 16,253,087 ) Balance as of December 31, 2022 13,265,460 Disposition (see Note 3) ( 1,761,100 ) Impairment losses ( 10,582,360 ) Balance as of December 31, 2023 $ 922,000 Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s goodwill might be impaired. The Company assesses qualitative factors to determine whether it is necessary to perform a quantitative assessment for each reporting unit. If the quantitative assessment is necessary, the Company will determine the fair value of each reporting unit. If the fair value of any reporting unit is less than the carrying amount, the Company will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The loss recognized will not exceed the total amount of goodwill allocated to the reporting unit. For the purpose of testing goodwill for impairment, the Company has identified its audio market clusters and esports as its reporting units. The goodwill valuations are Level 3 non-recurring fair value measurements. Due to an increase in interest rates in the U.S. economy and a decrease in projected revenues, the Company tested its goodwill for impairment during the third quarter of 2023. As a result of the quantitative impairment test performed as of September 30, 2023, the Company recorded an impairment loss of $ 10.6 million related to the goodwill in its Philadelphia, PA market cluster. The impairment loss was primarily due to an increase in the discount rate due to certain risks associated with the U.S. economy and a decrease in the projected revenues used in the discounted cash flow analysis to estimate the fair value of our goodwill. The fair value of the goodwill in the Philadelphia, PA market cluster was estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected audio market revenues, projected growth rate for audio market revenues, projected audio market revenue shares, projected audio station operating income margins, and a discount rate appropriate for the audio industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 9.3 )% - 1.4 % Operating income margin 27.9 % Discount rate 10.0 % 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 the goodwill was estimated using an income approach. 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 % Interest rates in the U.S. economy continued to increase during the third quarter of 2022; however, there were no changes to the discount rate or any other items used in the discounted cash flow analyses to estimate the fair value of goodwill. Therefore, the Company did not record any impairment losses related to goodwill during the third quarter of 2022. The Company performed the annual quantitative impairment test for its goodwill in all markets during the fourth quarter of 2022. As a result of the quantitative impairment test, the Company recorded an impairment loss of $ 8.9 million related to the goodwill in its Boston, MA market cluster. The impairment loss was primarily due to a decrease in projected revenue in Boston. The fair value of its goodwill was estimated using an income approach. The key assumptions used in the discounted cash flow analysis are as follows: Revenue growth rates 0.5 % - 11.4 % Operating income margin 13.1 % Discount rate 9.5 % In addition, as a result of a quantitative impairment test in the esports segment, the Company recorded an impairment loss of $ 1.5 million related to the goodwill in the esports segment during the fourth quarter of 2022. The impairment loss was primarily due to a decrease in projected revenue in the esports segment.

Other Intangibles

Other Intangibles	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangibles	(7) Other Intangibles Other intangibles as of December 31, 2023 are comprised of the following: Asset Accumulated Net Amortization Advertiser relationships $ 2,029,000 $ ( 864,129 ) $ 1,164,871 6 - 11 Trade name 510,000 ( 96,950 ) 413,050 8 2,539,000 ( 961,079 ) 1,577,921 Brands 1,115,663 — 1,115,663 Other intangibles with indefinite lives 28,824 — 28,824 $ 3,683,487 $ ( 961,079 ) $ 2,722,408 Other intangibles as of December 31, 2022 are comprised of the following: Asset Accumulated Net Amortization Advertiser relationships $ 2,029,000 $ ( 636,869 ) $ 1,392,131 6 - 11 Franchise rights 4,739,523 — 4,739,523 10 Trade name 510,000 ( 33,202 ) 476,798 8 7,278,523 ( 670,071 ) 6,608,452 Brands 1,582,663 — 1,582,663 Other intangibles with indefinite lives 28,824 — 28,824 $ 8,890,010 $ ( 670,071 ) $ 8,219,939 If an event or change in circumstances were to indicate that the carrying amount of any other intangibles is not recoverable, the carrying amount will be reduced to the estimated fair value. For the purpose of testing its other intangibles for impairment, the Company has identified its market clusters, digital, and esports as its reporting units. During the fourth quarter of 2022, the Company received information related to the franchise rights in the esports segment, and based on that information the Company concluded that the carrying amount of the franchise rights was not fully recoverable. Therefore, the Company performed a quantitative impairment test for its franchise rights as of December 31, 2022. As a result of the test, the Company recorded an impairment loss of $ 12.8 million. The fair values of the franchise rights were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected revenue, projected growth rate for revenue, projected operating income margins, and a discount rate appropriate for the esports industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rate(s) 3.0 % - 25.0 % Operating income margin(s) ( 22.3 )% - 43.5 % Discount rate 20.0 % The Company recorded amortization expense of $ 2.7 million and $ 1.0 million for the years ended December 31, 2022 and 2023, respectively. Estimated future amortization expense related to intangible assets subject to amortization for the next five years and thereafter is as follows: 2024 $ 291,008 2025 291,008 2026 291,008 2027 291,008 2028 241,954 Thereafter 171,935 Total $ 1,577,921

Other Current Liabilities

Other Current Liabilities	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	(8) Other Current Liabilities Other current liabilities are comprised of the following: December 31, 2022 2023 Accrued interest $ 10,448,469 $ 10,100,833 Accrued payroll expenses 5,121,950 4,906,900 Deferred revenue 4,696,989 4,835,984 Accrued digital expenses 3,028,440 3,284,767 Other accrued expenses 5,887,782 2,785,343 $ 29,183,630 $ 25,913,827

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	(9) Long-Term Debt Long-term debt is comprised of the following: December 31, December 31, 2022 2023 Secured notes $ 290,000,000 $ 267,000,000 Less unamortized debt issuance costs ( 4,527,893 ) ( 2,796,990 ) $ 285,472,107 $ 264,203,010 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 Company used the net proceeds from the Notes, to refinance in full our previously outstanding credit facility, to repay a previously outstanding promissory note and loan from George Beasley and to pay related accrued interest, fees and expenses. 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 fourth quarter of 2023, the Company repurchased $ 20.0 million aggregate principal amount of the Notes for an aggregate price equal to 65 % of the principal amount and recorded an aggregate gain of $ 6.8 million as a result of the repurchases. 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 third quarter of 2022, the Company repurchased $ 5.0 million aggregate principal amount of the Notes for an aggregate price equal to 77 % of the principal amount and recorded an aggregate gain of $ 1.0 million as a result of the repurchases. 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.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	(10) Leases The Company leases office space, towers and office equipment. Discount rates are based on the Company’s incremental borrowing rate due to the rate implicit in the leases being not readily determinable. The Company used the current borrowing rate on its credit facility, adjusted for the effects of collateralization, to determine the various rates it would pay to finance similar transactions over similar time periods. The following table summarizes lease information: Year ended December 31, 2022 2023 Lease cost Operating lease cost $ 11,974,079 $ 11,565,713 Short-term lease cost 29,880 30,620 Total lease cost $ 12,003,959 $ 11,596,333 Other information Operating cash flows from operating leases $ 11,665,909 $ 12,182,522 Right-of-use assets obtained in exchange for new operating lease 13,383,043 4,561,161 December 31, Weighted-average remaining lease term – operating leases 6.8 Weighted-average discount rate – operating leases 9.1 % As of December 31, 2023, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows: 2024 $ 11,260,982 2025 10,483,998 2026 8,070,642 2027 6,555,452 2028 5,015,972 Thereafter 16,098,110 Total lease payments 57,485,156 Less imputed interest ( 15,961,929 ) Present value of lease liabilities $ 41,523,227

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Postemployment Benefits [Abstract]
Employee Benefit Plans	(11) Employee Benefit Plans Defined Contribution Plan The Company has a defined contribution plan that conforms to Section 401(k) of the Internal Revenue Code. Under this plan, employees may contribute a minimum of 1 % of their compensation (no maximum) to the Plan. However, the Internal Revenue Code limited contributions to $ 20,500 and $ 22,500 (or $ 27,000 and $ 30,000 if aged 50 years or older) in 2022 and 2023 , respectively. No employer matching contributions were made to the defined contribution plan in 2022 and 2023. Supplemental Employee Retirement Plan The benefit obligations related to the frozen SERP of $ 8.0 million are reported in other long-term liabilities, of which $ 0.6 million was reclassified to other current liabilities, in the consolidated balance sheets as of December 31, 2022 and 2023 . The Company contributed $ 0.5 million to the SERP in both 2022 and 2023. The SERP is summarized as follows: Year ended December 31, 2022 2023 Change in Projected Benefit Obligation Benefit obligation at beginning of year $ 10,187,817 $ 7,958,072 Interest cost 250,240 379,126 Actuarial (gain) loss ( 1,990,024 ) 205,087 Benefits paid ( 489,961 ) ( 535,450 ) Benefit obligation at end of year $ 7,958,072 $ 8,006,835 Change in Plan Assets Fair value of plan assets at beginning of year $ — $ — Employer contribution 489,961 535,450 Benefits paid ( 489,961 ) ( 535,450 ) Fair value of plan assets at end of year $ — $ — Funded status $ ( 7,958,072 ) $ ( 8,006,835 ) Unrecognized net actuarial loss ( 669,250 ) ( 464,163 ) Cumulative employer contributions in excess of the net periodic pension cost $ ( 8,627,322 ) $ ( 8,470,998 ) Amounts Recognized in the Statement of Financial Position Current liabilities $ ( 562,238 ) $ ( 606,578 ) Noncurrent liabilities ( 7,395,834 ) ( 7,400,257 ) Net amount recognized $ ( 7,958,072 ) $ ( 8,006,835 ) Amounts Recognized in Accumulated Other Comprehensive Income Net actuarial (gain) loss $ ( 669,250 ) $ ( 464,163 ) Total (before tax effects) $ ( 669,250 ) $ ( 464,163 ) Information for Pension Plans about Benefit Obligation and Plan Assets Projected benefit obligation $ 7,958,072 $ 8,006,835 Accumulated benefit obligation $ 7,958,072 $ 8,006,835 Weighted-Average Assumptions for Disclosure Discount rate 4.90 % 4.70 % Mortality table Pri-2012 WC Pri-2012 WC Mortality improvement scale MP-2021 MP-2021 Net Periodic Benefit Cost Interest cost $ 250,240 $ 379,126 Recognized net actuarial (gain) loss 98,082 — Net periodic benefit cost $ 348,322 $ 379,126 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income Net actuarial (gain) loss $ ( 1,990,024 ) $ 205,087 Recognized net actuarial (gain) loss ( 98,082 ) — Total recognized in other comprehensive income (before tax effects) $ ( 2,088,106 ) $ 205,087 Total recognized in net cost and other comprehensive income (before tax effects) $ ( 1,739,784 ) $ 584,213 Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year (Gain) loss recognition $ — $ — Prior service cost recognition $ — $ — Net initial obligation (asset) recognition $ — $ — Weighted-average assumptions used to determine Net Periodic Benefit Cost Discount rate 2.50 % 4.90 % Corridor 10.00 % 10.00 % Average future working lifetime 4.99 4.52 Mortality table Pri-2012 WC Pri-2012 WC Mortality improvement scale MP-2021 MP-2021 Estimated Future Benefit Payments 2024 $ 606,578 2025 $ 628,455 2026 $ 628,088 2027 $ 619,658 2028 $ 619,012 2029-2033 $ 2,982,667 Contributions Estimated contributions for 2024 $ 606,578

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Stockholders' Equity	(12) Stockholders’ Equity The Company has two classes of common stock: Class A common stock and Class B common stock. In the election of directors, the holders of Class A common stock are entitled by class vote, exclusive of other stockholders, to elect two of the Company’s directors, with each Class A share being entitled to one vote. In the election of the other six directors and all other matters submitted to the stockholders for a vote, the holders of Class A shares and Class B shares shall vote as a single class, with each Class A share being entitled to one vote and each Class B share entitled to ten votes. From time to time, the Company repurchases sufficient shares of its common stock to fund withholding taxes in connection with the vesting of restricted stock units. The Company pa id $ 0.1 million to repurchase 87,873 shar es in 2023. The board of directors has suspended future quarterly dividend payments until it is determined that resumption of dividend payments is in the best interest of the Company’s stockholders. In addition, the Indenture governing the Notes limits the ability of the Company to pay dividends.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	(13) Revenue Revenue is comprised of the following: Year ended December 31, 2022 2023 Audio $ 213,036,307 $ 199,481,868 Digital 40,755,164 45,417,296 Other 2,589,547 2,210,094 $ 256,381,018 $ 247,109,258 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 sheet. Substantially all deferred revenue is recognized within twelve months of the payment date. December 31, December 31, 2022 2023 Deferred revenue $ 4,696,989 $ 4,835,984 Audio revenue includes revenue from the sale or trade of aired commercial spots to advertisers directly or through national, regional or local 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, December 31, 2022 2023 Trade sales receivable $ 1,564,054 $ 1,417,692 Trade sales payable 806,162 481,471 Year ended December 31, 2022 2023 Trade sales revenue $ 5,862,351 $ 5,963,305 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. The Company assesses each digital order to determine if the Company is operating as the principal or an agent. The Company currently operates as the principal for digital revenue.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(14) 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 January 1, 2022 940,834 $ 2.77 Granted 778,857 1.35 Vested ( 513,915 ) 2.51 Forfeited ( 120,958 ) 2.32 Unvested as of December 31, 2022 1,084,818 1.87 Granted 475,520 0.80 Vested ( 628,155 ) 1.60 Forfeited ( 158,849 ) 1.02 Unvested as of December 31, 2023 773,334 $ 1.54 As of December 31, 2023 , there was $ 0.7 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	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	(15) Income Taxes Income tax benefit is as follows: Year ended December 31, 2022 2023 Current: Federal $ 265,813 $ 1,498,219 State 104,598 132,848 370,411 1,631,067 Deferred: Federal ( 10,074,570 ) ( 20,442,502 ) State ( 8,083,275 ) ( 5,475,931 ) ( 18,157,845 ) ( 25,918,433 ) $ ( 17,787,434 ) $ ( 24,287,366 ) Income tax benefit differs from the amounts that would result from applying the federal statutory rate of 21 % to the Company’s loss before taxes as follows: Year ended December 31, 2022 2023 Expected tax benefit $ ( 12,564,847 ) $ ( 20,844,385 ) State income taxes, net of federal benefit ( 2,618,634 ) ( 4,320,644 ) Tax rate adjustments ( 3,687,539 ) ( 112,968 ) Change in valuation allowance ( 5,121 ) ( 3,742 ) Non-deductible items 884,241 728,641 Other 204,466 265,732 $ ( 17,787,434 ) $ ( 24,287,366 ) Temporary differences that give rise to the components of deferred tax assets and liabilities are as follows: December 31, 2022 2023 Deferred tax assets: Allowance for credit losses $ 476,552 $ 444,198 Other assets 327,689 1,515,891 Operating lease liabilities 919,745 876,923 Other long-term liabilities 2,084,645 2,029,965 Stock-based compensation 156,677 116,052 Interest expense limitation 10,006,855 14,663,404 Net operating losses 2,215,118 1,100,232 Subtotal 16,187,281 20,746,665 Valuation allowance ( 299,922 ) ( 296,180 ) Total 15,887,359 20,450,485 Deferred tax liabilities: Prepaid expenses ( 143,287 ) ( 167,592 ) Property and equipment ( 5,834,727 ) ( 5,309,534 ) Intangibles ( 107,978,326 ) ( 86,868,274 ) Total ( 113,956,340 ) ( 92,345,400 ) Net deferred tax liabilities $ ( 98,068,981 ) $ ( 71,894,915 ) As of December 31, 2023 , the Company has state net operating losses of $ 20.0 million. The valuation allowance relates to unrealized losses on investments which management has determined, more likely than not, that such losses will not be utilized. As of December 31, 2022 and 2023 , the Company does not have any material unrecognized tax benefits and accordingly, has not recorded any interest or penalties related to unrecognized tax benefits. The Company and its subsidiaries file a consolidated federal income tax return and various state returns. These returns remain subject to examination by taxing authorities for all years after 2019.

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Loss per share	(16) Loss Per Share Net loss per share calculation information is as follows: Year ended December 31, 2022 2023 Net loss $ ( 42,057,430 ) $ ( 75,120,138 ) Weighted-average shares outstanding: Basic 29,473,989 29,893,722 Effect of dilutive restricted stock units — — Diluted 29,473,989 29,893,722 Net loss per Class A and Class B common share – basic and diluted $ ( 1.43 ) $ ( 2.51 ) The Company excluded the effect of restrictive stock units under the treasury stock method when reporting a net loss as the addition of shares was anti-dilutive. The number of shares excluded was 140,170 and 85,800 for the years ended December 31, 2022 and 2023 , respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	(17) Related Party Transactions The Company leases certain office space and towers from related parties as described below. As a result, the Company has recorded operating lease right-of-use assets of $ 3.9 million and $ 4.6 million for the years ended December 31, 2022 and 2023 , respectively and operating lease liabilities of $ 4.2 million and $ 4.9 million for the years ended December 31, 2022 and 2023. The operating lease right-of-use assets and operating lease liabilities for the related party leases are reported in the accompanying consolidated balance sheets for the years ended December 31, 2022 and 2023. Beasley Broadcasting Management, LLC The Company leases its principal executive offices in Naples, FL from Beasley Broadcasting Management, LLC, which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family. The lease agreement expires on December 31, 2031 . Rental expense was $ 0.3 million for each of the years ended December 31, 2022 and 2023. Beasley Family Properties, LLC The Company leases office space for its stations in Fort Myers, FL from Beasley Family Properties, LLC, which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley, and other members of the Beasley family. The lease agreement expires on August 31, 2024 . Rental expense was $ 0.2 million for each of the years ended December 31, 2022 and 2023. Beasley Family Towers, LLC The Company leased towers for 19 stations in various markets from Beasley Family Towers, LLC (“BFT”), which is partially held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family and partially owned directly by Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family. During the fourth quarter of 2023, BFT sold 18 of the towers to an unrelated third party. As a result, the leases are no longer considered related party transactions. The remaining lease agreement for the tower that is still owned by BFT expires on January 31, 2026 . Rental expense was $ 0.8 million for each of the years ended December 31, 2022 and 2023. The Company leases office space for its stations in Fayetteville, NC from BFT. The lease agreement expires on August 31, 2030 . Rental expense was $ 0.1 million for each of the years ended December 31, 2022 and 2023. GGB Augusta, LLC The Company leases land for its stations in Augusta, GA from GGB Augusta, LLC, which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family. The lease agreement expires on October 31, 2028 . Rental expense was approximately $ 48,000 and $ 52,000 for the years ended December 31, 2022 and 2023, respectively. GGB Las Vegas, LLC The Company leases office space for its stations in Las Vegas, NV from GGB Las Vegas, LLC, which is controlled by members of the Beasley family. The lease agreement expires on December 31, 2028 . Rental expense was $ 0.2 million for each of the years ended December 31, 2022 and 2023. Wintersrun Communications, LLC The Company leased a tower for one station in Charlotte, NC from Wintersrun Communications, LLC ("Wintersrun"), which is partially held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family and partially owned directly by Bruce G. Beasley and Brian E. Beasley. During the fourth quarter of 2023, Wintersrun sold the tower to an unrelated third party. As a result, the lease is no longer considered a related party transaction. Rental expense was $ 0.1 million for each of the years ended December 31, 2022 and 2023. The Company leases a tower for one station in Augusta, GA from Wintersrun. The lease agreement expires on October 15, 2025 . Rental expense was approximately $ 31,000 for each of the years ended December 31, 2022 and 2023. Quu, Inc. The Company currently holds an investment in Quu, Inc. ("Quu"), a company that provides the Company with access to an application for digital revenue. Payments to Quu for access to the application were $ 0.4 million for each of the years ended December 31, 2022 and 2023. Loan to Interactive Life, Inc. In May 2022, the Company provided a $ 250,000 loan to Interactive Life, Inc. that accrues interest at 8.625 % per annum with no cash payments due until the loan’s maturity in May 2024 . Interactive Life, Inc. is controlled by Mr. Joseph Harb. The Company currently holds an investment in Quu, a company that is controlled by Mr. Harb. Repayment of the loan to Interactive Life, Inc. is guaranteed by Mr. Harb with 3,333,334 shares of Class A common stock of Quu, Inc.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(18) Commitments and Contingencies The Company has various commitments for rating services and on-air programming including sports broadcast rights for the Boston Bruins, Boston Celtics, and New England Patriots. As of December 31, 2023, future minimum payments for the next five years and thereafter are summarized as follows: 2024 $ 25,393,981 2025 25,460,934 2026 8,328,829 2027 7,616,667 2028 7,418,334 Thereafter 14,075,000 Total $ 88,293,745 In the normal course of business, the Company is party to various legal matters. The ultimate disposition of these matters will not, in management’s judgment, have a material adverse effect on the Company’s financial position.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2023
Investments, All Other Investments [Abstract]
Financial Instruments	(19) 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 Company’s Notes, based on available market information, was $ 174.0 million a nd $ 173.2 m illion as of December 31, 2022 and 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	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Information	(20) Segment Information The Company currently operates two operating and reportable segments (Audio and Digital). The Company also operated an esports segment in 2022 and from January 1, 2023 to December 13, 2023. 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, and Tampa-Saint Petersburg, FL. 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 expenses 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 consolidated statements of comprehensive loss. Reportable segment information for the year ended December 31, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 199,481,868 $ 45,417,296 $ 2,210,094 $ — $ 247,109,258 Operating expenses 163,608,414 40,844,592 3,794,215 — 208,247,221 Corporate expenses — — — 18,246,731 18,246,731 Depreciation and amortization 7,013,118 188,790 770,029 837,406 8,809,343 Impairment losses 99,797,025 — — — 99,797,025 Extinguishment of franchise fee — — ( 6,000,000 ) — ( 6,000,000 ) Operating income (loss) $ ( 70,936,689 ) $ 4,383,914 $ 3,645,850 $ ( 19,084,137 ) $ ( 81,991,062 ) Audio Digital Other Corporate Total Capital expenditures $ 3,901,609 $ 13,184 $ 25,534 $ 249,227 $ 4,189,554 Reportable segment information for the year ended December 31, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 213,036,307 $ 40,755,164 $ 2,589,547 $ — $ 256,381,018 Operating expenses 173,011,492 36,398,687 3,825,884 — 213,236,063 Corporate expenses — — — 18,001,359 18,001,359 Depreciation and amortization 6,277,953 102,402 2,772,489 767,702 9,920,546 Impairment losses 38,594,470 — 14,280,000 — 52,874,470 Gain on exchange ( 3,350,539 ) — — — ( 3,350,539 ) Operating income (loss) $ ( 1,497,069 ) $ 4,254,075 $ ( 18,288,826 ) $ ( 18,769,061 ) $ ( 34,300,881 ) Audio Digital Other Corporate Total Capital expenditures $ 13,160,276 $ 58,300 $ 59,084 $ 401,651 $ 13,679,311 Reportable segment information as of December 31, 2023 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 48,324,618 $ 95,003 $ 74,081 $ 2,981,052 $ 51,474,754 FCC licenses 393,006,900 — — — 393,006,900 Goodwill — 922,000 — — 922,000 Other intangibles, net 1,707,909 834,836 — 179,663 2,722,408 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

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	BEASLEY BROADCAST GROUP, INC. CONSOLIDATED FINANCIAL STATEMENT SCHEDULE VALUATION AND QUALIFYING ACCOUNTS Years ended December 31, 2022 and 2023 Description Balance at Charged to Deductions Balance at Year ended December 31, 2022: Valuation allowance for deferred tax assets 305,043 — 5,121 299,922 Year ended December 31, 2023: Valuation allowance for deferred tax assets 299,922 — 3,742 296,180

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly owned subsidiaries, including OutlawsXP, Inc. (“Outlaws”). All significant inter-company transactions and balances have been eliminated.
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 Supplemental Employee Retirement Plan ("SERP"). Actual results and outcomes may differ from management’s estimates and assumptions.
Reclassifications	Reclassifications Certain amounts previously reported in the 2022 financial statements have been reclassified to conform to the 2023 presentation.
Cash and Cash Equivalents	Cash and Cash Equivalents All short-term investments with an original maturity of three months or less are considered to be cash equivalents.
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: December 31, 2022 2023 Beginning balance $ 1,720,477 $ 1,876,751 Provision for credit losses 1,108,840 1,642,545 Deductions ( 952,566 ) ( 1,767,238 ) Ending balance $ 1,876,751 $ 1,752,058
Property and Equipment	Property and Equipment Property and equipment is recorded at fair value in a business combination or otherwise at cost and depreciated using the straight-line method over the estimated useful life of the asset. If an event or change in circumstances were to indicate that the carrying amount of property and equipment is not recoverable, the carrying amount will be reduced to the estimated fair value. Repairs and maintenance are charged to expense as incurred.
FCC Licenses	FCC Licenses FCC licenses, including translator licenses, are generally granted for renewable terms of eight years . Renewal costs are generally minor and expensed as incurred. Licenses are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s licenses might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that its licenses are impaired. If the Company determines it is more likely than not that its licenses are impaired, then the Company is required to perform the quantitative impairment test. The quantitative impairment test compares the fair value of the Company’s licenses with their carrying amounts. If the carrying amounts of the licenses exceed their fair value, an impairment loss is recognized in an amount equal to that excess. For the purpose of testing its licenses for impairment, the Company combines its licenses into reporting units based on its market clusters. See Note 5 for changes in the carrying amount of FCC licenses for the years ended December 31, 2022 and 2023 . The weighted-average period before the next renewal of the Company’s FCC licenses is 5.0 years.
Goodwill	Goodwill Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s goodwill might be impaired. The Company assesses qualitative factors to determine whether it is necessary to perform a quantitative assessment for each reporting unit. If the quantitative assessment is necessary, the Company will determine the fair value of each reporting unit. If the fair value of any reporting unit is less than the carrying amount, the Company will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The loss recognized will not exceed the total amount of goodwill allocated to the reporting unit. For the purpose of testing its goodwill for impairment, the Company has identified its market clusters, digital, and esports as its reporting units. See Note 6 for changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2023 .
Other Intangibles	Other Intangibles Other intangibles include advertiser relationships, franchise rights and a trade name with finite lives that are amortized over their respective estimated useful lives. If an event or change in circumstances were to indicate that the carrying amount of any other intangibles is not recoverable, the carrying amount will be reduced to the estimated fair value. Other intangibles also includes brands with indefinite lives that are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s brands might be impaired. For the purpose of testing its other intangibles for impairment, the Company has identified its market clusters, digital, and esports as its reporting units. See Note 7 for changes in the carrying amount of other intangibles for the years ended December 31, 2022 and 2023 .
Investments	Investments Other assets include an investment in Quu, Inc. (“Quu”). The Company is considered to have the ability to exercise significant influence over the operating and financial policies of Quu. Therefore, the investment in Quu is accounted for using the equity method. The Company will recognize its share of the earnings of Quu in the periods for which it is reported. Any loss in value of the investment that is other than a temporary decline will be recognized. Other assets also include a noncontrolling interest in AUDIOis, which does not have a readily determinable fair value, and therefore, is recorded at cost less impairment. The Company evaluates the investments on a quarterly basis to identify impairment. When the evaluation indicates that an impairment exists, the Company will estimate the fair value of the investment and recognize an impairment loss equal to the difference between the fair value and the carrying amount of the investment. The carrying amount of the investment in QUU was $ 2.0 million and $ 1.8 million as of December 31, 2022 and 2023 , respectively.
Debt Issuance Costs	Debt Issuance Costs Debt issuance costs are capitalized and amortized over the life of the related debt as interest expense on a straight-line basis which approximates the effective interest method. Unamortized debt issuance costs are reported as a direct deduction from the carrying amount of the related debt.
Leases	Leases The Company determines whether a contract is or contains a lease at inception. The term for each lease agreement begins on the commencement date and includes the noncancelable period specified in the agreement together with: (1) the periods covered by options to extend the lease if the Company is reasonably certain to exercise that option, (2) the periods covered by an option to terminate if the Company is reasonably certain not to exercise that option and (3) the period covered by an option to extend (or not terminate) if controlled by the lessor. The lease liabilities and the related right-of use assets are calculated based on the present value of the lease payments using (1) the rate implicit in the lease or (2) the lessee’s incremental borrowing rate (“IBR”). IBR is defined as the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment.
Supplemental Employee Retirement Plan	Supplemental Employee Retirement Plan The costs and liabilities of the SERP are determined using actuarial valuations. An actuarial valuation involves making various assumptions that include the discount rate and mortality rates. The discount rate is based on matching the cash flows of the SERP to the FTSE Pension Discount Curve. The mortality assumptions are based on the mortality tables and mortality improvement scales that are selected based on the most recent study of the Society of Actuaries. The SERP is frozen so future employment does not change the benefit amounts. Actual results will differ from results which are estimated based on assumptions.
Treasury Stock [Policy Text Block]	Treasury Stock Treasury stock is accounted for using the cost method whereby the entire cost of the acquired stock is recorded as treasury stock.
Stock-Based Compensation	Stock-Based Compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost is recognized in earnings over the period during which an employee is required to provide service. No compensation cost is recognized for equity instruments for which employees do not render the requisite services.
Income Taxes	Income Taxes The Company recorded income taxes under the liability method. Deferred tax assets and liabilities are recognized for all temporary differences between tax and financial reporting bases of the Company’s assets and liabilities using enacted tax rates applicable to the periods in which the differences are expected to affect taxable income. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense.
Comprehensive Loss	Comprehensive Loss Comprehensive loss consists of net loss and other gains and losses affecting equity that, under accounting principles generally accepted in the United States of America, are excluded from net loss, including unrecognized net actuarial gains and losses related to the SERP.
Loss per Share	Loss per Share Basic net loss per share is computed by dividing net loss attributable to common stockholders of the Company by the weighted average number of common shares outstanding for the period. Common shares outstanding include shares of both Class A and Class B common stock, which have equal rights and privileges except with respect to voting. Diluted net loss per share reflects the potential dilution that could occur if restricted stock units or other contracts to issue common stock were exercised or converted into common stock and were not anti-dilutive. When reporting a net loss, the effect of restrictive stock units is excluded under the treasury stock method as the addition of shares would be anti-dilutive.
Concentrations of Risk	Concentrations of Risk Certain cash deposits with financial institutions may, at times, exceed FDIC insurance limits. The stations located in Boston, MA, Detroit, MI, and Philadelphia, PA collectively contributed 58 % of the Company’s net revenue in 2023 . The stations located in Boston, MA, Detroit, MI, and Philadelphia, PA collectively contributed 58 % of the Company’s net revenue in 2022 .
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s own assumptions based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs used to measure fair value into three broad levels. The three levels of the fair value hierarchy are defined as follows: Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities as of the reporting date. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, as of the reporting date. Level 3 – Unobservable inputs for the asset or liability that reflect management’s own assumptions about the assumptions that market participants would use in pricing the asset or liability as of the reporting date.
Sports Programming Cost Amortization [Policy Text Block]	Sports Programming Costs Sports programming rights for a specified season are amortized on a straight-line basis over the season. Other payments are expensed when the additional contract elements, such as post-season games, are broadcast.
Segments	Segments The Company currently operates two operating and reportable segments (Audio and Digital). The Company also operated an esports segment in 2022 and from January 1, 2023 to December 13, 2023. 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). Operating results are reported to the Chief Operating Decision Maker on a statement of operations, which includes net revenue, operating expenses, impairment losses, gains and losses on dispositions and depreciation and amortization. Corporate expenses include general and administrative expenses and certain other income and expense items not allocated to the operating segments.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance which requires additional disclosures for the Company's reportable segments, primarily related to significant segment expenses. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within the fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. The Company is currently in the process of reviewing the new guidance. In June 2016, the 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 consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 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: December 31, 2022 2023 Beginning balance $ 1,720,477 $ 1,876,751 Provision for credit losses 1,108,840 1,642,545 Deductions ( 952,566 ) ( 1,767,238 ) Ending balance $ 1,876,751 $ 1,752,058

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2023
Asset Acquisition [Line Items]
Summary Of Loss On Termination	The loss on termination is summarized as follows: Termination payment $ 6,000,000 Goodwill (see Note 6) ( 1,761,100 ) Other intangibles (see Note 7) ( 4,529,447 ) Loss on termination $ ( 290,547 )
Summary Of Asset Allocation Based On Fair Value	The asset allocation is summarized as follows: Property and equipment $ 302,336 FCC license 5,451,000 Fair value of assets received 5,753,336 Carrying amount of assets of exchanged station ( 2,402,797 ) Gain on exchange $ 3,350,539
Summary of Schedule of Assumptions Used in Valuation of FCC Licenses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.2 )% - 1.8 % Market revenue shares at maturity 0.4 % - 44.7 % Operating income margins at maturity 19.7 % - 30.4 % Discount rate 10.0 % The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 16.5 )% - 24.4 % Market revenue shares at maturity 0.4 % - 45.5 % Operating income margins at maturity 19.7 % - 29.9 % Discount rate 10.0 % 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 % The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.3 % - 2.7 % Market revenue shares at maturity 0.7 % - 44.7 % Operating income margins at maturity 19.7 % - 30.4 % Discount rate 9.5 %
Schedule of Purchase Price Allocation	The final purchase price allocation was completed during the third quarter of 2022. The final purchase price allocation is summarized as follows: Property and equipment $ 3,000 Goodwill 922,000 Other intangibles 1,075,000 $ 2,000,000
FCC License [Member]
Asset Acquisition [Line Items]
Summary of Schedule of Assumptions Used in Valuation of FCC Licenses	The key assumptions used in the valuation of the FCC license are as follows: Revenue growth rates 0.3 % - 1.5 % Market revenue shares at maturity 5.2 % Operating income margins at maturity 23.3 % Discount rate 9.5 %

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment	Property and equipment is comprised of the following: December 31, Estimated 2022 2023 (years) Land $ 13,342,547 $ 13,322,390 — Buildings and improvements 39,350,594 37,255,078 15 - 30 Broadcast equipment 32,663,190 34,781,546 5 - 15 Transportation equipment 2,304,018 2,265,706 5 Office equipment 9,871,341 9,629,737 5 - 10 Construction in progress 649,321 430,175 — 98,181,011 97,684,632 Less accumulated depreciation and amortization ( 42,373,964 ) ( 46,209,878 ) $ 55,807,047 $ 51,474,754

FCC Licenses (Tables)

FCC Licenses (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block [Abstract]
Carrying Amount of Broadcasting Licenses	Changes in the carrying amount of FCC licenses for the years ended December 31, 2022 and 2023 are as follows: Balance as of January 1, 2022 $ 508,413,913 Asset exchange acquisition (see Note 3) 5,451,000 Asset exchange disposition (see Note 3) ( 2,025,500 ) Disposition (see Note 3) ( 790,232 ) Impairment losses (see below and also Note 3) ( 23,799,383 ) Balance as of December 31, 2022 487,249,798 Dispositions (see Note 3) ( 5,028,233 ) Impairment losses (see below and also Note 3) ( 89,214,665 ) Balance as of December 31, 2023 $ 393,006,900
Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.2 )% - 1.8 % Market revenue shares at maturity 0.4 % - 44.7 % Operating income margins at maturity 19.7 % - 30.4 % Discount rate 10.0 % The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 16.5 )% - 24.4 % Market revenue shares at maturity 0.4 % - 45.5 % Operating income margins at maturity 19.7 % - 29.9 % Discount rate 10.0 % 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 % The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.3 % - 2.7 % Market revenue shares at maturity 0.7 % - 44.7 % Operating income margins at maturity 19.7 % - 30.4 % Discount rate 9.5 %

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Summary of Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2023 are as follows: Balance as of January 1, 2022 $ 28,596,547 Acquisition (see Note 3) 922,000 Impairment losses ( 16,253,087 ) Balance as of December 31, 2022 13,265,460 Disposition (see Note 3) ( 1,761,100 ) Impairment losses ( 10,582,360 ) Balance as of December 31, 2023 $ 922,000
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 %
Boston, MA radio market cluster [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Summary of Key Assumptions Used in the Discounted Cash Flow Analyses	The fair value of its goodwill was estimated using an income approach. The key assumptions used in the discounted cash flow analysis are as follows: Revenue growth rates 0.5 % - 11.4 % Operating income margin 13.1 % Discount rate 9.5 %
Philadelphia, PA market cluster [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
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 ( 9.3 )% - 1.4 % Operating income margin 27.9 % Discount rate 10.0 %

Other Intangibles (Tables)

Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Other Intangibles Acquired	Other intangibles as of December 31, 2023 are comprised of the following: Asset Accumulated Net Amortization Advertiser relationships $ 2,029,000 $ ( 864,129 ) $ 1,164,871 6 - 11 Trade name 510,000 ( 96,950 ) 413,050 8 2,539,000 ( 961,079 ) 1,577,921 Brands 1,115,663 — 1,115,663 Other intangibles with indefinite lives 28,824 — 28,824 $ 3,683,487 $ ( 961,079 ) $ 2,722,408 Other intangibles as of December 31, 2022 are comprised of the following: Asset Accumulated Net Amortization Advertiser relationships $ 2,029,000 $ ( 636,869 ) $ 1,392,131 6 - 11 Franchise rights 4,739,523 — 4,739,523 10 Trade name 510,000 ( 33,202 ) 476,798 8 7,278,523 ( 670,071 ) 6,608,452 Brands 1,582,663 — 1,582,663 Other intangibles with indefinite lives 28,824 — 28,824 $ 8,890,010 $ ( 670,071 ) $ 8,219,939
Summary of Estimated Future Amortization Expense Related to Intangible Assets	The Company recorded amortization expense of $ 2.7 million and $ 1.0 million for the years ended December 31, 2022 and 2023, respectively. Estimated future amortization expense related to intangible assets subject to amortization for the next five years and thereafter is as follows: 2024 $ 291,008 2025 291,008 2026 291,008 2027 291,008 2028 241,954 Thereafter 171,935 Total $ 1,577,921
Summary of the key assumptions used in the discounted cash flow analyses	Revenue growth rate(s) 3.0 % - 25.0 % Operating income margin(s) ( 22.3 )% - 43.5 % Discount rate 20.0 %

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Summary of Other Current Liabilities	Other current liabilities are comprised of the following: December 31, 2022 2023 Accrued interest $ 10,448,469 $ 10,100,833 Accrued payroll expenses 5,121,950 4,906,900 Deferred revenue 4,696,989 4,835,984 Accrued digital expenses 3,028,440 3,284,767 Other accrued expenses 5,887,782 2,785,343 $ 29,183,630 $ 25,913,827

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, December 31, 2022 2023 Secured notes $ 290,000,000 $ 267,000,000 Less unamortized debt issuance costs ( 4,527,893 ) ( 2,796,990 ) $ 285,472,107 $ 264,203,010

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Summary of lease information	The following table summarizes lease information: Year ended December 31, 2022 2023 Lease cost Operating lease cost $ 11,974,079 $ 11,565,713 Short-term lease cost 29,880 30,620 Total lease cost $ 12,003,959 $ 11,596,333 Other information Operating cash flows from operating leases $ 11,665,909 $ 12,182,522 Right-of-use assets obtained in exchange for new operating lease 13,383,043 4,561,161 December 31, Weighted-average remaining lease term – operating leases 6.8 Weighted-average discount rate – operating leases 9.1 %
Schedule of future minimum lease payments	As of December 31, 2023, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows: 2024 $ 11,260,982 2025 10,483,998 2026 8,070,642 2027 6,555,452 2028 5,015,972 Thereafter 16,098,110 Total lease payments 57,485,156 Less imputed interest ( 15,961,929 ) Present value of lease liabilities $ 41,523,227

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Postemployment Benefits [Abstract]
Summary of Change in Projected Benefit Obligation	The SERP is summarized as follows: Year ended December 31, 2022 2023 Change in Projected Benefit Obligation Benefit obligation at beginning of year $ 10,187,817 $ 7,958,072 Interest cost 250,240 379,126 Actuarial (gain) loss ( 1,990,024 ) 205,087 Benefits paid ( 489,961 ) ( 535,450 ) Benefit obligation at end of year $ 7,958,072 $ 8,006,835
Summary of Change in Plan Assets	Change in Plan Assets Fair value of plan assets at beginning of year $ — $ — Employer contribution 489,961 535,450 Benefits paid ( 489,961 ) ( 535,450 ) Fair value of plan assets at end of year $ — $ — Funded status $ ( 7,958,072 ) $ ( 8,006,835 ) Unrecognized net actuarial loss ( 669,250 ) ( 464,163 ) Cumulative employer contributions in excess of the net periodic pension cost $ ( 8,627,322 ) $ ( 8,470,998 )
Summary of Amounts Recognized in Statement of Financial Position	Amounts Recognized in the Statement of Financial Position Current liabilities $ ( 562,238 ) $ ( 606,578 ) Noncurrent liabilities ( 7,395,834 ) ( 7,400,257 ) Net amount recognized $ ( 7,958,072 ) $ ( 8,006,835 )
Summary of Amounts Recognized in Accumulated Other Comprehensive Income	Amounts Recognized in Accumulated Other Comprehensive Income Net actuarial (gain) loss $ ( 669,250 ) $ ( 464,163 ) Total (before tax effects) $ ( 669,250 ) $ ( 464,163 )
Summary of Information for Pension Plans With Accumulated Benefit Obligation in Excess of Plan Assets	Information for Pension Plans about Benefit Obligation and Plan Assets Projected benefit obligation $ 7,958,072 $ 8,006,835 Accumulated benefit obligation $ 7,958,072 $ 8,006,835
Summary of Weighted-Average Assumptions for Disclosure	Weighted-Average Assumptions for Disclosure Discount rate 4.90 % 4.70 % Mortality table Pri-2012 WC Pri-2012 WC Mortality improvement scale MP-2021 MP-2021
Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income	Net Periodic Benefit Cost Interest cost $ 250,240 $ 379,126 Recognized net actuarial (gain) loss 98,082 — Net periodic benefit cost $ 348,322 $ 379,126
Summary of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income	Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income Net actuarial (gain) loss $ ( 1,990,024 ) $ 205,087 Recognized net actuarial (gain) loss ( 98,082 ) — Total recognized in other comprehensive income (before tax effects) $ ( 2,088,106 ) $ 205,087 Total recognized in net cost and other comprehensive income (before tax effects) $ ( 1,739,784 ) $ 584,213
Summary of Amounts Expected to be Recognized in Net Periodic Cost in Coming Year	Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year (Gain) loss recognition $ — $ — Prior service cost recognition $ — $ — Net initial obligation (asset) recognition $ — $ —
Summary of Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost	Weighted-average assumptions used to determine Net Periodic Benefit Cost Discount rate 2.50 % 4.90 % Corridor 10.00 % 10.00 % Average future working lifetime 4.99 4.52 Mortality table Pri-2012 WC Pri-2012 WC Mortality improvement scale MP-2021 MP-2021
Summary of Estimated Future Benefit Payments	Estimated Future Benefit Payments 2024 $ 606,578 2025 $ 628,455 2026 $ 628,088 2027 $ 619,658 2028 $ 619,012 2029-2033 $ 2,982,667
Summary of Estimated Contributions	Contributions Estimated contributions for 2024 $ 606,578

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Revenue is comprised of the following: Year ended December 31, 2022 2023 Audio $ 213,036,307 $ 199,481,868 Digital 40,755,164 45,417,296 Other 2,589,547 2,210,094 $ 256,381,018 $ 247,109,258
Deferred Revenue	December 31, December 31, 2022 2023 Deferred revenue $ 4,696,989 $ 4,835,984
Trade Sale Revenue	December 31, December 31, 2022 2023 Trade sales receivable $ 1,564,054 $ 1,417,692 Trade sales payable 806,162 481,471 Year ended December 31, 2022 2023 Trade sales revenue $ 5,862,351 $ 5,963,305

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted Stock Units	A summary of restricted stock unit activity is presented below: Units Weighted-Average Grant-Date Fair Value Unvested as of January 1, 2022 940,834 $ 2.77 Granted 778,857 1.35 Vested ( 513,915 ) 2.51 Forfeited ( 120,958 ) 2.32 Unvested as of December 31, 2022 1,084,818 1.87 Granted 475,520 0.80 Vested ( 628,155 ) 1.60 Forfeited ( 158,849 ) 1.02 Unvested as of December 31, 2023 773,334 $ 1.54

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax benefit is as follows: Year ended December 31, 2022 2023 Current: Federal $ 265,813 $ 1,498,219 State 104,598 132,848 370,411 1,631,067 Deferred: Federal ( 10,074,570 ) ( 20,442,502 ) State ( 8,083,275 ) ( 5,475,931 ) ( 18,157,845 ) ( 25,918,433 ) $ ( 17,787,434 ) $ ( 24,287,366 )
Schedule of Income Tax Expense (Benefit) , Federal Statutory Rate	Income tax benefit differs from the amounts that would result from applying the federal statutory rate of 21 % to the Company’s loss before taxes as follows: Year ended December 31, 2022 2023 Expected tax benefit $ ( 12,564,847 ) $ ( 20,844,385 ) State income taxes, net of federal benefit ( 2,618,634 ) ( 4,320,644 ) Tax rate adjustments ( 3,687,539 ) ( 112,968 ) Change in valuation allowance ( 5,121 ) ( 3,742 ) Non-deductible items 884,241 728,641 Other 204,466 265,732 $ ( 17,787,434 ) $ ( 24,287,366 )
Schedule of Components of Deferred Tax Assets and Liabilities	Temporary differences that give rise to the components of deferred tax assets and liabilities are as follows: December 31, 2022 2023 Deferred tax assets: Allowance for credit losses $ 476,552 $ 444,198 Other assets 327,689 1,515,891 Operating lease liabilities 919,745 876,923 Other long-term liabilities 2,084,645 2,029,965 Stock-based compensation 156,677 116,052 Interest expense limitation 10,006,855 14,663,404 Net operating losses 2,215,118 1,100,232 Subtotal 16,187,281 20,746,665 Valuation allowance ( 299,922 ) ( 296,180 ) Total 15,887,359 20,450,485 Deferred tax liabilities: Prepaid expenses ( 143,287 ) ( 167,592 ) Property and equipment ( 5,834,727 ) ( 5,309,534 ) Intangibles ( 107,978,326 ) ( 86,868,274 ) Total ( 113,956,340 ) ( 92,345,400 ) Net deferred tax liabilities $ ( 98,068,981 ) $ ( 71,894,915 )

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Net Income Per Share	Net loss per share calculation information is as follows: Year ended December 31, 2022 2023 Net loss $ ( 42,057,430 ) $ ( 75,120,138 ) Weighted-average shares outstanding: Basic 29,473,989 29,893,722 Effect of dilutive restricted stock units — — Diluted 29,473,989 29,893,722 Net loss per Class A and Class B common share – basic and diluted $ ( 1.43 ) $ ( 2.51 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Payments for the Next Five Years and Thereafter	As of December 31, 2023, future minimum payments for the next five years and thereafter are summarized as follows: 2024 $ 25,393,981 2025 25,460,934 2026 8,328,829 2027 7,616,667 2028 7,418,334 Thereafter 14,075,000 Total $ 88,293,745

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Summary of reportable segment information	Reportable segment information for the year ended December 31, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 199,481,868 $ 45,417,296 $ 2,210,094 $ — $ 247,109,258 Operating expenses 163,608,414 40,844,592 3,794,215 — 208,247,221 Corporate expenses — — — 18,246,731 18,246,731 Depreciation and amortization 7,013,118 188,790 770,029 837,406 8,809,343 Impairment losses 99,797,025 — — — 99,797,025 Extinguishment of franchise fee — — ( 6,000,000 ) — ( 6,000,000 ) Operating income (loss) $ ( 70,936,689 ) $ 4,383,914 $ 3,645,850 $ ( 19,084,137 ) $ ( 81,991,062 ) Audio Digital Other Corporate Total Capital expenditures $ 3,901,609 $ 13,184 $ 25,534 $ 249,227 $ 4,189,554 Reportable segment information for the year ended December 31, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 213,036,307 $ 40,755,164 $ 2,589,547 $ — $ 256,381,018 Operating expenses 173,011,492 36,398,687 3,825,884 — 213,236,063 Corporate expenses — — — 18,001,359 18,001,359 Depreciation and amortization 6,277,953 102,402 2,772,489 767,702 9,920,546 Impairment losses 38,594,470 — 14,280,000 — 52,874,470 Gain on exchange ( 3,350,539 ) — — — ( 3,350,539 ) Operating income (loss) $ ( 1,497,069 ) $ 4,254,075 $ ( 18,288,826 ) $ ( 18,769,061 ) $ ( 34,300,881 ) Audio Digital Other Corporate Total Capital expenditures $ 13,160,276 $ 58,300 $ 59,084 $ 401,651 $ 13,679,311 Reportable segment information as of December 31, 2023 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 48,324,618 $ 95,003 $ 74,081 $ 2,981,052 $ 51,474,754 FCC licenses 393,006,900 — — — 393,006,900 Goodwill — 922,000 — — 922,000 Other intangibles, net 1,707,909 834,836 — 179,663 2,722,408 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

Nature of Business - Additional

Nature of Business - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Summary of Credit Losses on Accounts Receivable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Allowance for Credit Loss [Abstract]
Beginning Balance	$ 1,876,751	$ 1,720,477
Provision for credit losses	1,642,545	1,108,840
Deductions	(1,767,238)	(952,566)
Ending Balance	$ 1,752,058	$ 1,876,751

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) Segment	Dec. 31, 2022 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Renewable terms of FCC broadcasting licenses	8 years
Weighted-average period before the next renewal of the Company's FCC broadcasting licenses	5 years
Number of operating segments	2
Number of reportable segments	2
Quu Inc [Member]
Summary Of Significant Accounting Policies [Line Items]
Investment carrying amount | $	$ 1.8	$ 2
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | Boston MA Detroit MI And Philadelphia PA [Member]
Summary Of Significant Accounting Policies [Line Items]
Radio stations contributed to net revenue	58%	58%

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail) - USD ($)					1 Months Ended	3 Months Ended			12 Months Ended
	Dec. 13, 2023	Oct. 05, 2023	Sep. 11, 2023	Jun. 22, 2022	Apr. 30, 2022	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Loss on termination									$ 290,547
Fair Value of Assets Acquired										$ 5,753,336
Gain loss on exchange of fair value of assets									0	3,350,539
Payment to acquire business gross									0	2,000,000
Reporting Unit, Zero or Negative Carrying Amount, Amount of Allocated Goodwill						$ 900,000			900,000
Proceeds from dispositions									11,060,000	1,185,312
Impairment losses								$ 1,900,000	$ 89,214,665	23,799,383
Asset Exchange Agreement [Member] | Audacy Nevada LLC And Beasely Media Group LLC [Member]
Business Acquisition [Line Items]
Fair Value of Assets Acquired										5,800,000
Gain loss on exchange of fair value of assets										$ 3,400,000
Esports Segment [Member]
Business Acquisition [Line Items]
Termination payment received						6,000,000
Loss on termination						300,000
Franchise fee payment forgiveness	$ 6,000,000
Wilmington [Member] | WJBRFM [Member]
Business Acquisition [Line Items]
Proceeds from dispositions		$ 5,000,000
Gain on disposition						$ 18,000
Atlanta G A [Member] | WWWEAM [Member]
Business Acquisition [Line Items]
Proceeds from dispositions			$ 250,000
West Palm Beach Boca Raton [Member] | WWNNAM [Member]
Business Acquisition [Line Items]
Proceeds from dispositions					$ 1,250,000
Guarantee Digital LLC [Member]
Business Acquisition [Line Items]
Payment to acquire business gross				$ 2,000,000
FCC License [Member]
Business Acquisition [Line Items]
Impairment losses							$ 10,000,000

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule Of Loss On Termination (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Termination payment	$ 6,000,000
Goodwill	(1,761,100)
Other intangibles	(4,529,447)
Loss on termination	$ (290,547)

Acquisitions and Dispositions_3

Acquisitions and Dispositions - Summary of Asset Allocation Based on Fair Value (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Asset Acquisition [Line Items]
Fair value of assets received		$ 5,753,336
Carrying amount of assets of exchanged station		(2,402,797)
Gain on exchange	$ 0	3,350,539
FCC license [Member]
Asset Acquisition [Line Items]
Fair value of assets received		5,451,000
Property, Plant and Equipment [Member]
Asset Acquisition [Line Items]
Fair value of assets received		$ 302,336

Acquisitions and Dispositions_4

Acquisitions and Dispositions - Schedule of Assumptions Used in Valuation of FCC Licenses (Detail)	3 Months Ended				12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2023
Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates	10%	10%	9.50%	9.50%
Minimum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	0.40%	0.40%	0.70%	0.60%
Operating income margins at maturity	19.70%	19.70%	19.70%	19.20%
Minimum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates	(16.50%)	(1.20%)	0.30%	(1.90%)
Maximum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	45.50%	44.70%	44.70%	44%
Operating income margins at maturity	29.90%	30.40%	30.40%	32.60%
Maximum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates	24.40%	1.80%	2.70%	15.90%
FCC License [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity					5.20%
Operating income margins at maturity					23.30%
FCC License [Member] | Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates					9.50%
FCC License [Member] | Minimum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates					0.30%
FCC License [Member] | Maximum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates					1.50%

Acquisitions and Dispositions_5

Acquisitions and Dispositions - Schedule of Purchase Price Allocation (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 922,000	$ 13,265,460	$ 28,596,547
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

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 97,684,632	$ 98,181,011
Less accumulated depreciation and amortization	(46,209,878)	(42,373,964)
Property and equipment, net	51,474,754	55,807,047
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,322,390	13,342,547
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	37,255,078	39,350,594
Broadcast Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	34,781,546	32,663,190
Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,265,706	2,304,018
Estimated useful lives (years)	5 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 9,629,737	9,871,341
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 430,175	$ 649,321
Minimum [Member] | Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	15 years
Minimum [Member] | Broadcast Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	5 years
Minimum [Member] | Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	5 years
Maximum [Member] | Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	30 years
Maximum [Member] | Broadcast Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	15 years
Maximum [Member] | Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	10 years

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 7.8	$ 6.9

FCC Licenses - Carrying Amount

FCC Licenses - Carrying Amount of Broadcasting Licenses (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
FCC Licenses [Line Items]
Beginning Balance	$ 508,413,913	$ 487,249,798	$ 508,413,913
Impairment losses	$ (1,900,000)	(89,214,665)	(23,799,383)
Disposition		(5,028,233)	(790,232)
Asset exchange acquisition			5,753,336
Asset exchange disposition			(2,025,500)
Ending Balance		$ 393,006,900	$ 487,249,798
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]			Impairment losses
FCC License [Member]
FCC Licenses [Line Items]
Asset exchange acquisition			$ 5,451,000

FCC Licenses - Discounted Cash

FCC Licenses - Discounted Cash Flow Analyses (Detail)	3 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	10%	10%	9.50%	9.50%
Minimum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	0.40%	0.40%	0.70%	0.60%
Operating income margins at maturity	19.70%	19.70%	19.70%	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	(16.50%)	(1.20%)	0.30%	(1.90%)
Maximum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	45.50%	44.70%	44.70%	44%
Operating income margins at maturity	29.90%	30.40%	30.40%	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	24.40%	1.80%	2.70%	15.90%

FCC Licenses - Additional Infor

FCC Licenses - Additional Information (Detail) - USD ($)			3 Months Ended			12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Sep. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill					$ 1,900,000	$ 89,214,665	$ 23,799,383
Proceeds from sale of assets						$ 11,060,000	$ 1,185,312
Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill			$ 78,200,000
Fort Mayers Naples FL Lasvegas LV And Wilmington [Member] | Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill				$ 2,800,000
Augusta G A, Fort Myers-Naples F L, and Middlesex-Monmouth-Morristown N J Market Clusters [Member] | Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill	$ 1,000,000
Boston M A, Charlotte N C, Fort Myers-Naples F L, Middlesex-Monmouth-Morristown N J, and Wilmington D E Market Clusters [Member] | Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill		$ 19,200,000

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended			12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Goodwill impairment losses			$ 5,900,000	$ 10,582,360	$ 16,253,087
Esports Segment [Member]
Goodwill impairment losses		$ 1,500,000
Boston, MA radio market cluster [Member]
Goodwill impairment losses		$ 8,900,000
Philadelphia, PA market cluster [Member]
Goodwill impairment losses	$ 10,600,000

Goodwill - Summary of Carrying

Goodwill - Summary of Carrying Amount of Goodwill (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning Balance		$ 13,265,460	$ 28,596,547
Acquisition (see Note 3)			922,000
Impairment losses	$ (5,900,000)	(10,582,360)	(16,253,087)
Disposition		(1,761,100)
Ending Balance		$ 922,000	$ 13,265,460

Goodwill - Summary of Key Assum

Goodwill - Summary of Key Assumptions Used in the Discounted Cash Flow Analyses (Detail)	3 Months Ended				12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2023
Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins	19.70%	19.70%	19.70%	19.20%
Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins	29.90%	30.40%	30.40%	32.60%
Measurement Input, Long-term Revenue Growth Rate [Member] | Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	(16.50%)	(1.20%)	0.30%	(1.90%)
Measurement Input, Long-term Revenue Growth Rate [Member] | Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	24.40%	1.80%	2.70%	15.90%
Measurement Input, Discount Rate [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	10%	10%	9.50%	9.50%
Goodwill [Member] | Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins					5.40%
Goodwill [Member] | Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins					29.80%
Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member] | Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					(1.90%)
Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member] | Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					11.10%
Goodwill [Member] | Measurement Input, Discount Rate [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					9.50%
Boston, MA radio market cluster [Member] | Goodwill [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins					13.10%
Boston, MA radio market cluster [Member] | Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member] | Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					0.50%
Boston, MA radio market cluster [Member] | Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member] | Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					11.40%
Boston, MA radio market cluster [Member] | Goodwill [Member] | Measurement Input, Discount Rate [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					9.50%
Philadelphia, PA market cluster [Member] | Goodwill [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins					27.90%
Philadelphia, PA market cluster [Member] | Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member] | Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					(9.30%)
Philadelphia, PA market cluster [Member] | Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member] | Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					1.40%
Philadelphia, PA market cluster [Member] | Goodwill [Member] | Measurement Input, Discount Rate [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates					10%

Other Intangibles - Summary of

Other Intangibles - Summary of Other Intangibles Acquired (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 2,539,000	$ 7,278,523
Accumulated amortization	(961,079)	(670,071)
Net asset	1,577,921	6,608,452
Other Intangible Assets Gross	3,683,487	8,890,010
Other Intangible Assets Accumulated Amortization	(961,079)	(670,071)
Other intangibles, net	2,722,408	8,219,939
Advertiser Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	2,029,000	2,029,000
Accumulated amortization	(864,129)	(636,869)
Net asset	$ 1,164,871	$ 1,392,131
Advertiser Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period (years)	11 years	11 years
Advertiser Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period (years)	6 years	6 years
Franchise Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets		$ 4,739,523
Net asset		$ 4,739,523
Amortization period (years)		10 years
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 510,000	$ 510,000
Accumulated amortization	(96,950)	(33,202)
Net asset	$ 413,050	$ 476,798
Amortization period (years)	8 years	8 years
Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite lived intangible assets net	$ 1,115,663	$ 1,582,663
Other intangibles with indefinite lives[Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite lived intangible assets net	$ 28,824	$ 28,824

Other Intangibles - Additional

Other Intangibles - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other Intangibles [Line Items]
Amortization expense	$ 1	$ 2.7
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Depreciation, Depletion and Amortization, Nonproduction
Franchise Rights [Member]
Other Intangibles [Line Items]
Impairment of intangible assets finite lived	$ 12.8

Other Intangibles - Summary o_2

Other Intangibles - Summary of  the key assumptions used in the discounted cash flow analyses (Detail)	3 Months Ended				12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2023
Measurement Input, Long-term Revenue Growth Rate [Member] | Maximum [Member]
Disclosure In Tabular Form Of Assumptions Used In Determination Of Fair Value Of Intangible Assets [Line Items]
Revenue growth rates	24.40%	1.80%	2.70%	15.90%
Measurement Input, Long-term Revenue Growth Rate [Member] | Minimum [Member]
Disclosure In Tabular Form Of Assumptions Used In Determination Of Fair Value Of Intangible Assets [Line Items]
Revenue growth rates	(16.50%)	(1.20%)	0.30%	(1.90%)
Measurement Input, Long-term Revenue Growth Rate [Member] | Franchise Rights [Member] | Maximum [Member]
Disclosure In Tabular Form Of Assumptions Used In Determination Of Fair Value Of Intangible Assets [Line Items]
Revenue growth rates					25%
Measurement Input, Long-term Revenue Growth Rate [Member] | Franchise Rights [Member] | Minimum [Member]
Disclosure In Tabular Form Of Assumptions Used In Determination Of Fair Value Of Intangible Assets [Line Items]
Revenue growth rates					3%
Measurement Input Operating income margin [Member] | Franchise Rights [Member] | Maximum [Member]
Disclosure In Tabular Form Of Assumptions Used In Determination Of Fair Value Of Intangible Assets [Line Items]
Revenue growth rates					43.50%
Measurement Input Operating income margin [Member] | Franchise Rights [Member] | Minimum [Member]
Disclosure In Tabular Form Of Assumptions Used In Determination Of Fair Value Of Intangible Assets [Line Items]
Revenue growth rates					(22.30%)
Measurement Input, Discount Rate [Member]
Disclosure In Tabular Form Of Assumptions Used In Determination Of Fair Value Of Intangible Assets [Line Items]
Revenue growth rates	10%	10%	9.50%	9.50%
Measurement Input, Discount Rate [Member] | Franchise Rights [Member]
Disclosure In Tabular Form Of Assumptions Used In Determination Of Fair Value Of Intangible Assets [Line Items]
Revenue growth rates					20%

Other Intangibles - Summary o_3

Other Intangibles - Summary of Estimated Future Amortization Expense Related to Intangible Assets (Detail)	Dec. 31, 2023 USD ($)
Intangible Liability Disclosure [Abstract]
2024	$ 291,008
2025	291,008
2026	291,008
2027	291,008
2028	241,954
Thereafter	171,935
Total	$ 1,577,921

Other Current Liabilities - Sum

Other Current Liabilities - Summary of Other Current Liabilities (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Accrued interest	$ 10,100,833	$ 10,448,469
Accrued payroll expenses	4,906,900	5,121,950
Deferred revenue	4,835,984	4,696,989
Accrued digital expenses	3,284,767	3,028,440
Other accrued expenses	2,785,343	5,887,782
Other current liabilities	$ 25,913,827	$ 29,183,630

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Less unamortized debt issuance costs	$ (2,796,990)	$ (4,527,893)
Long-term debt	264,203,010	285,472,107
Secured Notes [Member]
Line of Credit Facility [Line Items]
Secured notes	$ 267,000,000	$ 290,000,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	3 Months Ended				12 Months Ended
	Dec. 31, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Feb. 02, 2021
Long-Term Debt [Line Items]
Gain on repurchases of long-term debt					$ 7,807,875	$ 1,131,346
Promissory Note [Member]
Long-Term Debt [Line Items]
Debt instrument redeemed Percentage	65%	66%	77%	96%
Debt Instrument Repurchased Amount	$ 20,000,000	$ 3,000,000	$ 5,000,000	$ 5,000,000
New Promissory Note [Member]
Long-Term Debt [Line Items]
Gain on repurchases of long-term debt	$ 6,800,000	$ 1,000,000	$ 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

Leases - Summary Of Lease Cost

Leases - Summary Of Lease Cost (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lease cost
Operating lease cost	$ 11,565,713	$ 11,974,079
Short-term lease cost	30,620	29,880
Total lease cost	11,596,333	12,003,959
Other information
Operating cash flows from operating leases	12,182,522	11,665,909
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 4,561,161	$ 13,383,043
Weighted-average remaining lease term—operating leases	6 years 9 months 18 days
Weighted-average discount rate—operating leases	9.10%

Leases - Summary Of Future Mini

Leases - Summary Of Future Minimum Payments (Detail)	Dec. 31, 2023 USD ($)
2024	$ 11,260,982
2025	10,483,998
2026	8,070,642
2027	6,555,452
2028	5,015,972
Thereafter	16,098,110
Total lease payments	57,485,156
Less imputed interest	(15,961,929)
Present value of lease liabilities	$ 41,523,227

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Contribution Plan Disclosure [Line Items]
Minimum percentage of employee contribution to defined contribution plan	1%
Amount of employee contribution to defined contribution plan	$ 22,500	$ 20,500
Employer matching contributions to defined contribution plan	0	0
Employee Age Fifty and Above [Member]
Defined Contribution Plan Disclosure [Line Items]
Amount of employee contribution to defined contribution plan	30,000	27,000
Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Benefit obligations in excess of the fair value of plan assets	8,006,835	7,958,072	$ 10,187,817
Contributions to the plan	535,450	489,961
Other Noncurrent Liabilities [Member] | Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Benefit obligations in excess of the fair value of plan assets	8,000,000	8,000,000
Other Current Liabilities [Member] | Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Benefit obligations in excess of the fair value of plan assets	$ 600,000	$ 600,000

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Change in Benefit Obligation (Detail) - Supplemental Employee Retirement Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Change in Projected Benefit Obligation
Benefit obligation at beginning of year	$ 7,958,072	$ 10,187,817
Interest cost	379,126	250,240
Actuarial (gain) loss	(205,087)	(1,990,024)
Benefits paid	(535,450)	(489,961)
Benefit obligation at end of year	$ 8,006,835	$ 7,958,072

Employee Benefit Plans - Summ_2

Employee Benefit Plans - Summary of Change in Plan Assets (Detail) - Supplemental Employee Retirement Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Change in Plan Assets
Employer contribution	$ 535,450	$ 489,961
Benefits paid	(535,450)	(489,961)
Funded status	(8,006,835)	(7,958,072)
Unrecognized net actuarial loss	(464,163)	(669,250)
Cumulative employer contributions in excess of the net periodic pension cost	$ (8,470,998)	$ (8,627,322)

Employee Benefit Plans - Summ_3

Employee Benefit Plans - Summary of Amounts Recognized in Statement of Financial Position (Detail) - Supplemental Employee Retirement Plan [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Amounts Recognized in the Statement of Financial Position
Current liabilities	$ (606,578)	$ (562,238)
Noncurrent liabilities	(7,400,257)	(7,395,834)
Net amount recognized	$ (8,006,835)	$ (7,958,072)

Employee Benefit Plans - Summ_4

Employee Benefit Plans - Summary of Amounts Recognized in Accumulated Other Comprehensive Income (Detail) - Supplemental Employee Retirement Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Amounts Recognized in Accumulated Other Comprehensive Income
Net actuarial (gain) loss	$ (464,163)	$ (669,250)
Total (before tax effects)	$ (464,163)	$ (669,250)

Employee Benefit Plans - Summ_5

Employee Benefit Plans - Summary of Information for Pension Plans With Accumulated Benefit Obligation in Excess of Plan Assets (Detail) - Supplemental Employee Retirement Plan [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Information for Pension Plans with an Accumulated Benefit Obligation in excess of Plan Assets
Projected benefit obligation	$ 8,006,835	$ 7,958,072
Accumulated benefit obligation	$ 8,006,835	$ 7,958,072

Employee Benefit Plans - Summ_6

Employee Benefit Plans - Summary of Weighted-Average Assumptions for Disclosure (Detail) - Supplemental Employee Retirement Plan [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted-Average Assumptions for Disclosure
Discount rate	4.70%	4.90%
Mortality table	Pri-2012 WC	Pri-2012 WC
Mortality improvement scale	MP-2021	MP-2021

Employee Benefit Plans - Summ_7

Employee Benefit Plans - Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income (Detail) - Supplemental Employee Retirement Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Periodic Benefit Cost
Interest cost	$ 379,126	$ 250,240
Recognized net actuarial (gain) loss		98,082
Net periodic benefit cost	$ 379,126	$ 348,322

Employee Benefit Plans - Summ_8

Employee Benefit Plans - Summary of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Detail) - Supplemental Employee Retirement Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net actuarial (gain) loss	$ 205,087	$ (1,990,024)
Recognized net actuarial (gain) loss		(98,082)
Total recognized in other comprehensive income (before tax effects)	205,087	(2,088,106)
Total recognized in net cost and other comprehensive income (before tax effects)	$ 584,213	$ (1,739,784)

Employee Benefit Plans - Summ_9

Employee Benefit Plans - Summary of Amounts Expected to be Recognized in Net Periodic Cost in Coming Year (Detail) - Supplemental Employee Retirement Plan [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year
(Gain) loss recognition	$ 0	$ 0
Prior service cost recognition	0	0
Net initial obligation (asset) recognition	$ 0	$ 0

Employee Benefit Plans - Sum_10

Employee Benefit Plans - Summary of Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost (Detail) - Supplemental Employee Retirement Plan [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted-average assumptions used to determine Net Periodic Benefit Cost
Discount rate	4.90%	2.50%
Corridor	10%	10%
Average future working lifetime	4 years 6 months 7 days	4 years 11 months 26 days
Mortality table	Pri-2012 WC	Pri-2012 WC
Mortality improvement scale	MP-2021	MP-2021

Employee Benefit Plans - Sum_11

Employee Benefit Plans - Summary of Estimated Future Benefit Payments (Detail) - Supplemental Employee Retirement Plan [Member]	Dec. 31, 2023 USD ($)
Defined Contribution Plan Disclosure [Line Items]
2024	$ 606,578
2025	628,455
2026	628,088
2027	619,658
2028	619,012
2029-2033	2,982,667
Estimated contributions for 2024	$ 606,578

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Condition of electing directors by class a and class b common stock vote	In the election of directors, the holders of Class A common stock are entitled by class vote, exclusive of other stockholders, to elect two of the Company’s directors, with each Class A share being entitled to one vote. In the election of the other six directors and all other matters submitted to the stockholders for a vote, the holders of Class A shares and Class B shares shall vote as a single class, with each Class A share being entitled to one vote and each Class B share entitled to ten votes.
Payments for treasury stock	$ 83,879	$ 133,940
Payments for treasury stock, shares	87,873

Revenue - Composition of Revenu

Revenue - Composition of Revenue (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net revenue	$ 247,109,258	$ 256,381,018
Audio [Member]
Disaggregation of Revenue [Line Items]
Net revenue	199,481,868	213,036,307
Digital [Member]
Disaggregation of Revenue [Line Items]
Net revenue	45,417,296	40,755,164
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 2,210,094	$ 2,589,547

Revenue - Deferred Revenue (Det

Revenue - Deferred Revenue (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 4,835,984	$ 4,696,989

Revenue - Trade Sale Revenue (D

Revenue - Trade Sale Revenue (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 1,417,692	$ 1,564,054
Trade sales payable	481,471	806,162
Trade sales revenue	$ 5,963,305	$ 5,862,351

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	1 year
2007 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock granted | $	$ 0.7
Cost expected to be recognized over a weighted-average period	2 years 4 months 24 days
2007 Plan [Member] | 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] | 2007 Plan [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] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance	1,084,818	940,834
Granted, Shares	475,520	778,857
Vested, Shares	(628,155)	(513,915)
Forfeited, Shares	(158,849)	(120,958)
Unvested Shares, Ending Balance	773,334	1,084,818
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance	$ 1.87	$ 2.77
Granted, Weighted-Average Grant-Date Fair Value	0.8	1.35
Vested, Weighted-Average Grant-Date Fair Value	1.6	2.51
Forfeited, Weighted-Average Grant-Date Fair Value	1.02	2.32
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance	$ 1.54	$ 1.87

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Benefit) (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current:
Federal	$ 1,498,219	$ 265,813
State	132,848	104,598
Current Income Tax Expense	1,631,067	370,411
Deferred:
Federal	(20,442,502)	(10,074,570)
State	(5,475,931)	(8,083,275)
Deferred Income Tax Expense	(25,918,433)	(18,157,845)
Income Tax Expense (Benefit)	$ (24,287,366)	$ (17,787,434)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Federal statutory rate	21%
Net operating losses, state	$ 20

Income Taxes - Schedule of In_2

Income Taxes - Schedule of Income Tax Expense (Benefit), Federal Statutory Rate (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Expected tax benefit	$ (20,844,385)	$ (12,564,847)
State income taxes, net of federal benefit	(4,320,644)	(2,618,634)
Tax rate adjustments	(112,968)	(3,687,539)
Change in valuation allowance	(3,742)	(5,121)
Non-deductible items	728,641	884,241
Other	265,732	204,466
Income Tax Expense (Benefit)	$ (24,287,366)	$ (17,787,434)

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Deferred Tax Assets and Liabilities (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Allowance for credit losses	$ 444,198	$ 476,552
Other assets	1,515,891	327,689
Operating lease liabilities	876,923	919,745
Other long-term liabilities	2,029,965	2,084,645
Stock-based compensation	116,052	156,677
Interest expense limitation	14,663,404	10,006,855
Net operating losses	1,100,232	2,215,118
Subtotal	20,746,665	16,187,281
Valuation allowance	(296,180)	(299,922)
Total	20,450,485	15,887,359
Deferred tax liabilities:
Prepaid expenses	(167,592)	(143,287)
Property and equipment	(5,309,534)	(5,834,727)
Intangibles	(86,868,274)	(107,978,326)
Total	(92,345,400)	(113,956,340)
Net deferred tax liabilities	$ (71,894,915)	$ (98,068,981)

Loss Per Share - Schedule of Ne

Loss Per Share - Schedule of Net Income Per Share (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net loss	$ (75,120,138)	$ (42,057,430)
Weighted-average shares outstanding:
Basic	29,893,722	29,473,989
Effect of dilutive restricted stock units and restricted stock	0	0
Diluted	29,893,722	29,473,989
Net loss per Class A and Class B common share — basic	$ (2.51)	$ (1.43)
Net loss per Class A and Class B common share — diluted	$ (2.51)	$ (1.43)

Loss Per Share - Additional inf

Loss Per Share - Additional information (Detail) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 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	85,800	140,170

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	1 Months Ended	12 Months Ended
	May 31, 2022 USD ($) shares	Dec. 31, 2023 USD ($) RadioStations	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Lease or rental expense		$ 11,565,713	$ 11,974,079
Proceeds from sale of tower		11,060,000	1,185,312
Operating lease right-of-use assets		34,767,126	38,478,756
Operating lease liabilities		41,523,227
Related Party [Member]
Related Party Transaction [Line Items]
Operating lease right-of-use assets		4,600,000	3,900,000
Operating lease liabilities		4,900,000	4,200,000
Beasley Broadcasting Management, LLC [Member]
Related Party Transaction [Line Items]
Lease or rental expense		$ 300,000	300,000
Lease agreement expiration date		Dec. 31, 2031
Beasley Family Towers Inc [Member] | August 31, 2030
Related Party Transaction [Line Items]
Lease agreement expiration date		Aug. 31, 2030
Repayment of prepaid rent to related party		$ 100,000	100,000
Beasley Family Towers Inc [Member] | Lease Agreements Three [Member]
Related Party Transaction [Line Items]
Lease or rental expense		$ 800,000	800,000
Lease agreement expiration date		Jan. 31, 2026
GGB Augusta, LLC [Member]
Related Party Transaction [Line Items]
Lease or rental expense		$ 52,000	48,000
Lease agreement expiration date		Oct. 31, 2028
GGB Las Vegas, LLC [Member]
Related Party Transaction [Line Items]
Lease or rental expense		$ 200,000	200,000
Lease agreement expiration date		Dec. 31, 2028
Wintersrun Communications, LLC
Related Party Transaction [Line Items]
Lease or rental expense		$ 100,000	100,000
Number of radio towers sold for radio station | RadioStations		1
Wintersrun Communications, LLC | Augusta GA [Member]
Related Party Transaction [Line Items]
Lease or rental expense		$ 31,000	31,000
Lease agreement expiration date		Oct. 15, 2025
Wintersrun Communications, LLC | Charlotte, NC [Member]
Related Party Transaction [Line Items]
Number of radio towers sold for radio station | RadioStations		1
Beasley Family Properties, LLC [Member]
Related Party Transaction [Line Items]
Lease or rental expense		$ 200,000	200,000
Lease agreement expiration date		Aug. 31, 2024
Mr.Joseph Harb [Member] | Loan to Interactive Life, Inc. [Member]
Related Party Transaction [Line Items]
Long term debt stated interest rate	8.625%
Payments to fund long-term loans to related parties	$ 250,000
Loan to related party maturity.	May 2024
Related party transaction common stock guaranteed | shares	3,333,334
Quu Inc [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Payments to application for digital revenue		$ 400,000	$ 400,000

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Payments to Third Parties for the Next Five Years and Thereafter (Detail)	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 25,393,981
2025	25,460,934
2026	8,328,829
2027	7,616,667
2028	7,418,334
Thereafter	14,075,000
Total	$ 88,293,745

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Inputs, Level 2 [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 173.2	$ 174

Segment Information - Summary o

Segment Information - Summary of Reportable Segment Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net revenue	$ 247,109,258	$ 256,381,018
Operating expenses	208,247,221	213,236,063
Corporate expenses	18,246,731	18,001,359
Depreciation and amortization	8,809,343	9,920,546
Impairment losses	99,797,025	52,874,470
Extinguishment of franchise fee	(6,000,000)
Gain on exchange	0	(3,350,539)
Operating income (loss)	(81,991,062)	(34,300,881)
Capital expenditures	4,189,554	13,679,311
Property and equipment, net	51,474,754	55,807,047
FCC licenses	393,006,900	487,249,798	$ 508,413,913
Goodwill	922,000	13,265,460	$ 28,596,547
Other intangibles, net	2,722,408	8,219,939
Audio [Member]
Segment Reporting Information [Line Items]
Net revenue	199,481,868	213,036,307
Operating expenses	163,608,414	173,011,492
Depreciation and amortization	7,013,118	6,277,953
Impairment losses	99,797,025	38,594,470
Gain on exchange		(3,350,539)
Operating income (loss)	(70,936,689)	(1,497,069)
Capital expenditures	3,901,609	13,160,276
Property and equipment, net	48,324,618	51,941,687
FCC licenses	393,006,900	487,249,798
Goodwill	0	10,582,360
Other intangibles, net	1,707,909	1,841,001
Digital [Member]
Segment Reporting Information [Line Items]
Net revenue	45,417,296	40,755,164
Operating expenses	40,844,592	36,398,687
Depreciation and amortization	188,790	102,402
Operating income (loss)	4,383,914	4,254,075
Capital expenditures	13,184	58,300
Property and equipment, net	95,003	112,693
Goodwill	922,000	922,000
Other intangibles, net	834,836	992,752
Other [Member]
Segment Reporting Information [Line Items]
Net revenue	2,210,094	2,589,547
Operating expenses	3,794,215	3,825,884
Depreciation and amortization	770,029	2,772,489
Impairment losses	0	14,280,000
Extinguishment of franchise fee	6,000,000
Operating income (loss)	3,645,850	(18,288,826)
Capital expenditures	25,534	59,084
Property and equipment, net	74,081	67,751
Goodwill	0	1,761,100
Other intangibles, net	0	5,206,523
Corporate [Member]
Segment Reporting Information [Line Items]
Corporate expenses	18,246,731	18,001,359
Depreciation and amortization	837,406	767,702
Operating income (loss)	(19,084,137)	(18,769,061)
Capital expenditures	249,227	401,651
Property and equipment, net	2,981,052	3,684,916
Other intangibles, net	$ 179,663	$ 179,663

Schedule I - Valuation and Qual

Schedule I - Valuation and Qualifying Accounts (Detail) - Valuation Allowance for Deferred Tax Assets [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 299,922	$ 305,043
Deductions	3,742	5,121
Balance at End of Period	$ 296,180	$ 299,922