Beasley Broadcast (BBGI) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Trading Symbol	BBGI
Entity Registrant Name	BEASLEY BROADCAST GROUP, INC.
Entity Central Index Key	0001099160
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	FL
Entity Tax Identification Number	65-0960915
Entity Address, Address Line One	3033 Riviera Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Naples
Entity Address, Postal Zip Code	34103
City Area Code	239
Local Phone Number	263-5000
Security Exchange Name	NASDAQ
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Entity File Number	000-29253
Entity Incorporation, State or Country Code	DE
Document Transition Report	false
Document Quarterly Report	true
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		938,690
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		833,137

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 27,802,179	$ 26,733,921
Accounts receivable, less allowance for credit losses of $1,752,058 in 2023 and $1,540,801 in 2024		49,111,535	53,424,196
Prepaid expenses		8,734,475	4,338,503
Other current assets		1,927,173	2,150,163
Total current assets		87,575,362	86,646,783
Property and equipment, net		48,768,141	51,474,754
Operating lease right-of-use assets		31,348,246	34,767,126
FCC licenses		393,006,900	393,006,900
Goodwill			922,000
Other intangibles, net		2,138,913	2,722,408
Other assets		8,641,225	4,727,967
Total assets		571,478,787	574,267,938
Current liabilities:
Accounts payable		19,137,663	14,299,048
Operating lease liabilities		8,250,391	8,082,981
Other current liabilities		27,304,666	25,913,827
Total current liabilities		54,692,720	48,295,856
Long-term debt, net of unamortized debt issuance costs		265,209,926	264,203,010
Operating lease liabilities		29,669,724	33,440,246
Deferred tax liabilities		68,641,044	71,894,915
Total liabilities		425,645,656	425,289,303
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital		153,567,083	152,794,353
Treasury stock, Class A Common Stock; 186,872 shares in 2023; 193,556 shares in 2024	[1]	(29,329,315)	(29,239,179)
Retained earnings		21,214,300	25,042,926
Accumulated other comprehensive income		346,484	346,484
Total stockholders' equity		145,833,131	148,978,635
Total liabilities and stockholders' equity		571,478,787	574,267,938
Class A Common Stock [Member]
Stockholders' equity:
Common stock		17,917	17,389
Class B Common Stock [Member]
Stockholders' equity:
Common stock		16,662	16,662
Due to Related Parties [Member]
Current liabilities:
Other long-term liabilities		31,985	55,019
Nonrelated Party [Member]
Current liabilities:
Other long-term liabilities		$ 7,400,257	$ 7,400,257
[1] The shares of Class A and Class B Common Stock have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See No te 15 fo r additional information.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Allowance for doubtful accounts	$ 1,540,801	$ 1,752,058
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	895,998	869,569
Common stock, shares outstanding	702,442	682,697
Treasury stock, Class A common stock shares	193,556	186,872
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	833,137	833,137
Common stock, shares outstanding	833,137	833,137

Condensed Consolidated Statemen

Condensed Consolidated Statements of Net Loss - USD ($)		3 Months Ended				9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Income Statement [Abstract]
Net revenue		$ 58,190,116		$ 60,119,757		$ 173,006,119		$ 181,360,600
Operating expenses:
Operating expenses		49,946,133		50,117,044		148,534,924		152,098,261
Corporate expenses		4,296,615		4,493,277		12,584,218		13,381,403
Depreciation and amortization		1,788,126		2,201,664		5,455,622		6,626,974
FCC licenses impairment losses				78,204,065				88,245,065
Goodwill impairment losses		922,000		10,582,360		922,000		10,582,360
Total operating expenses		56,952,874		145,598,410		167,496,764		270,934,063
Operating income (loss)		1,237,242		(85,478,653)		5,509,355		(89,573,463)
Non-operating income (expense):
Interest expense		(6,092,820)		(6,445,746)		(17,772,957)		(19,764,067)
Gain on sale of investment						6,026,776
Other income (expense), net		(75,120)		1,106,918		552,145		1,684,168
Loss before income taxes		(4,930,698)		(90,817,481)		(5,684,681)		(107,653,362)
Income tax benefit		(1,309,803)		(23,299,388)		(1,796,019)		(26,285,207)
Loss before equity in earnings of unconsolidated affiliates		(3,620,895)		(67,518,093)		(3,888,662)		(81,368,155)
Equity in earnings of unconsolidated affiliates, net of tax		60,320		(18,744)		60,036		(135,877)
Net loss		$ (3,560,575)		$ (67,536,837)		$ (3,828,626)		$ (81,504,032)
Net loss per Class A and Class B common share:
Basic		$ (2.33)	[1]	$ (45.08)	[1]	$ (2.52)	[2]	$ (54.58)	[2]
Diluted		$ (2.33)	[1]	$ (45.08)	[1]	$ (2.52)	[2]	$ (54.58)	[2]
Weighted average shares outstanding:
Basic	[3]	1,529,521	[1]	1,498,131	[1]	1,521,204	[2]	1,493,391	[2]
Diluted	[3]	1,529,521	[1]	1,498,131	[1]	1,521,204	[2]	1,493,391	[2]
[1] Weighted-average shares outstanding used in the computation of basic and diluted Net loss per Class A and Class B common share have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See N ote 15 for additional information. Weighted-average shares outstanding used in the computation of basic and diluted Net loss per Class A and Class B common share have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See No te 15 fo r additional information. Weighted-average shares outstanding used in the computation of basic and diluted Net loss attributable to BBGI stockholders per Class A and Class B common share have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See N ote 15 for a dditional information.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Net Loss (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock-based compensation			$ 773,258	$ 533,421
Station Operating Expenses [Member]
Stock-based compensation	$ 19,995	$ 37,041	55,912	109,261
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 338,211	$ 140,773	$ 717,346	$ 424,160

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net Income (Loss)	$ (67,536,837)	$ (3,828,626)	$ (81,504,032)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation		773,258	533,421
Provision for credit losses		742,185	1,006,830
Depreciation and amortization	2,201,664	5,455,622	6,626,974
FCC licenses impairment losses	78,204,065		88,245,065
Goodwill impairment losses	10,582,360	922,000	10,582,360
Amortization of loan fees		1,006,916	1,097,214
Gain on sale of investment		(6,026,776)
Gain on repurchases of long-term debt			(973,208)
Deferred income taxes		(3,253,871)	(26,977,992)
Equity in earnings of unconsolidated affiliates	18,744	(60,036)	135,877
Change in operating assets and liabilities:
Accounts receivable		3,570,476	7,989,945
Prepaid expenses		(4,395,972)	(5,558,093)
Other assets		(3,939,082)	2,572,946
Accounts payable		4,838,615	(3,964,866)
Other liabilities		1,120,813	(4,887,810)
Other operating activities		833,136	70,484
Net cash used in operating activities		(2,241,342)	(5,004,885)
Cash flows from investing activities:
Capital expenditures		(2,627,040)	(3,060,716)
Proceeds from dispositions			250,000
Proceeds from sale of investment		6,026,776
Net cash provided by (used in) investing activities		3,399,736	(2,810,716)
Cash flows from financing activities:
Payments on debt			(1,983,750)
Purchase of treasury stock		(90,136)	(69,838)
Net cash used in financing activities		(90,136)	(2,053,588)
Net increase (decrease) in cash and cash equivalents		1,068,258	(9,869,189)
Cash and cash equivalents at beginning of period		26,733,921	39,534,653
Cash and cash equivalents at end of period	$ 29,665,464	27,802,179	29,665,464
Cash paid for interest		23,028,749	24,946,655
Cash paid for income taxes		$ 351,975	$ 1,353,057

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (3,560,575)	$ (67,536,837)	$ (3,828,626)	$ (81,504,032)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
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

Interim Financial Statements

Interim Financial Statements	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements	(1) Interim Financial Statements The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of Beasley Broadcast Group, Inc. and its subsidiaries (the “Company”) included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the financial statements reflect all adjustments necessary for a fair statement of the financial position and results of operations for the interim periods presented, and all such adjustments are of a normal and recurring nature. The Company’s results are subject to seasonal fluctuations; therefore, the results shown on an interim basis are not necessarily indicative of results for the full year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Recent Accounting Pronouncements	(2) Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued guidance which requires additional disclosures primarily related to the Company's income tax rate reconciliation and income taxes paid. The guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied prospectively. The Company is currently in the process of reviewing the new guidance. In November 2023, the 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.

Proceeds from BMI Sale

Proceeds from BMI Sale	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Proceeds from BMI Sale	(3) Proceeds from BMI Sale On March 8, 2024, the Company received $ 6.0 million related to the sale of an investment in Broadcast Music, Inc. ("BMI") and recorded a gain of $ 6.0 million. The gain on sale of investment is reported in the accompanying condensed consolidated statement of net loss for the nine months ended September 30, 2024. After the sale, the Company no longer holds an investment in BMI.

Disposition

Disposition	9 Months Ended
	Sep. 30, 2024
Business Combinations [Abstract]
Disposition	(4) Disposition On September 11, 2023, the Company completed the sale of substantially all of the assets used in the operations of WWWE-AM 250,000 in cash.

FCC Licenses

FCC Licenses	9 Months Ended
	Sep. 30, 2024
FCC Licenses [Abstract]
FCC Licenses	(5) FCC Licenses Federal Communications Commission ("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 78.2 million related to the FCC licenses in each of its market clusters. The The fair values of the FCC licenses in each of the market clusters were estimated using an income approach. The income The key assumptions used in the discounted cash flow analyses are as 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 % During the second quarter of 2023, due to the potential sale of substantially all of the assets used in the operations of WJBR-FM 10.0 million related to the FCC license. The Company completed the sale of WJBR-FM on October 5, 2023.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(6) Goodwill Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Due to an increase in interest rates in the U.S. economy and a decrease in projected revenues, the Company tested its goodwill for 10.6 million related to the goodwill in its Philadelphia, PA market cluster. The impairment The fair value of the goodwill in the Philadelphia, PA market cluster was estimated using an income approach. The income The key assumptions used in the discounted cash flow analysis are as Revenue growth rates ( 9.3 )% - 1.4 % Operating income margin 27.9 % Discount rate 10.0 %

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	(7) Long-Term Debt Long-term debt is comprised of the following: December 31, September 30, 2023 2024 Secured notes $ 267,000,000 $ 267,000,000 Less unamortized debt issuance costs ( 2,796,990 ) ( 1,790,074 ) $ 264,203,010 $ 265,209,926 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 “Existing Notes”) under an indenture dated February 2, 2021 (the “Existing Notes Indenture”). Interest on the Existing 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 Existing 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. Prior to February 1, 2025, the Company will be subject to certain premiums, as defined in the Existing Notes Indenture, for optional or mandatory (upon certain contingent events) redemption of some or all of the Existing Notes. In the second quarter of 2023, the Company repurchased $ 3.0 million principal amount of the Existing 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. Subsequent to quarter end, on October 8, 2024, the Company completed certain refinancing transactions related to the Existing Notes. See Note 16 for additional information.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Stockholders' Equity	(8) Stockholders’ Equity The changes in stockholders’ equity are as follows: Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 Beginning balance $ 209,809,453 $ 149,088,151 $ 223,488,808 $ 148,978,635 Stock-based compensation 177,814 358,206 533,421 773,258 Purchase of treasury stock ( 2,071 ) ( 52,651 ) ( 69,838 ) ( 90,136 ) Net loss ( 67,536,837 ) ( 3,560,575 ) ( 81,504,032 ) ( 3,828,626 ) Ending balance $ 142,448,359 $ 145,833,131 $ 142,448,359 $ 145,833,131

Net Revenue

Net Revenue	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Net Revenue	(9) Net Revenue Net revenue is comprised of the following: Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 Audio $ 48,332,715 $ 46,889,920 $ 146,198,774 $ 137,748,127 Digital 11,177,881 11,300,196 33,455,935 35,257,992 Other 609,161 - 1,705,891 - $ 60,119,757 $ 58,190,116 $ 181,360,600 $ 173,006,119 The Company recognizes revenue when it satisfies a performance obligation under a contract with an advertiser. The transaction price is allocated to performance obligations based on executed contracts, which represent relative standalone selling prices. Payment is generally due within 30 days, although certain advertisers are required to pay in advance. Revenues are reported at the amount the Company expects to be entitled to receive under the contract. The Company has elected to use the practical expedient to expense sales commissions as incurred. Payments received from advertisers before the performance obligation is satisfied are recorded as deferred revenue in the balance sheets. Substantially all deferred revenue is recognized within 12 months of the payment date. December 31, September 30, 2023 2024 Deferred revenue $ 4,835,984 $ 7,021,361 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, September 30, 2023 2024 Trade sales receivable $ 1,417,692 $ 1,108,842 Trade sales payable 481,471 544,231 Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 Trade sales revenue $ 1,441,228 $ 1,680,660 $ 4,288,722 $ 4,156,738

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	(10) Stock-Based Compensation As a result of the Reverse Stock Split effected on September 23, 2024, consistent with the terms of the 2007 Plan and outstanding awards granted under the 2007 Plan, the total number of shares of Class A Common Stock issuable upon exercise, vesting or settlement of such awards and the total number of shares of Class A Common Stock remaining available for future awards under the 2007 Plan, as well as any share-based limits in the 2007 Plan, were proportionately reduced, and any fractional shares resulting therefrom were rounded down to the nearest whole share. Furthermore, the exercise prices of any outstanding options under the 2007 Plan were proportionately increased based on the Reverse Stock Split ratio, and the resulting exercise prices were rounded up to the nearest whole cent. All share and share-related information presented in the condensed consolidated financial statements, for all periods presented, has been retroactively adjusted to reflect the Reverse Stock Split. The 2007 Plan permits the Company to issue up to 375,000 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 July 1, 2024 47,438 $ 21.40 Granted 49,625 12.87 Vested ( 16,667 ) 13.68 Forfeited ( 1,250 ) 29.80 Unvested as of September 30, 2024 79,146 $ 17.59 As of September 30, 2024 , there was $ 0.8 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 2.1 years.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(11) Income Taxes The Company’s effective tax rate was ( 26 )% and ( 27 )% for the three months ended September 30, 2023 and 2024 , respectively, and ( 24 )% and ( 32 )% for the nine months ended September 30, 2023 and 2024 , respectively. These rates differ from the federal statutory rate of 21 % due to the effect of state income taxes and certain expenses that are not deductible for tax purposes.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	(12) Earnings Per Share Earnings per share calculation information is as follows: Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 Net loss attributable to BBGI stockholders $ ( 67,536,837 ) $ ( 3,560,575 ) $ ( 81,504,032 ) $ ( 3,828,626 ) Weighted-average shares outstanding(1): Basic 1,498,131 1,529,521 1,493,391 1,521,204 Effect of dilutive restricted stock units - - - - Diluted 1,498,131 1,529,521 1,493,391 1,521,204 Net loss attributable to BBGI stockholders per Class A and Class B common share – basic and diluted(1) $ ( 45.08 ) $ ( 2.33 ) $ ( 54.58 ) $ ( 2.52 ) (1) Weighted-average shares outstanding used in the computation of basic and diluted Net loss attributable to BBGI stockholders per Class A and Class B common share have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See N ote 15 for a dditional information. The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method when reporting a net loss as the addition of shares was anti-dilutive. As a result, the C ompany excluded 3,807 shares and 18,379 shares for the three months ended September 30, 2023 and 2024 , respectively, and 4,166 shares and 23,588 shares for the nine months ended September 30, 2023 and 2024 , respectively.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Financial Instruments	(13) 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 Existing Notes, based on available market information, was $ 173.2 million and $ 158.4 million as of December 31, 2023 and September 30, 2024 , respectively. The Company used Level 2 measurements under the fair value measurement hierarchy to determine the estimated fair value of the Existing Notes.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	(14) Segment Information The Company currently operates two operating and reportable segments (Audio and Digital). The Company also operated an Reportable segment information for the three months ended September 30, 2024 is as follows: Audio Digital Corporate Total Net revenue $ 46,889,920 $ 11,300,196 $ - $ 58,190,116 Operating expenses 39,516,786 10,429,347 - 49,946,133 Corporate expenses - - 4,296,615 4,296,615 Depreciation and amortization 1,566,575 36,801 184,750 1,788,126 Goodwill impairment losses - 922,000 - 922,000 Operating income (loss) $ 5,806,559 $ ( 87,952 ) $ ( 4,481,365 ) $ 1,237,242 Audio Digital Corporate Total Capital expenditures $ 417,497 $ ( 8,925 ) $ 233,617 $ 642,189 Reportable segment information for the three months ended September 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 48,332,715 $ 11,177,881 $ 609,161 $ - $ 60,119,757 Operating expenses 38,932,340 10,110,593 1,074,111 - 50,117,044 Corporate expenses - - - 4,493,277 4,493,277 Depreciation and amortization 1,741,376 47,397 199,979 212,912 2,201,664 FCC licenses impairment losses 78,204,065 - - - 78,204,065 Goodwill impairment losses 10,582,360 - - - 10,582,360 Operating income (loss) $ ( 81,127,426 ) $ 1,019,891 $ ( 664,929 ) $ ( 4,706,189 ) $ ( 85,478,653 ) Audio Digital Other Corporate Total Capital expenditures $ 1,026,120 $ 1,594 $ - $ 16,817 $ 1,044,531 Reportable segment information for the nine months ended September 30, 2024 is as follows: Audio Digital Corporate Total Net revenue $ 137,748,127 $ 35,257,992 $ - $ 173,006,119 Operating expenses 117,418,596 31,116,328 - 148,534,924 Corporate expenses - - 12,584,218 12,584,218 Depreciation and amortization 4,757,501 141,680 556,441 5,455,622 Goodwill impairment losses - 922,000 - 922,000 Operating income (loss) $ 15,572,030 $ 3,077,984 $ ( 13,140,659 ) $ 5,509,355 Audio Digital Corporate Total Capital expenditures $ 2,080,587 $ - $ 546,453 $ 2,627,040 Reportable segment information for the nine months ended September 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 146,198,774 $ 33,455,935 $ 1,705,891 $ - $ 181,360,600 Operating expenses 118,200,967 30,804,774 3,092,520 - 152,098,261 Corporate expenses - - - 13,381,403 13,381,403 Depreciation and amortization 5,253,581 141,364 595,746 636,283 6,626,974 FCC licenses impairment losses 88,245,065 - - - 88,245,065 Goodwill impairment losses 10,582,360 - - - 10,582,360 Operating income (loss) $ ( 76,083,199 ) $ 2,509,797 $ ( 1,982,375 ) $ ( 14,017,686 ) $ ( 89,573,463 ) Audio Digital Other Corporate Total Capital expenditures $ 2,975,897 $ 13,184 $ 25,534 $ 46,101 $ 3,060,716 Reportable segment information as of September 30, 2024 is as follows: Audio Digital Corporate Total Property and equipment, net $ 45,725,915 $ 71,162 $ 2,971,064 $ 48,768,141 FCC licenses 393,006,900 - - 393,006,900 Other intangibles, net 1,608,090 351,160 179,663 2,138,913 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

Reverse Stock Split

Reverse Stock Split	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Reverse Stock Split	(15) Reverse Stock Split On September 23, 2024, the Company effected the Reverse Stock Split. As a result of the Reverse Stock Split, every 20 shares of the Company’s Class A Common Stock issued and outstanding were automatically converted into one share of Class A Common Stock, and every 20 shares of the Company’s Class B Common Stock issued and outstanding were automatically converted into one share of Class B Common Stock. No fractional shares of Class A Common Stock or Class B Common Stock were issued in connection with the Reverse Stock Split. Holders of Class A Common Stock or Class B Common Stock received cash in lieu of fractional shares. The Reverse Stock Split had no effect on the par value of the Company’s Class A Common Stock or Class B Common Stock, which remained $ 0.001 per share, and had no effect on the number of authorized shares of the Company’s Class A Common Stock or Class B Common Stock. Following the Reverse Stock Split, the Class A Common Stock continued to be traded on the Nasdaq Capital Market under the symbol “BBGI” on a split-adjusted basis beginning on September 24, 2024. In addition, consistent with the terms of the 2007 Plan and outstanding awards granted under the 2007 Plan, the total number of shares of Class A Common Stock issuable upon exercise, vesting or settlement of such awards and the total number of shares of Class A Common Stock remaining available for future awards under the 2007 Plan, as well as any share-based limits in the 2007 Plan, were proportionately reduced, and any fractional shares resulting therefrom were rounded down to the nearest whole share. Furthermore, the exercise prices of any outstanding options under the 2007 Plan were proportionately increased based on the Reverse Stock Split ratio, and the resulting exercise prices were rounded up to the nearest whole cent. All share and share-related information presented in the condensed consolidated financial statements, for all periods presented, has been retroactively adjusted to reflect the decreased number of shares resulting from the Reverse Stock Split.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	(16) Subsequent Events On October 8, 2024 (the “Settlement Date”), Beasley Mezzanine Holdings, LLC (the “Issuer”), a wholly owned subsidiary of the Company, and certain other of the Company’s subsidiaries, completed: (i) the exchange (the “Exchange Offer”) of $ 194.7 million aggregate principal amount of the Existing Notes (representing 72.9 % of the aggregate principal amount outstanding of the Existing Notes) for (a) $ 184.9 million aggregate principal amount of the Issuer’s newly issued 9.200 % Senior Secured Second Lien Notes due August 1, 2028 (the “Exchange Notes”) at an exchange ratio of 95.0 % of the aggregate principal amount of the Existing Notes tendered for exchange, (b) 179,384 shares of Class A Common Stock of the Company, based upon pro rata ownership of the Exchange Notes issued by the Issuer, and (c) certain cash payments aggregating approximately $ 1.0 million, (ii) the purchase of $ 68.0 million aggregate principal amount of the Existing Notes at a purchase price of 62.5 % plus accrued and unpaid interest (such offer, the “Tender Offer”) and (iii) the issuance by the Issuer of $ 30.9 million aggregate principal amount of 11.000 % Senior Secured First Lien notes due 2028 (the “New Notes,” and such offering, the “New Notes Offer”) to holders of Existing Notes or their designees who participated in the Exchange Offer, including to certain backstop commitment parties who committed to purchase the New Notes not otherwise subscribed for. The Company received requisite con sents from holders of Existing Notes to (a) adopt certain amendments (the “Proposed Amendments”) to the Existing Notes Indenture and the related security documents and (b) execute a supplemental indenture (the “Supplemental Indenture”) to the Existing Notes Indenture and each relevant ancillary document effecting the Proposed Amendments. The Company used the proceeds from the New Notes Offer of $ 30.0 million to fund, in part, the purchase of Existing Notes tendered in the Tender Offer. On the Settlement Date, the Issuer entered into (i) a new indenture (the “New Notes Indenture”) governing its New Notes, which are fully and unconditionally secured by substantially all of the assets, other than certain excluded property, of the Issuer and the guarantors (the “Collateral”) on a senior secured first-priority lien basis, subject to certain exceptions, limitations and permitted liens and (ii) a new indenture (the “Exchange Notes Indenture”) governing its Exchange Notes, which are fully and unconditionally secured by liens on the Collateral on a senior secured second-priority lien basis, subject to certain exceptions, limitations and permitted liens, in each case with the guarantors thereto and Wilmington Trust, National Association, as trustee and collateral agent, with respect to both the Exchange Notes Indenture and New Notes Indenture. The New Notes Indenture and the Exchange Notes Indenture contain 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. On the Settlement Date, the Issuer also entered into the Supplemental Indenture with Wilmington Trust, National Association, as trustee and collateral agent, supplementing the Existing Notes Indenture. On the Settlement Date, the Company entered into a common stock purchase agreement for the issuance and sale of 56,864 shares of Class A Common Stock of the Company to Beasley Family Towers, LLC at an offering price of approximately $ 12.31 per share, for gross proceeds of $ 700,000 . The Company used the net proceeds to fund a portion of the cash payment made to the exchanging holders in the Exchange Offer, and for other corporate purposes. As of September 30, 2024, the Company has incurred approximately $ 3.5 million in debt restructuring costs which are currently recorded in other assets on the balance sheet. These costs primarily consist of legal fees, financial advisory services, and other professional expenses directly related to the debt restructuring. The Company is currently evaluating the appropriate accounting treatment for these costs and expects to complete its analysis during the fourth quarter of 2024. Based on the outcome of this evaluation, a portion of these costs may be reclassified from other assets to debt issuance costs, or expensed in the fourth quarter of 2024.

FCC Licenses (Tables)

FCC Licenses (Tables)	9 Months Ended
	Sep. 30, 2024
FCC Licenses [Abstract]
Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as 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 %

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2024
Philadelphia, PA Market Cluster
Goodwill [Line Items]
Summary of Key Assumptions Used in the Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analysis are as Revenue growth rates ( 9.3 )% - 1.4 % Operating income margin 27.9 % Discount rate 10.0 %

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, September 30, 2023 2024 Secured notes $ 267,000,000 $ 267,000,000 Less unamortized debt issuance costs ( 2,796,990 ) ( 1,790,074 ) $ 264,203,010 $ 265,209,926

Stockholders Equity (Tables)

Stockholders Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Changes in Stockholders Equity	The changes in stockholders’ equity are as follows: Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 Beginning balance $ 209,809,453 $ 149,088,151 $ 223,488,808 $ 148,978,635 Stock-based compensation 177,814 358,206 533,421 773,258 Purchase of treasury stock ( 2,071 ) ( 52,651 ) ( 69,838 ) ( 90,136 ) Net loss ( 67,536,837 ) ( 3,560,575 ) ( 81,504,032 ) ( 3,828,626 ) Ending balance $ 142,448,359 $ 145,833,131 $ 142,448,359 $ 145,833,131

Net Revenue (Tables)

Net Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Net revenue is comprised of the following: Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 Audio $ 48,332,715 $ 46,889,920 $ 146,198,774 $ 137,748,127 Digital 11,177,881 11,300,196 33,455,935 35,257,992 Other 609,161 - 1,705,891 - $ 60,119,757 $ 58,190,116 $ 181,360,600 $ 173,006,119
Deferred Revenue	December 31, September 30, 2023 2024 Deferred revenue $ 4,835,984 $ 7,021,361
Trade Sale Revenue	December 31, September 30, 2023 2024 Trade sales receivable $ 1,417,692 $ 1,108,842 Trade sales payable 481,471 544,231 Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 Trade sales revenue $ 1,441,228 $ 1,680,660 $ 4,288,722 $ 4,156,738 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 sales 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 (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Restricted Stock Units	A summary of restricted stock unit activity is presented below: Units Weighted-Average Grant-Date Fair Value Unvested as of July 1, 2024 47,438 $ 21.40 Granted 49,625 12.87 Vested ( 16,667 ) 13.68 Forfeited ( 1,250 ) 29.80 Unvested as of September 30, 2024 79,146 $ 17.59

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Earnings per share calculation information is as follows: Three months ended September 30, Nine months ended September 30, 2023 2024 2023 2024 Net loss attributable to BBGI stockholders $ ( 67,536,837 ) $ ( 3,560,575 ) $ ( 81,504,032 ) $ ( 3,828,626 ) Weighted-average shares outstanding(1): Basic 1,498,131 1,529,521 1,493,391 1,521,204 Effect of dilutive restricted stock units - - - - Diluted 1,498,131 1,529,521 1,493,391 1,521,204 Net loss attributable to BBGI stockholders per Class A and Class B common share – basic and diluted(1) $ ( 45.08 ) $ ( 2.33 ) $ ( 54.58 ) $ ( 2.52 ) (1) Weighted-average shares outstanding used in the computation of basic and diluted Net loss attributable to BBGI stockholders per Class A and Class B common share have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See N ote 15 for a dditional information.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Summary of reportable segment information	Reportable segment information for the three months ended September 30, 2024 is as follows: Audio Digital Corporate Total Net revenue $ 46,889,920 $ 11,300,196 $ - $ 58,190,116 Operating expenses 39,516,786 10,429,347 - 49,946,133 Corporate expenses - - 4,296,615 4,296,615 Depreciation and amortization 1,566,575 36,801 184,750 1,788,126 Goodwill impairment losses - 922,000 - 922,000 Operating income (loss) $ 5,806,559 $ ( 87,952 ) $ ( 4,481,365 ) $ 1,237,242 Audio Digital Corporate Total Capital expenditures $ 417,497 $ ( 8,925 ) $ 233,617 $ 642,189 Reportable segment information for the three months ended September 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 48,332,715 $ 11,177,881 $ 609,161 $ - $ 60,119,757 Operating expenses 38,932,340 10,110,593 1,074,111 - 50,117,044 Corporate expenses - - - 4,493,277 4,493,277 Depreciation and amortization 1,741,376 47,397 199,979 212,912 2,201,664 FCC licenses impairment losses 78,204,065 - - - 78,204,065 Goodwill impairment losses 10,582,360 - - - 10,582,360 Operating income (loss) $ ( 81,127,426 ) $ 1,019,891 $ ( 664,929 ) $ ( 4,706,189 ) $ ( 85,478,653 ) Audio Digital Other Corporate Total Capital expenditures $ 1,026,120 $ 1,594 $ - $ 16,817 $ 1,044,531 Reportable segment information for the nine months ended September 30, 2024 is as follows: Audio Digital Corporate Total Net revenue $ 137,748,127 $ 35,257,992 $ - $ 173,006,119 Operating expenses 117,418,596 31,116,328 - 148,534,924 Corporate expenses - - 12,584,218 12,584,218 Depreciation and amortization 4,757,501 141,680 556,441 5,455,622 Goodwill impairment losses - 922,000 - 922,000 Operating income (loss) $ 15,572,030 $ 3,077,984 $ ( 13,140,659 ) $ 5,509,355 Audio Digital Corporate Total Capital expenditures $ 2,080,587 $ - $ 546,453 $ 2,627,040 Reportable segment information for the nine months ended September 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 146,198,774 $ 33,455,935 $ 1,705,891 $ - $ 181,360,600 Operating expenses 118,200,967 30,804,774 3,092,520 - 152,098,261 Corporate expenses - - - 13,381,403 13,381,403 Depreciation and amortization 5,253,581 141,364 595,746 636,283 6,626,974 FCC licenses impairment losses 88,245,065 - - - 88,245,065 Goodwill impairment losses 10,582,360 - - - 10,582,360 Operating income (loss) $ ( 76,083,199 ) $ 2,509,797 $ ( 1,982,375 ) $ ( 14,017,686 ) $ ( 89,573,463 ) Audio Digital Other Corporate Total Capital expenditures $ 2,975,897 $ 13,184 $ 25,534 $ 46,101 $ 3,060,716 Reportable segment information as of September 30, 2024 is as follows: Audio Digital Corporate Total Property and equipment, net $ 45,725,915 $ 71,162 $ 2,971,064 $ 48,768,141 FCC licenses 393,006,900 - - 393,006,900 Other intangibles, net 1,608,090 351,160 179,663 2,138,913 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

Interim Financial Statements -

Interim Financial Statements - Additional Information (Details)	Sep. 23, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Reverse stock split	1-for-20
Common Class A [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Reverse stock split, conversion ratio	0.05
Common Class B [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Reverse stock split, conversion ratio	0.05

Proceeds from BMI Sale - Additi

Proceeds from BMI Sale - Additional Information (Details) - USD ($)		9 Months Ended
	Mar. 08, 2024	Sep. 30, 2024
Net Investment Income [Line Items]
Gain on sale of investment		$ 6,026,776
Broadcast Music, Inc. [Member]
Net Investment Income [Line Items]
Proceeds from sale of investments	$ 6,000,000
Gain on sale of investment	$ 6,000,000

Summary of Significant Accounti

Summary of Significant Accounting Policies - Summary of Credit Losses on Accounts Receivable (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Allowance for Credit Loss [Abstract]
Provision for credit losses	$ 742,185	$ 1,006,830

Disposition - Additional Inform

Disposition - Additional Information (Detail) - USD ($)		9 Months Ended
	Sep. 11, 2024	Sep. 30, 2023
Business Acquisition [Line Items]
Proceeds from dispositions		$ 250,000
Atlanta, GA | WWWE-AM
Business Acquisition [Line Items]
Proceeds from dispositions	$ 250,000

FCC Licenses - Summary of Disco

FCC Licenses - Summary of Discounted Cash Flow Analyses (Details)	9 Months Ended
	Sep. 30, 2024
Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates	10%
Minimum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market Revenue Shares at Maturity	0.40%
Operating income margins at maturity	19.70%
Minimum [Member] | Measurement Input, Long-Term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates	(1.20%)
Maximum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market Revenue Shares at Maturity	44.70%
Operating income margins at maturity	30.40%
Maximum [Member] | Measurement Input, Long-Term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Revenue growth rates	1.80%

FCC Licenses - Additional Infor

FCC Licenses - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill	$ 78,204,065		$ 88,245,065
Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill	$ 78,200,000
WJBR-FM in Wilmington DE [Member] | Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill		$ 10,000,000

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill [Line Items]
Goodwill impairment losses	$ 922,000	$ 10,582,360	$ 922,000	$ 10,582,360
Philadelphia, PA Market Cluster
Goodwill [Line Items]
Goodwill impairment losses		$ 10,600,000

Goodwill - Summary of Key Assum

Goodwill - Summary of Key Assumptions Used in the Discounted Cash Flow Analyses (Detail)	9 Months Ended
	Sep. 30, 2024
Measurement Input Discount Rate
Goodwill [Line Items]
Revenue growth rates	10%
Minimum [Member]
Goodwill [Line Items]
Operating income margins	19.70%
Minimum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates	(1.20%)
Maximum [Member]
Goodwill [Line Items]
Operating income margins	30.40%
Maximum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates	1.80%
Philadelphia, PA Market Cluster | Goodwill [Member]
Goodwill [Line Items]
Operating income margins	27.90%
Philadelphia, PA Market Cluster | Goodwill [Member] | Measurement Input Discount Rate
Goodwill [Line Items]
Revenue growth rates	10%
Philadelphia, PA Market Cluster | Minimum [Member] | Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates	(9.30%)
Philadelphia, PA Market Cluster | Maximum [Member] | Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates	1.40%

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Less unamortized debt issuance costs	$ (1,790,074)	$ (2,796,990)
Long-term debt	265,209,926	264,203,010
Secured Notes [Member]
Line of Credit Facility [Line Items]
Secured notes	$ 267,000,000	$ 267,000,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Jun. 30, 2023	Sep. 30, 2023	Feb. 02, 2021
Long-Term Debt [Line Items]
Gain on repurchase of debt		$ 973,208
Promissory Note [Member]
Long-Term Debt [Line Items]
Debt instrument, repurchased amount	$ 3,000,000
Debt instrument, redeemed percentage	66%
Gain on repurchase of debt	$ 1,000,000
8.625% senior secured notes due on February 1, 2026
Long-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			8.625%
Debt instrument face value			$ 300,000,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Stockholders Equity (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Beginning balance	$ 149,088,151	$ 209,809,453	$ 148,978,635	$ 223,488,808
Stock-based compensation	358,206	177,814	773,258	533,421
Purchase of treasury stock	(52,651)	(2,071)	(90,136)	(69,838)
Net Income (Loss)	(3,560,575)	(67,536,837)	(3,828,626)	(81,504,032)
Ending balance	$ 145,833,131	$ 142,448,359	$ 145,833,131	$ 142,448,359

Net Revenue - Composition of Re

Net Revenue - Composition of Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net revenue	$ 58,190,116	$ 60,119,757	$ 173,006,119	$ 181,360,600
Audio [Member]
Disaggregation of Revenue [Line Items]
Net revenue	46,889,920	48,332,715	137,748,127	146,198,774
Digital [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 11,300,196	11,177,881	$ 35,257,992	33,455,935
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenue		$ 609,161		$ 1,705,891

Net Revenue - Deferred Revenue

Net Revenue - Deferred Revenue (Detail) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 7,021,361	$ 4,835,984

Net Revenue - Trade Sale Revenu

Net Revenue - Trade Sale Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 1,108,842		$ 1,108,842		$ 1,417,692
Trade sales payable	544,231		544,231		$ 481,471
Trade sales revenue	$ 1,680,660	$ 1,441,228	$ 4,156,738	$ 4,288,722

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock granted | $	$ 0.8
Cost expected to be recognized over a weighted-average period	2 years 1 month 6 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	5 years
Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized | shares	375,000

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units (Detail) - 2007 Plan [Member] - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	47,438
Granted, Shares | shares	49,625
Vested, Shares | shares	(16,667)
Forfeited, Shares | shares	(1,250)
Unvested Shares, Ending Balance | shares	79,146
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 21.4
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	12.87
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	13.68
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	29.8
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 17.59

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Federal statutory rate			21%
Effective tax rate	(27.00%)	(26.00%)	(32.00%)	(24.00%)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share (Detail) - USD ($)		3 Months Ended				9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Earnings Per Share [Abstract]
Net loss attributable to BBGI stockholders		$ (3,560,575)		$ (67,536,837)		$ (3,828,626)		$ (81,504,032)
Weighted-average shares outstanding:
Basic	[1]	1,529,521	[2]	1,498,131	[2]	1,521,204	[3]	1,493,391	[3]
Effect of dilutive restricted stock units	[1]	0		0		0		0
Diluted	[1]	1,529,521	[2]	1,498,131	[2]	1,521,204	[3]	1,493,391	[3]
Net loss attributable to BBGI stockholders per Class A and Class B common share - basic		$ (2.33)	[2]	$ (45.08)	[2]	$ (2.52)	[3]	$ (54.58)	[3]
Net loss attributable to BBGI stockholders per Class A and Class B common share - diluted		$ (2.33)	[2]	$ (45.08)	[2]	$ (2.52)	[3]	$ (54.58)	[3]
[1] Weighted-average shares outstanding used in the computation of basic and diluted Net loss attributable to BBGI stockholders per Class A and Class B common share have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See N ote 15 for a dditional information. Weighted-average shares outstanding used in the computation of basic and diluted Net loss per Class A and Class B common share have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See N ote 15 for additional information. Weighted-average shares outstanding used in the computation of basic and diluted Net loss per Class A and Class B common share have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See No te 15 fo r additional information.

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Earnings Per Share (Parenthetical) (Details)	Sep. 23, 2024
Earnings Per Share [Abstract]
Reverse stock split	1-for-20

Earnings Per Share - Additional

Earnings Per Share - Additional information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
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	18,379	3,807	23,588	4,166

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Inputs, Level 2 [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 158.4	$ 173.2

Segment Information - Summary o

Segment Information - Summary of Reportable Segment Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net revenue	$ 58,190,116	$ 60,119,757	$ 173,006,119	$ 181,360,600
Operating expenses	49,946,133	50,117,044	148,534,924	152,098,261
Corporate expenses	4,296,615	4,493,277	12,584,218	13,381,403
Depreciation and amortization	1,788,126	2,201,664	5,455,622	6,626,974
FCC licenses impairment losses		78,204,065		88,245,065
Goodwill impairment losses	922,000	10,582,360	922,000	10,582,360
Operating income (loss)	1,237,242	(85,478,653)	5,509,355	(89,573,463)
Capital expenditures	642,189	1,044,531	2,627,040	3,060,716
Property and equipment, net	48,768,141		48,768,141		$ 51,474,754
FCC licenses	393,006,900		393,006,900		393,006,900
Goodwill					922,000
Other intangibles, net	2,138,913		2,138,913		2,722,408
Audio [Member]
Segment Reporting Information [Line Items]
Net revenue	46,889,920	48,332,715	137,748,127	146,198,774
Operating expenses	39,516,786	38,932,340	117,418,596	118,200,967
Depreciation and amortization	1,566,575	1,741,376	4,757,501	5,253,581
FCC licenses impairment losses		78,204,065		88,245,065
Goodwill impairment losses		10,582,360		10,582,360
Operating income (loss)	5,806,559	(81,127,426)	15,572,030	(76,083,199)
Capital expenditures	417,497	1,026,120	2,080,587	2,975,897
Property and equipment, net	45,725,915		45,725,915		48,324,618
FCC licenses	393,006,900		393,006,900		393,006,900
Other intangibles, net	1,608,090		1,608,090		1,707,909
Digital [Member]
Segment Reporting Information [Line Items]
Net revenue	11,300,196	11,177,881	35,257,992	33,455,935
Operating expenses	10,429,347	10,110,593	31,116,328	30,804,774
Depreciation and amortization	36,801	47,397	141,680	141,364
Goodwill impairment losses	922,000		922,000
Operating income (loss)	(87,952)	1,019,891	3,077,984	2,509,797
Capital expenditures	(8,925)	1,594		13,184
Property and equipment, net	71,162		71,162		95,003
Goodwill					922,000
Other intangibles, net	351,160		351,160		834,836
Other [Member]
Segment Reporting Information [Line Items]
Net revenue		609,161		1,705,891
Operating expenses		1,074,111		3,092,520
Depreciation and amortization		199,979		595,746
Operating income (loss)		(664,929)		(1,982,375)
Capital expenditures				25,534
Property and equipment, net					74,081
Corporate [Member]
Segment Reporting Information [Line Items]
Corporate expenses	4,296,615	4,493,277	12,584,218	13,381,403
Depreciation and amortization	184,750	212,912	556,441	636,283
Operating income (loss)	(4,481,365)	(4,706,189)	(13,140,659)	(14,017,686)
Capital expenditures	233,617	$ 16,817	546,453	$ 46,101
Property and equipment, net	2,971,064		2,971,064		2,981,052
Other intangibles, net	$ 179,663		$ 179,663		$ 179,663

Reverse Stock Split - Additiona

Reverse Stock Split - Additional Information (Details)	Sep. 23, 2024 $ / shares	Sep. 30, 2024 $ / shares	Dec. 31, 2023 $ / shares
Class A Common Stock [Member]
Stockholders' Equity [Line Items]
Reverse stock split, conversion ratio	0.05
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Class B Common Stock [Member]
Stockholders' Equity [Line Items]
Reverse stock split, conversion ratio	0.05
Common stock, par value	$ 0.001	$ 0.001	$ 0.001

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($)		3 Months Ended
	Oct. 08, 2024	Jun. 30, 2023	Sep. 30, 2024
Subsequent Event [Line Items]
Proceeds from the new notes	$ 30,000,000
Debt restructuring costs			$ 3,500,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Debt conversion, payment for converting instrument	1,000,000
Promissory Note [Member]
Subsequent Event [Line Items]
Debt instrument, redeemed percentage		66%
Promissory Note [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt instrument face value	$ 194,700,000
Debt instrument, redeemed percentage	72.90%
Debt instrument, repurchase amount	$ 68,000,000
Debt instrument, purchase price, percentage	62.50%
Class A Common Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Shares issued upon conversion of principal amount of existing notes	179,384
9.200% Senior Secured Second Lien Notes due on August 1, 2028 | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt instrument face value	$ 184,900,000
Debt instrument, interest rate, stated percentage	9.20%
Debt conversion, converted instrument, rate	95%
11.000% Senior Secured First Lien notes due 2028 | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt instrument face value	$ 30,900,000
Debt instrument, interest rate, stated percentage	11%
Stock Purchase Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds from issuance of common stock	$ 700,000
Stock Purchase Agreement [Member] | Class A Common Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Share issued	56,864
Shares issued price per share	$ 12.31