Beasley Broadcast (BBGI) 10-K 19 Feb 21 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2020	Feb. 08, 2021	Jun. 30, 2020
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
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
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock
Entity Public Float			$ 19,906,640
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12,692,074
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, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 20,759,432	$ 18,648,171
Accounts receivable, less allowance for doubtful accounts of $2,145,599 in 2019 and $5,033,035 in 2020	47,395,423	54,577,452
Prepaid expenses	2,486,860	3,516,766
Other current assets	6,883,554	2,915,654
Total current assets	77,525,269	79,658,043
Property and equipment, net	53,667,550	53,813,602
Operating lease right-of-use assets	34,419,663	39,768,910
Finance lease right-of-use assets	333,333	346,667
FCC licenses	508,558,355	517,529,167
Goodwill	28,596,547	28,596,547
Other intangibles, net	25,859,192	29,333,230
Other assets	9,654,447	11,014,063
Total assets	738,614,356	760,060,229
Current liabilities:
Current installments of long-term debt		7,500,000
Accounts payable	12,395,407	10,323,408
Operating lease liabilities	7,006,194	7,234,492
Finance lease liabilities	70,171	70,192
Other current liabilities	20,988,441	28,064,367
Total current liabilities	40,460,213	53,192,459
Due to related parties	5,621,364	565,617
Long-term debt, net of current installments and unamortized debt issuance costs	258,345,380	248,712,452
Operating lease liabilities	29,632,908	34,837,804
Finance lease liabilities	1,945	75,020
Deferred tax liabilities	120,913,983	121,130,996
Other long-term liabilities	16,536,743	17,073,923
Total liabilities	471,512,536	475,588,271
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	154,004,965	153,254,599
Treasury stock, Class A common stock; 4,493,181 shares in 2019; 3,253,691 shares in 2020	(28,187,857)	(30,662,332)
Retained earnings	143,304,213	162,350,145
Accumulated other comprehensive income	(1,426,619)	(436,338)
Total stockholders' equity	267,727,294	284,538,540
Noncontrolling interests	(625,474)	(66,582)
Total equity	267,101,820	284,471,958
Total liabilities and equity	738,614,356	760,060,229
Class A Common Stock [Member]
Stockholders' equity:
Common stock	15,930	15,804
Class B Common Stock [Member]
Stockholders' equity:
Common stock	$ 16,662	$ 16,662

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 5,033,035	$ 2,145,599
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Treasury stock, Class A common stock shares	3,253,691	4,493,181
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	15,930,765	15,805,432
Common stock, shares outstanding	12,677,074	11,312,251
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 Income - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net revenue	$ 206,143,861	$ 261,554,114
Operating expenses:
Operating expenses (including stock-based compensation of $359,657 in 2019 and $333,012 in 2020 and excluding depreciation and amortization shown separately below)	182,181,555	201,107,084
Corporate expenses (including stock-based compensation of $1,759,061 in 2019 and $417,658 in 2020)	15,628,370	21,209,432
Transaction expenses		768,945
Depreciation and amortization	11,096,937	7,349,682
Impairment losses	8,970,812	13,657,941
Gain on dispositions	(4,439,710)	(20,657,360)
Other operating (income) expenses, net	(3,000,000)
Total operating expenses	210,437,964	223,435,724
Operating income (loss)	(4,294,103)	38,118,390
Non-operating income (expense):
Interest expense	(16,894,407)	(18,032,669)
Loss on modification of long-term debt	(2,798,789)
Other income (expense), net	88,030	(246,155)
Income (loss) before income taxes	(23,899,269)	19,839,566
Income tax expense (benefit)	(5,185,992)	6,597,751
Income (loss) before equity in earnings of unconsolidated affiliates	(18,713,277)	13,241,815
Equity in earnings of unconsolidated affiliates, net of tax	(160,879)	141,827
Net income (loss)	(18,874,156)	13,383,642
Earnings attributable to noncontrolling interest	1,108,234	66,582
Net income (loss) attributable to BBGI stockholders	(17,765,922)	13,450,224
Other comprehensive loss:
Unrecognized actuarial losses on postretirement plans (net of income tax benefit of $188,505 in 2019 and $355,662 in 2020)	(990,281)	(524,223)
Comprehensive income (loss)	$ (18,756,203)	$ 12,926,001
Net income (loss) attributable to BBGI stockholders per Class A and B common share:
Basic	$ (0.63)	$ 0.49
Diluted	(0.63)	0.48
Dividends declared per common share	$ 0.05	$ 0.20
Weighted average shares outstanding:
Basic	28,386,456	27,730,392
Diluted	28,386,456	27,777,850

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stock-based compensation	$ 750,670	$ 2,118,718
Unrecognized actuarial gains (losses) on postretirement plans, income tax benefit	355,662	188,505
Station Operating Expenses [Member]
Stock-based compensation	333,012	359,657
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 417,658	$ 1,759,061

Consolidated Statements of Shar

Consolidated Statements of Shareholders' 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 [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Beginning balance at Dec. 31, 2018	$ 275,034,091	$ 15,334	$ 16,662	$ 149,963,252	$ (30,447,597)	$ 155,398,555	$ 87,885	$ (66,582)
Beginning Balance, shares at Dec. 31, 2018		15,334,336	16,662,743		(4,426,027)
Change in accounting principle	(935,916)					(935,916)
Issuance of common stock	1,172,625	$ 285		1,172,340
Issuance of common stock, shares		285,296
Stock-based compensation	2,118,718	$ 185		2,118,533
Stock-based compensation, shares		185,800
Adjustment from related party acquisition	474			474
Purchase of treasury stock	(214,735)				$ (214,735)
Purchase of treasury stock, shares					(67,154)
Net income (loss)	13,383,642					13,450,224		(66,582)
Cash dividends, per common share	(5,562,718)					(5,562,718)
Other comprehensive loss	(524,223)						(524,223)
Ending balance at Dec. 31, 2019	284,471,958	$ 15,804	$ 16,662	153,254,599	$ (30,662,332)	162,350,145	(436,338)
Ending Balance, shares at Dec. 31, 2019		15,805,432	16,662,743		(4,493,181)
Issuance of common stock	2,540,426				$ 2,540,426
Issuance of common stock, shares					1,276,596
Stock-based compensation	750,670	$ 126		750,544
Stock-based compensation, shares		125,333
Adjustment from related party acquisition	(178)			(178)
Purchase of treasury stock	$ (65,951)				$ (65,951)
Purchase of treasury stock, shares	(37,106)				(37,106)
Net income (loss)	$ (18,874,156)					(17,765,921)		(1,108,235)
Cash dividends, per common share	(1,398,321)					(1,398,321)
Other comprehensive loss	(990,281)						(990,281)
Noncontrolling interest created in consolidation	667,653					118,310		549,343
Ending balance at Dec. 31, 2020	$ 267,101,820	$ 15,930	$ 16,662	$ 154,004,965	$ (28,187,857)	$ 143,304,213	$ (1,426,619)	$ (625,474)
Ending Balance, shares at Dec. 31, 2020		15,930,765	16,662,743		(3,253,691)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Retained Earnings [Member]
Cash dividends, per common share	$ 0.05	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (18,874,156)	$ 13,383,642
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation	750,670	2,118,718
Provision for bad debts	5,206,423	692,460
Depreciation and amortization	11,096,937	7,349,682
Impairment losses	8,970,812	13,657,941
Gain on dispositions	(4,439,710)	(20,657,360)
Other operating gain	(4,000,000)
Non-cash interest expense	290,426
Amortization of loan fees	1,915,302	1,935,932
Loss on modification of long-term debt	2,798,789
Deferred income taxes	(129,005)	(1,753,952)
Equity in earnings of unconsolidated affiliates	160,879	(141,827)
Change in operating assets and liabilities:
Accounts receivable	1,975,606	(2,852,760)
Prepaid expenses	1,029,906	(382,010)
Other assets	(1,974,787)	(239,601)
Accounts payable	2,071,999	712,257
Other liabilities	(3,034,217)	6,813,784
Other operating activities	398,442	354,318
Net cash provided by operating activities	4,214,316	20,991,224
Cash flows from investing activities:
Payments for acquisitions		(17,264,484)
Capital expenditures	(7,477,182)	(9,030,025)
Proceeds from dispositions	4,631,566	26,349,462
Payments for investments	(1,000,000)	(5,009,999)
Net cash used in investing activities	(3,845,616)	(4,955,046)
Cash flows from financing activities:
Issuance of debt	14,000,000	11,000,000
Payments on debt	(6,750,000)	(16,000,000)
Payments of debt issuance costs	(2,581,163)
Reduction of finance lease liabilities	(64,821)	(67,492)
Dividends paid	(2,795,504)	(5,539,608)
Purchase of treasury stock	(65,951)	(214,735)
Net cash provided by (used in) financing activities	1,742,561	(10,821,835)
Net increase in cash and cash equivalents	2,111,261	5,214,343
Cash and cash equivalents at beginning of period	18,648,171	13,433,828
Cash and cash equivalents at end of period	20,759,432	18,648,171
Cash paid for interest	14,439,991	16,377,994
Cash paid for income taxes	965,029	4,253,747
Supplement disclosure of non-cash investing and financing activities:
Dividends declared but unpaid		1,396,621
Media advertising exchanged for investment		1,000,000
Note issued to seller for acquisition		16,500,000
Liability assumed from seller for acquisition		10,000,000
Class A Common Stock [Member]
Supplement disclosure of non-cash investing and financing activities:
Class A common stock issued from treasury for debt repayment	$ 2,250,000
Class A common stock issued for acquisition		198,500
Class A common stock issued for investment		$ 974,125

Nature of Business

Nature of Business	12 Months Ended
	Dec. 31, 2020
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 one reportable business segment 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 radio stations in the following radio markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, West Palm Beach-Boca Raton, FL, and Wilmington, DE. The Company also now operates an esports segment, however, it does not exceed the thresholds for separate disclosure. COVID-19 In March 2020, coronavirus disease 2019 (“COVID-19”) COVID-19 COVID-19 COVID-19 COVID-19 Beginning in March 2020, the Company implemented certain expense control initiatives, such as reductions in compensation for management and other employees, reductions in planned capital expenditures, negotiated vendor pricing reductions, furloughs and headcount reductions for certain employees and suspensions of new employee hiring and travel and entertainment expenses. These initiatives continued reducing the Company’s expenses throughout the remainder of 2020 and the Company expects expense reductions to continue into 2021. The board of directors also suspended future quarterly dividend payments until it is determined that resumption of dividend payments is in the best interest of the Company’s stockholders. The COVID-19 right-of-use

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
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 and its investments in OutlawsXP, Inc. (“Outlaws”) and Renegades Holdings, Inc. (“Renegades”). The Company holds an approximately 90% economic interest in Outlaws and an approximately 51% economic interest in Renegades. Net assets and results of operations for Outlaws and Renegades as of and for the years ended December 31, 2019 and 2020 are not significant. 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 doubtful accounts; (ii) future cash flows used for testing recoverability of property and equipment; (iii) fair values used for testing FCC licenses and goodwill for impairment; (iv) estimates used to determine the incremental borrowing rate to record lease liabilities and related right-of-use 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 doubtful accounts. The allowance for doubtful accounts reflects management’s estimate of probable losses in accounts receivable. 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. Interest is not accrued on accounts receivable. 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 radio market clusters. See Note 5 for changes in the carrying amount of FCC licenses for the years ended December 31, 2019 and 2020. The weighted-average period before the next renewal of the Company’s FCC licenses is 4.4 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 radio market clusters and the Outlaws as its reporting units. See Note 6 for changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2020. Other Intangibles Other intangibles include advertiser relationships, franchise rights and sponsorship base, which are amortized over their respective estimated useful lives and brands and other intangibles with indefinite lives which are not amortized. 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. 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. 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) periods covered by an option to terminate if the Company is reasonably certain not to exercise that option and (3) period covered by an option to extend (or not terminate) if controlled by the lessor. The lease liabilities and the related right-of Supplemental Employee Retirement Plan The costs and liabilities of the Supplemental Employee Retirement Plan (“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 Income (Loss) Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting equity that, under accounting principles generally accepted in the United States of America, are excluded from net income (loss) including unrecognized net actuarial gains (losses) related to the SERP. Earnings (Loss) per Share Basic net income (loss) per share is computed by dividing net income (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 income (loss) per share reflect the potential dilution that could occur if stock options, restricted stock 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 and restricted stock 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 radio stations located in Boston, MA, Detroit, MI, Philadelphia, PA and Tampa-Saint Petersburg, FL collectively contributed % of the Company’s net revenue in 2020. The radio stations located in Boston, MA, Philadelphia, PA and Tampa-Saint Petersburg, FL collectively contributed % of the Company’s net revenue in 2019. 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. Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use right-of-use

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Acquisitions and Dispositions	(3) Acquisitions and Dispositions On December 31, 2020, the Company completed the sale of certain land in Charlotte, NC to a third party for $4.65 million. As a result of the sale, the Company recorded a gain of $4.4 million in the fourth quarter of 2020. On December 23, 2019, the Company completed the sale of certain land in Las Vegas, NV to a third party for $13.5 million. As a result of the sale, the Company recorded a gain of $7.9 million in the fourth quarter of 2019. On December 2, 2019, the Company completed the sale of certain land in Boca Raton, FL to a third party for $7.1 million. As a result of the sale, the Company recorded a gain of $6.5 million in the fourth quarter of 2019. On November 13, 2019, the Company created a new entity called OutlawsXP, Inc. (“Outlaws”) and holds 80% of the equity of Outlaws. The remaining equity was acquired by Renegades Holdings, Inc. in which the Company holds approximately 51% of the outstanding shares (see Note 8). On November 14, 2019, Outlaws acquired an esports team, the Houston Outlaws, from Immortals, LLC that competes in the Overwatch League and domestic and international tournaments. The acquisition was accounted for as a business acquisition and included franchise rights and other intangibles (see Note 7). The acquisition also included goodwill (see Note 6). The acquisition of the team was financed with cash from operations and a promissory note to the seller (the “Promissory Note”). On June 30, 2020, the Company entered into an amendment to the Promissory Note that replaced all previous agreements related to consideration and represents the final amount due to the seller (see Note 10). Outlaws also assumed a $10.0 million franchise fee payable that will be paid to the esports league over time. The franchise fee payable was legally reduced to $6.0 million by the esports league in December 2020 and the resulting $4.0 million gain is reported in other operating (income) expenses, net in the accompanying consolidated statement of comprehensive income (loss). The Company incurred transaction costs of $0.4 million. The acquisition broadened and diversified the Company’s revenue base. The current portion of the franchise fee payable is reported in other current liabilities, and the noncurrent portion is reported in other long-term liabilities in the accompanying consolidated balance sheets. The results of operations are reported in the accompanying consolidated statements of comprehensive income (loss). The fair value of the franchise rights was estimated using an income approach. The income approach measures the expected economic benefits the franchise rights will provide and discounts these future benefits using a discounted cash flow model. The discounted cash flow model incorporates variables such as revenue, revenue growth rates, operating expense projections, and a discount rate. The discounted cash flow projection period of ten years was determined to be an appropriate time horizon for the analyses. If different assumptions or estimates had been used in the income approach, the fair value of the franchise rights 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. Goodwill was equal to the amount the purchase price exceeded the values allocated to the identifiable intangible assets. The amount allocated to goodwill is deductible for tax purposes. The fair value of the Promissory Note and the assumed franchise fee payable approximate the carrying value of each item as of the acquisition date. On October 25, 2019, the Company completed the sale of a radio tower in Tampa, FL and a radio tower in New Jersey to a third party for $2.4 million. As a result of the sales, the Company recorded a gain of $2.0 million in the fourth quarter of 2019. On August 31, 2019, the Company completed the acquisition of substantially all of the assets used to operate WDMK-FM The assets acquired are summarized as follows: Property and equipment $ 432,588 FCC licenses 12,891,117 Other intangibles 176,295 $ 13,500,000 On March 28, 2019, the Company completed the sale of certain land and improvements in Augusta, GA to a third party for $0.5 million. As a result of the sale, the Company recorded a gain of $0.4 million in the first quarter of 2019. On March 15, 2019, the Company agreed to cancel a broadband radio service license in Chattanooga, TN in exchange for a fee of $3.3 million received from Clearwire Spectrum Holdings LLC (“Clearwire”). The Company had previously leased the channels under the broadband radio service license to Clearwire under an agreement that ended on March 15, 2019. As a result of the license cancelation, the Company recorded a gain of $3.1 million in the first quarter of 2019.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	(4) Property and Equipment Property and equipment is comprised of the following: December 31, Estimated useful lives (years) 2019 2020 Land $ 13,471,312 $ 13,342,547 — Buildings and improvements 22,114,228 30,416,904 15-30 Broadcast equipment 35,223,342 33,212,926 5-15 Transportation equipment 2,379,818 2,269,019 5 Office equipment 6,061,531 6,907,944 5-10 Construction in progress 8,725,339 2,610,137 — 87,975,570 88,759,477 Less accumulated depreciation and amortization (34,161,968 ) (35,091,927 ) $ 53,813,602 $ 53,667,550 The Company recorded depreciation expense of $6.9 million and $7.4 million for the years ended December 31, 2019 and 2020, respectively.

FCC Licenses

FCC Licenses	12 Months Ended
	Dec. 31, 2020
Text Block [Abstract]
FCC Licenses	(5) FCC Licenses Changes in the carrying amount of FCC licenses for the years ended December 31, 2019 and 2020 are as follows: Balance as of January 1, 2019 $ 516,735,554 Asset acquisition (see Note 3) 13,155,601 Impairment losses (12,361,988 ) Balance as of December 31, 2019 517,529,167 Impairment losses (8,970,812 ) Balance as of December 31, 2020 $ 508,558,355 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 a 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 radio market clusters. Due to the impact of the COVID-19 million related to the FCC licenses in its Atlanta, GA, Las Vegas, NV, Middlesex-Monmouth-Morristown, NJ, West Palm Beach-Boca Raton, FL, and Wilmington, DE radio market clusters. The impairment losses were primarily due to a decrease in projected revenue in these markets due to the impact of the COVID-19 Revenue growth rates (14.1)% - 7.9% Market revenue shares at maturity 0.6% - 39.0% Operating income margins at maturity 26.5% - 35.4% Discount rate 9.5% The Company did not identify any triggering events for impairment during the second quarter of 2020. The Company elected to perform the quantitative impairment test for its FCC licenses in all markets during the third quarter of 2020. As a result of the quantitative impairment test performed as of September 30, 2020, the Company recorded no impairment losses related to its FCC licenses in any of its reporting units. The fair values were estimated using the income approach. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.5% - 18.8% Market revenue shares at maturity 0.6% - 44.4% Operating income margins at maturity 19.5% - 33.3% Discount rate 9.0% The Company did not identify any triggering events for impairment during the fourth quarter of 2020. On December 31, 2020, the Company completed the sale of certain land in Charlotte, NC to a third party for $4.65 million. As a result of the sale, the Company no longer utilizes one FCC license in that market. Therefore, the carrying amount of $2.2 million was recorded in impairment losses during the fourth quarter of 2020. The Company performed its annual impairment test for its FCC licenses in 2019 as of November 30, 2019. As a result of the impairment test, the Company recorded impairment losses of $12.4 million related to the FCC licenses in its Atlanta, GA and West Palm Beach-Boca Raton, FL radio market clusters for the year ended December 31, 2019. The impairment losses were primarily due to a reduced share of projected revenue in these markets. The Company believed the impairment losses were indicative of trends in the industry and are not unique to the Company or its operations. The fair value of the FCC license in Atlanta, GA and in West Palm Beach-Boca Raton, FL radio market clusters was estimated using the income approach. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.5% - 1.4% Market revenue shares at maturity 0.6% - 1.1% Operating income margins at maturity 27.5% - 29.8% Discount rate 9.0%

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(6) Goodwill There were no changes in the carrying amount of goodwill for the year ended December 31, 2020. Changes in the carrying amount of goodwill for the year ended December 31, 2019 are as follows: Balance as of January 1, 2019 $ 25,377,447 Business acquisition (see Note 3) 3,219,100 Balance as of December 31, 2019 $ 28,596,547

Other Intangibles

Other Intangibles	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangibles	(7) Other Intangibles Other intangibles as of December 31, 2020 are comprised of the following: Asset Accumulated amortization Net asset Amortization period (years) Advertiser relationships $ 1,721,600 $ (568,282 ) $ 1,153,318 6-11 Franchise rights 25,149,300 (2,557,921 ) 22,591,379 10 Sponsorship base 1,164,600 (661,592 ) 503,008 2 28,035,500 (3,787,795 ) 24,247,705 Brands 1,582,663 — 1,582,663 Other intangibles with indefinite lives 28,824 — 28,824 $ 29,646,987 $ (3,787,795 ) $ 25,859,192 Other intangibles as of December 31, 2019 are comprised of the following: Asset Accumulated amortization Net asset Amortization period (years) Advertiser relationships $ 2,819,879 $ (1,495,465 ) $ 1,324,414 6-11 Assembled workforce 176,295 (58,765 ) 117,530 1 Franchise rights 25,149,300 (42,993 ) 25,106,307 10 Sponsorship base 1,164,600 (79,292 ) 1,085,308 2 Sports program rights 267,400 (179,216 ) 88,184 3 29,577,474 (1,855,731 ) 27,721,743 Brands 1,582,663 — 1,582,663 Other intangibles with indefinite lives 28,824 — 28,824 $ 31,188,961 $ (1,855,731 ) $ 29,333,230 The Company recorded amortization expense of $0.5 million and $3.5 million for the years ended December 31, 2019 and 2020, respectively. Estimated future amortization expense related to intangible assets subject to amortization for the next five years and thereafter is as follows: 2021 $ 3,161,985 2022 2,648,020 2023 2,648,020 2024 2,648,020 2025 2,648,020 Thereafter 10,493,640 Total $ 24,247,705

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2020
Other Assets [Abstract]
Other Assets	(8) Other Assets On August 22, 2019, the Company contributed an additional $1.5 million in cash to Quu in exchange for an additional 10,000,000 shares. The Company also received a warrant to acquire 16,949,306 shares of Quu common stock that terminates on August 22, 2029. As a result of the additional investment, the Company holds approximately 35% of the outstanding shares of Quu. On August 22, 2019, the Company adjusted the initial investment to fair value and recognized a loss of $0.1 million. The Company’s share of earnings from Quu is reported in equity in earnings of unconsolidated affiliates, net of tax in the accompanying consolidated statements of comprehensive income (loss) for the years ended December 31, 2019 and 2020. The carrying amount of the investment in Quu was respectively. On March 1, 2019, the Company (i) issued shares of Class A common stock with a fair value of $ million, (ii) agreed to provide $ million of media advertising over a three year period, and (iii) contributed $ million in cash for an aggregate investment of $ million in Renegades, an esports organization, in exchange for shares. The Company acquired an additional shares in the third quarter of 2019 for $ million in cash. As of December 31, 2019, the Company held % of the outstanding shares of Renegades and the carrying amount of the investment in Renegades is $ million. In January 2020, the Company acquired an additional shares for an aggregate of $ million in cash. As a result of the additional investment in January 2020, the Company obtained control of Renegades and consolidated the accounts of Renegades in the accompanying financial statements as of and for the year ended December 31, 2020.

Other Current Liabilities

Other Current Liabilities	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	(9) Other Current Liabilities Other current liabilities are comprised of the following: December 31, 2019 2020 Accrued payroll expenses $ 8,126,091 $ 5,677,375 Deferred revenue 3,639,077 3,732,890 Income taxes payable 4,483,800 3,481,710 Trade sales payable 2,180,783 892,543 Franchise fee payable 2,500,000 — Dividends payable 1,396,621 — Other accrued expenses 5,737,995 7,203,923 $ 28,064,367 $ 20,988,441

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	(10) Long-Term Debt Long-term debt is comprised of the following: December 31, December 31, Credit facility - term loan $ 239,000,000 $ 238,000,000 Credit facility - revolving credit facility 11,000,000 20,000,000 Promissory note 13,500,000 5,500,000 263,500,000 263,500,000 Less unamortized debt issuance costs (7,287,548 ) (5,154,620 ) 256,212,452 258,345,380 Less current installments (7,500,000 ) — $ 248,712,452 $ 258,345,380 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, commencing on August 1, 2021. 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 the credit facility and the Amended Promissory Note and to repay the loan from Mr. George Beasley (see Note 18) and 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. Current installments of long-term debt have been updated as of December 31, 2020 to reflect the subsequent refinancing of long-term debt. As of December 31, 2019, the credit facility consisted of a term loan facility with a remaining balance of $239.0 million and a revolving credit facility with an outstanding balance of $11.0 million and a maximum commitment of $20.0 million. The term loan facility and revolving credit facility carried interest, based on LIBOR, at 5.8% as of December 31, 2019. On June 30, 2020, the Company entered into the Amendment with certain of its lenders. The Amendment amended and modified the credit agreement to, among other things, (i) increase the interest rate applicable to the term loans and revolving credit facility by 25 basis points per annum, (ii) add fees of 300 basis points payable on December 31, 2021 and 150 basis points payable on December 31, 2022, (provided the credit agreement was not refinanced prior to such time), (iii) impose additional reporting requirements, (iv) revise the Excess Cash Flow prepayment requirement such that when the Total Leverage Ratio was greater than 4.5x, 75% of Excess Cash Flow must be prepaid, with such prepayment amounts stepping down to 50%, 25% and 0% upon achievement of certain Total Leverage Ratio milestones, and (v) reduce the flexibility to incur certain additional indebtedness, liens and investments and make certain restricted payments, subject to the achievement of certain leverage-based milestones. In connection with the Amendment, the Company recorded a loss on modification of long-term debt of $2.8 million during the second quarter of 2020. Additionally, the Amendment modified the financial covenant to remove the maximum First Lien Leverage Ratio previously tested quarterly through the fiscal quarter ended March 31, 2020. In its place, the Amendment added (i) a minimum liquidity covenant of $8.5 million (the “Minimum Liquidity Amount”), which was to be tested every other week until the Total Leverage Ratio was less than 5.0x, (ii) a minimum EBITDA (as defined in the credit agreement, as amended by the Amendment) covenant, which was to be tested monthly through June 30, 2021 and (iii) a maximum First Lien Leverage Ratio covenant, which was to be tested quarterly beginning with the fiscal quarter ending September 30, 2021. The Amendment also modified the definition of Consolidated EBITDA to remove certain add-backs As of December 31, 2020, the credit facility consisted of a term loan facility with a remaining balance of $238.0 million and a revolving credit facility with an outstanding balance of $20.0 million and a maximum commitment of $20.0 million. As of December 31, 2020, the Company had no available commitments under its revolving credit facility. Following the entry into the Amendment as described above, at the Company’s option, the credit facility bore interest at either (i) the London Interbank Offered Rate (“LIBOR”) plus a margin of 4.25% or (ii) the base rate (as defined in the credit agreement) plus a margin of 3.25%. The LIBOR interest rate for the term loan was subject to a 1% floor and the base rate was subject to a 2% floor for the term loan facility and a 0% floor for the revolving credit facility. Interest payments were, for loans based on LIBOR, due at the end of each applicable interest period unless the interest period was longer than three months, in which case they were due at the end of each three-month period. Interest payments for loans based on the base rate were due quarterly. The revolving credit facility carried interest, based on LIBOR, at 4.4% as of December 31, 2020. The term loan carried interest, based on LIBOR, at 5.25% as of December 31, 2020. The credit facility was secured by substantially all assets of the Company and its subsidiaries and was guaranteed jointly and severally by the Company and its subsidiaries. As of December 31, 2020, the maximum amount of undiscounted payments the Company and its applicable subsidiaries would have been required to make in the event of default was $258.0 million. As noted above, the credit facility was repaid on February 2, 2021, using a portion of the proceeds from the Notes offering. Also, as a condition to entering into the Amendment, George Beasley, the Company’s Chairman, provided a $5.0 million loan to the Company that accrued payment-in-kind On November 14, 2019, the Company acquired a majority interest in an esports team and issued the Promissory Note for $16.5 million to the seller. The Promissory Note had a remaining balance of $13.5 million as of December 31, 2019. On June 30, 2020, the Company entered into an amendment to the Promissory Note (as amended, the “Amended Promissory Note”) applicable to the remaining balance of $10.0 million. The Amended Promissory Note bore cash-pay payment-in-kind 20-day share. As noted above, the Amended Promissory Note was repaid on February 2, 2021, using a portion of the proceeds from the Notes offering.

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	(11) Leases The Company leases office space, radio 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, 2019 2020 Lease cost Operating lease cost $ 10,190,243 $ 10,441,532 Finance lease cost: Amortization of right-of-use 22,088 13,333 Interest on lease liability 11,285 5,371 Short-term lease cost 28,800 28,800 Total lease cost $ 10,252,416 $ 10,489,036 Other information Operating cash flows from operating leases $ 9,901,889 $ 10,775,742 Operating cash flows from finance lease 11,285 5,371 Financing cash flows from finance lease 67,492 64,821 Right-of-use 5,523,800 1,823,807 Right-of-use — — December 31, Weighted-average remaining lease term – operating leases 6.0 years Weighted-average remaining lease term – finance lease 25.0 years Weighted-average discount rate – operating leases 8.2 % Weighted-average discount rate – finance lease 3.9 % As of December 31, 2020, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows: 2021 $ 10,703,432 2022 9,545,225 2023 8,141,094 2024 6,865,454 2025 5,775,905 Thereafter 14,164,891 Total lease payments 55,196,001 Less imputed interest (18,484,783 ) Present value of lease liabilities $ 36,711,218

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2020
Postemployment Benefits [Abstract]
Employee Benefit Plans	(12) 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 $19,000 and $19,500 (or $25,000 and $26,000 if aged 50 years or older) in 2019 and 2020, respectively. No employer matching contributions were made to the defined contribution plan in 2019 and 2020. Supplemental Employee Retirement Plan The benefit obligations related to the frozen SERP of $9.7 million and $10.8 million are reported in other long-term liabilities in the consolidated balance sheets as of December 31, 2019 and 2020, respectively. The Company contributed $0.4 million and $0.5 million to the SERP in 2019 and 2020, respectively. The SERP is summarized as follows: Year ended December 31, 2019 2020 Change in Projected Benefit Obligation Benefit obligation at beginning of year $ 9,038,825 $ 9,723,866 Interest cost 340,302 279,778 Actuarial loss 712,728 1,345,943 Benefits paid (367,989 ) (544,261 ) Benefit obligation at end of year $ 9,723,866 $ 10,805,326 Change in Plan Assets Fair value of plan assets at beginning of year $ — $ — Employer contribution 367,989 544,261 Benefits paid (367,989 ) (544,261 ) Fair value of plan assets at end of year $ — $ — Funded status $ (9,723,866 ) $ (10,805,326 ) Unrecognized net actuarial loss 593,326 1,939,269 Cumulative employer contributions in excess of the net periodic pension cost $ (9,130,540 ) $ (8,866,057 ) Amounts Recognized in the Statement of Financial Position Current liabilities $ (493,735 ) $ (542,110 ) Noncurrent liabilities (9,230,131 ) (10,263,216 ) Net amount recognized $ (9,723,866 ) $ (10,805,326 ) Amounts Recognized in Accumulated Other Comprehensive Income Net actuarial loss $ 593,326 $ 1,939,269 Total (before tax effects) $ 593,326 $ 1,939,269 Information for Pension Plans about Benefit Obligation and Plan Assets Projected benefit obligation $ 9,723,866 $ 10,805,326 Accumulated benefit obligation $ 9,723,866 $ 10,805,326 Weighted-average assumptions for Disclosure Discount rate 2.95 % 2.10 % Mortality table Pri-2012 Pri-2012 WC Mortality improvement scale MP-2019 MP-2020 Net periodic benefit cost Interest cost $ 340,302 $ 279,778 Net periodic benefit cost $ 340,302 $ 279,778 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income Net actuarial loss $ 712,728 $ 1,345,943 Total recognized in other comprehensive income (before tax effects) $ 712,728 $ 1,345,943 Total recognized in net cost and other comprehensive income (before tax effects) $ 1,053,030 $ 1,625,721 Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year (Gain) loss recognition $ — $ 143,362 Prior service cost recognition $ — $ — Net initial obligation (asset) recognition $ — $ — Weighted-average assumptions used to determine Net Periodic Benefit Cost Discount rate 4.00 % 2.95 % Corridor 10.00 % 10.00 % Average future working lifetime 6.46 6.48 Mortality table RP-2014 Pri-2012 Mortality improvement scale MP-2018 MP-2019 Estimated Future Benefit Payments 2021 $ 542,110 2022 $ 545,375 2023 $ 552,156 2024 $ 576,377 2025 $ 603,510 2026-2030 $ 2,963,215 Contributions Estimated contributions for 2021 $ 542,110

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Stockholders' Equity	(13) 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 seven 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 w $0.1 million to repurchase 37,106 shares in 2020. The Company paid cash dividends of $5.5 million in 2019 and $2.8 million in 2020. However, in response to the COVID-19 In addition, the Indenture governing the Notes limits the ability of the Company to pay dividends.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue	(14) Revenue Revenue is comprised of the following: Year ended December 31, 2019 2020 Commercial advertising $ 224,314,435 $ 171,830,152 Digital advertising 19,815,489 21,605,742 Other revenue 17,424,190 12,707,967 $ 261,554,114 $ 206,143,861 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, Deferred revenue $ 3,639,077 $ 3,732,890 Year ended December 31, 2019 2020 Losses on receivables $ 557,582 $ 2,318,987 Commercial advertising 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. December 31, December 31, 2019 2020 Trade sales receivable $ 1,691,295 $ 956,999 Trade sales payable 2,180,783 892,543 Year ended December 31, 2019 2020 Trade sales revenue $ 8,710,014 $ 4,980,829 Digital advertising 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. Other revenue includes revenue from esports, concerts, promotional events, talent fees and other miscellaneous items. Revenue is generally recognized when the event is completed, as the promotional events are completed, or as the talent services are completed.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(15) 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 and restricted stock awards 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 Unvested as of January 1, 2019 429,833 $ 9.77 Granted 343,518 3.49 Vested (201,300 ) 9.03 Forfeited (95,384 ) 4.50 Unvested as of December 31, 2019 476,667 4.94 Granted 206,750 2.99 Vested (130,333 ) 5.48 Forfeited (99,583 ) 3.22 Unvested as of December 31, 2020 453,501 $ 4.11 A summary of restricted stock activity is presented below: Shares Weighted-Average Unvested as of January 1, 2019 101,500 $ 6.42 Vested (54,000 ) 5.11 Forfeited (15,500 ) 4.07 Unvested as of December 31, 2019 32,000 5.01 Vested (14,500 ) 5.14 Forfeited (5,000 ) 4.65 Unvested as of December 31, 2020 12,500 $ 4.84 As of December 31, 2020, there was $1.2 million of total unrecognized compensation cost for restricted stock units and shares of restricted stock granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 2.8 years.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	(16) Income Taxes Income tax expense (benefit) is as follows: Year ended December 31, 2019 2020 Current: Federal $ 6,258,953 $ (5,056,987 ) State 2,092,750 — 8,351,703 (5,056,987 ) Deferred: Federal (1,607,189 ) 982,431 State (146,763 ) (1,111,436 ) (1,753,952 ) (129,005 ) $ 6,597,751 $ (5,185,992 ) Income tax expense (benefit) differs from the amounts that would result from applying the federal statutory rate of 21% to the Company’s income (loss) before taxes as follows: Year ended December 31, 2019 2020 Expected tax expense (benefit) $ 4,166,309 $ (5,018,846 ) State income taxes, net of federal benefit 4,263,192 (878,034 ) Tax rate adjustments 290,381 (109,421 ) Change in valuation allowance (3,450,458 ) (3,074 ) Non-deductible 1,055,121 535,080 Other 273,206 288,303 $ 6,597,751 $ (5,185,992 ) Temporary differences that give rise to the components of deferred tax assets and liabilities are as follows: December 31, 2019 2020 Deferred tax assets: Allowance for doubtful accounts $ 567,702 $ 1,330,493 Other assets (979,560 ) (474,351 ) Accrued expenses 786,001 765,531 Other long-term liabilities 2,663,792 2,928,717 Stock-based compensation 149,087 138,809 Net operating losses 94,878 1,398,872 Subtotal 3,281,900 6,088,071 Valuation allowance (311,214 ) (308,140 ) Total 2,970,686 5,779,931 Deferred tax liabilities: Prepaid expenses (91,665 ) (85,946 ) Property and equipment (1,827,323 ) (4,051,119 ) Intangibles (122,182,694 ) (122,556,849 ) Total (124,101,682 ) (126,693,914 ) Net deferred tax liabilities $ (121,130,996 ) $ (120,913,983 ) As of December 31, 2020, the Company has state net operating losses of $25.2 million, which expire in various years through 2040 . The CARES Act, among other things, permits federal net operating losses incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding tax years to generate a refund of previously paid income taxes. The Company intends to carry back federal net operating losses of $24.1 million from 2020 under the CARES Act to recover $5.1 million of federal taxes paid in 2018 and 2019. As of December 31, 2020, the Company has a current federal tax liability of $3.1 million and current state liabilities of $0.3 million due from 2019 (see Note 9). As of December 31, 2019 and 2020, 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 2016. In the fourth quarter of 2019, the Internal Revenue Service completed an examination of the Company’s 2015, 2016 and 2017 federal income tax returns that resulted in no changes to the returns.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	(17) Earnings Per Share Net income (loss) per share calculation information is as follows: Year ended December 31, 2019 2020 Net income (loss) attributable to BBGI stockholders $ 13,450,224 $ (17,765,922 ) Weighted-average shares outstanding: Basic weighted shares outstanding 27,730,392 28,386,456 Effect of dilutive restricted stock units and restricted stock 47,458 — Diluted 27,777,850 28,386,456 Net income (loss) per Class A and Class B common share – basic $ 0.49 $ (0.63 ) Net income (loss) per Class A and Class B common share – diluted $ 0.48 $ (0.63 ) The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method as the addition of shares were anti-dilutive when reporting a net loss. The number of shares excluded were 29,406 for year ended December 31, 2020.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	(18) Related Party Transactions 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 family members of George G. Beasley. Rental expense was $0.2 million for each of the years ended December 31, 2019 and 2020. Beasley Family Towers, LLC The Company leases towers for two radio stations in Tampa, FL 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 family members of George G. Beasley and partially owned directly by Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members. The lease agreements expire on various dates through December 31, 2038. Rental expense was $0.2 million and $0.1 million for the years ended December 31, 2019 and 2020, respectively. The Company leases several towers for one radio station in Boca Raton, FL from BFT. The lease agreement expires on April 30, 2021. Rental expense was $0.1 million for each of the years ended December 31, 2019 and 2020. Lease payments are currently offset by the partial recognition of a deferred gain on sale from the sale of these towers to BFT in 2006, therefore no rental expense was reported for these towers for the years ended December 31, 2019 and 2020. The Company leases towers for 19 radio stations in various markets from BFT. As of December 28, 2020, all lease agreements ha d $0.4 million for each of the years ended December 31, 2019 and 2020. GGB Augusta, LLC The Company leases land for its radio 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 family members of George G. Beasley. The lease agreement expires on November 1, 2023. Rental expense was approximately $44,000 and $41,000 for the years ended December 31, 2019 and 2020, respectively. GGB Estero, LLC The Company leases property for its radio stations in Fort Myers, FL from GGB Estero, LLC which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of George G. Beasley. The lease agreement expires on August 31, 2024. Rental expense was $0.2 million for each of the years ended December 31, 2019 and 2020. GGB Las Vegas, LLC The Company leases property for its radio stations in Las Vegas, NV from GGB Las Vegas, LLC which is controlled by George G. Beasley. The lease agreement expires on December 31, 2023. Rental expense was $0.2 million for each of the years ended December 31, 2019 and 2020. LN2 DB, LLC On March 25, 2011, the Company contributed $250,000 to Digital PowerRadio, LLC (now LN2 DB, LLC) in exchange for 25,000 units or approximately 20% of the outstanding units. The Company contributed an additional $62,500 on February 14, 2012, $104,167 on July 31, 2012, $104,167 on April 10, 2013, $104,167 on April 4, 2014, $166,667 on April 3, 2015, and $166,667 on May 3, 2016. On February 22, 2017, the Company contributed $150,000 to LN2 DB, LLC in exchange for a note bearing interest at 18% per annum. On June 18, 2018, the note receivable and accrued interest due from LN2 DB, LLC totaling $187,618 was converted to additional equity in LN2 DB, LLC and the Company contributed an additional $150,000. The Company may be called upon to make additional pro rata cash contributions to LN2 DB, LLC in the future. LN2 DB, LLC is managed by Fowler Radio Group, LLC which is partially Wintersrun Communications, LLC The Company sold the tower for one radio station in Charlotte, NC to Wintersrun Communications, LLC, which is partially held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of George G. Beasley and partially owned directly by Bruce G. Beasley and Brian E. Beasley, for $0.4 million then leased back the tower under an agreement which expires on December 31, 2025. The lease met the criteria to be recorded as a finance lease, however, based on the terms of the lease agreement the $0.3 million gain on sale was deferred and will be recognized as the finance lease right-of-use The Company leased a tower for one radio station in Augusta, GA from Wintersrun. The lease agreement expires on October 16, 2025. Rental expense was approximately $31,000 for each of the years ended December 31, 2019 and 2020. Mr. George Beasley As a condition to entering into the Amendment (see Note 10), George Beasley, the Company’s Chairman, provided a $5.0 million loan to the Company that accrued payment-in-kind million in favor of U.S. Bank, National Association for the benefit of the Company as a source of backup liquidity that could have been drawn by U.S. Bank, National Association in the event that the Company fails to maintain the Minimum Liquidity Amount. The loan was repaid on February 2, 2021, using a portion of the proceeds from the Notes offering (see Note 10).

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(19) Commitments and Contingencies The Company has various commitments for rating services and on-air 2021 $ 24,621,730 2022 24,469,796 2023 7,457,266 2024 6,750,000 2025 6,750,000 Thereafter 34,775,000 Total $ 104,823,792 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, 2020
Investments, All Other Investments [Abstract]
Financial Instruments	(20) Financial Instruments The carrying amount of the Company’s financial instruments including cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short term nature of these financial instruments. The carrying amount of the Company’s long-term debt, including the term loan, the revolving credit facility, Promissory Note and current installments, as of December 31, 2020 was $263.5 million which approximated fair value based on current market interest rates. The carrying amount of the Company’s long-term debt as of December 31, 2019 was $263.5 million which approximated fair value based on current market interest rates.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2020
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, 2019 and 2020 Column A Description Column B Balance at Beginning of Period Column C Charged to Costs and Expenses Column D Deductions Column E Balance at End of Period Year ended December 31, 2019: Allowance for doubtful accounts (deducted from accounts receivable) 2,010,721 692,460 557,582 2,145,599 Valuation allowance for deferred tax assets 3,760,454 87,665 3,536,905 311,214 Year ended December 31, 2020: Allowance for doubtful accounts (deducted from accounts receivable) 2,145,599 5,206,423 2,318,987 5,033,035 Valuation allowance for deferred tax assets 311,214 — 3,074 308,140

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
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 and its investments in OutlawsXP, Inc. (“Outlaws”) and Renegades Holdings, Inc. (“Renegades”). The Company holds an approximately 90% economic interest in Outlaws and an approximately 51% economic interest in Renegades. Net assets and results of operations for Outlaws and Renegades as of and for the years ended December 31, 2019 and 2020 are not significant. 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 doubtful accounts; (ii) future cash flows used for testing recoverability of property and equipment; (iii) fair values used for testing FCC licenses and goodwill for impairment; (iv) estimates used to determine the incremental borrowing rate to record lease liabilities and related right-of-use
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 doubtful accounts. The allowance for doubtful accounts reflects management’s estimate of probable losses in accounts receivable. 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. Interest is not accrued on accounts receivable.
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 radio market clusters. See Note 5 for changes in the carrying amount of FCC licenses for the years ended December 31, 2019 and 2020. The weighted-average period before the next renewal of the Company’s FCC licenses is 4.4 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 radio market clusters and the Outlaws as its reporting units. See Note 6 for changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2020.
Other Intangibles	Other Intangibles Other intangibles include advertiser relationships, franchise rights and sponsorship base, which are amortized over their respective estimated useful lives and brands and other intangibles with indefinite lives which are not amortized. 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.
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.
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) periods covered by an option to terminate if the Company is reasonably certain not to exercise that option and (3) period covered by an option to extend (or not terminate) if controlled by the lessor. The lease liabilities and the related right-of
Supplemental Employee Retirement Plan	Supplemental Employee Retirement Plan The costs and liabilities of the Supplemental Employee Retirement Plan (“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 Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting equity that, under accounting principles generally accepted in the United States of America, are excluded from net income (loss) including unrecognized net actuarial gains (losses) related to the SERP.
Earnings (Loss) per Share	Earnings (Loss) per Share Basic net income (loss) per share is computed by dividing net income (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 income (loss) per share reflect the potential dilution that could occur if stock options, restricted stock 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 and restricted stock 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 radio stations located in Boston, MA, Detroit, MI, Philadelphia, PA and Tampa-Saint Petersburg, FL collectively contributed % of the Company’s net revenue in 2020. The radio stations located in Boston, MA, Philadelphia, PA and Tampa-Saint Petersburg, FL collectively contributed % of the Company’s net revenue in 2019.
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 Costs	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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use right-of-use

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2020
Schedule of Purchase Price Allocation	The assets acquired are summarized as follows: Property and equipment $ 432,588 FCC licenses 12,891,117 Other intangibles 176,295 $ 13,500,000

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment	Property and equipment is comprised of the following: December 31, Estimated useful lives (years) 2019 2020 Land $ 13,471,312 $ 13,342,547 — Buildings and improvements 22,114,228 30,416,904 15-30 Broadcast equipment 35,223,342 33,212,926 5-15 Transportation equipment 2,379,818 2,269,019 5 Office equipment 6,061,531 6,907,944 5-10 Construction in progress 8,725,339 2,610,137 — 87,975,570 88,759,477 Less accumulated depreciation and amortization (34,161,968 ) (35,091,927 ) $ 53,813,602 $ 53,667,550

FCC Licenses (Tables)

FCC Licenses (Tables)	12 Months Ended
	Dec. 31, 2020
Text Block [Abstract]
Carrying Amount of Broadcasting Licenses	Changes in the carrying amount of FCC licenses for the years ended December 31, 2019 and 2020 are as follows: Balance as of January 1, 2019 $ 516,735,554 Asset acquisition (see Note 3) 13,155,601 Impairment losses (12,361,988 ) Balance as of December 31, 2019 517,529,167 Impairment losses (8,970,812 ) Balance as of December 31, 2020 $ 508,558,355
Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates (14.1)% - 7.9% Market revenue shares at maturity 0.6% - 39.0% Operating income margins at maturity 26.5% - 35.4% Discount rate 9.5% The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.5% - 18.8% Market revenue shares at maturity 0.6% - 44.4% Operating income margins at maturity 19.5% - 33.3% Discount rate 9.0% The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.5% - 1.4% Market revenue shares at maturity 0.6% - 1.1% Operating income margins at maturity 27.5% - 29.8% Discount rate 9.0%

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the year ended December 31, 2019 are as follows: Balance as of January 1, 2019 $ 25,377,447 Business acquisition (see Note 3) 3,219,100 Balance as of December 31, 2019 $ 28,596,547

Other Intangibles (Tables)

Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Other Intangibles Acquired	Other intangibles as of December 31, 2020 are comprised of the following: Asset Accumulated amortization Net asset Amortization period (years) Advertiser relationships $ 1,721,600 $ (568,282 ) $ 1,153,318 6-11 Franchise rights 25,149,300 (2,557,921 ) 22,591,379 10 Sponsorship base 1,164,600 (661,592 ) 503,008 2 28,035,500 (3,787,795 ) 24,247,705 Brands 1,582,663 — 1,582,663 Other intangibles with indefinite lives 28,824 — 28,824 $ 29,646,987 $ (3,787,795 ) $ 25,859,192 Other intangibles as of December 31, 2019 are comprised of the following: Asset Accumulated amortization Net asset Amortization period (years) Advertiser relationships $ 2,819,879 $ (1,495,465 ) $ 1,324,414 6-11 Assembled workforce 176,295 (58,765 ) 117,530 1 Franchise rights 25,149,300 (42,993 ) 25,106,307 10 Sponsorship base 1,164,600 (79,292 ) 1,085,308 2 Sports program rights 267,400 (179,216 ) 88,184 3 29,577,474 (1,855,731 ) 27,721,743 Brands 1,582,663 — 1,582,663 Other intangibles with indefinite lives 28,824 — 28,824 $ 31,188,961 $ (1,855,731 ) $ 29,333,230
Summary of Estimated Future Amortization Expense Related to Intangible Assets	The Company recorded amortization expense of $0.5 million and $3.5 million for the years ended December 31, 2019 and 2020, respectively. Estimated future amortization expense related to intangible assets subject to amortization for the next five years and thereafter is as follows: 2021 $ 3,161,985 2022 2,648,020 2023 2,648,020 2024 2,648,020 2025 2,648,020 Thereafter 10,493,640 Total $ 24,247,705

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Summary of Other Current Liabilities	Other current liabilities are comprised of the following: December 31, 2019 2020 Accrued payroll expenses $ 8,126,091 $ 5,677,375 Deferred revenue 3,639,077 3,732,890 Income taxes payable 4,483,800 3,481,710 Trade sales payable 2,180,783 892,543 Franchise fee payable 2,500,000 — Dividends payable 1,396,621 — Other accrued expenses 5,737,995 7,203,923 $ 28,064,367 $ 20,988,441

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, December 31, Credit facility - term loan $ 239,000,000 $ 238,000,000 Credit facility - revolving credit facility 11,000,000 20,000,000 Promissory note 13,500,000 5,500,000 263,500,000 263,500,000 Less unamortized debt issuance costs (7,287,548 ) (5,154,620 ) 256,212,452 258,345,380 Less current installments (7,500,000 ) — $ 248,712,452 $ 258,345,380

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Summary of lease information	The following table summarizes lease information: Year ended December 31, 2019 2020 Lease cost Operating lease cost $ 10,190,243 $ 10,441,532 Finance lease cost: Amortization of right-of-use 22,088 13,333 Interest on lease liability 11,285 5,371 Short-term lease cost 28,800 28,800 Total lease cost $ 10,252,416 $ 10,489,036 Other information Operating cash flows from operating leases $ 9,901,889 $ 10,775,742 Operating cash flows from finance lease 11,285 5,371 Financing cash flows from finance lease 67,492 64,821 Right-of-use 5,523,800 1,823,807 Right-of-use — — December 31, Weighted-average remaining lease term – operating leases 6.0 years Weighted-average remaining lease term – finance lease 25.0 years Weighted-average discount rate – operating leases 8.2 % Weighted-average discount rate – finance lease 3.9 %
Schedule of future minimum lease payments	As of December 31, 2020, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows: 2021 $ 10,703,432 2022 9,545,225 2023 8,141,094 2024 6,865,454 2025 5,775,905 Thereafter 14,164,891 Total lease payments 55,196,001 Less imputed interest (18,484,783 ) Present value of lease liabilities $ 36,711,218

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Postemployment Benefits [Abstract]
Summary of Change in Projected Benefit Obligation	The SERP is summarized as follows: Year ended December 31, 2019 2020 Change in Projected Benefit Obligation Benefit obligation at beginning of year $ 9,038,825 $ 9,723,866 Interest cost 340,302 279,778 Actuarial loss 712,728 1,345,943 Benefits paid (367,989 ) (544,261 ) Benefit obligation at end of year $ 9,723,866 $ 10,805,326
Summary of Change in Plan Assets	Change in Plan Assets Fair value of plan assets at beginning of year $ — $ — Employer contribution 367,989 544,261 Benefits paid (367,989 ) (544,261 ) Fair value of plan assets at end of year $ — $ — Funded status $ (9,723,866 ) $ (10,805,326 ) Unrecognized net actuarial loss 593,326 1,939,269 Cumulative employer contributions in excess of the net periodic pension cost $ (9,130,540 ) $ (8,866,057 )
Summary of Amounts Recognized in Statement of Financial Position	Amounts Recognized in the Statement of Financial Position Current liabilities $ (493,735 ) $ (542,110 ) Noncurrent liabilities (9,230,131 ) (10,263,216 ) Net amount recognized $ (9,723,866 ) $ (10,805,326 )
Summary of Amounts Recognized in Accumulated Other Comprehensive Income	Amounts Recognized in Accumulated Other Comprehensive Income Net actuarial loss $ 593,326 $ 1,939,269 Total (before tax effects) $ 593,326 $ 1,939,269
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 $ 9,723,866 $ 10,805,326 Accumulated benefit obligation $ 9,723,866 $ 10,805,326
Summary of Weighted-Average Assumptions for Disclosure	Weighted-average assumptions for Disclosure Discount rate 2.95 % 2.10 % Mortality table Pri-2012 Pri-2012 WC Mortality improvement scale MP-2019 MP-2020
Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income	Net periodic benefit cost Interest cost $ 340,302 $ 279,778 Net periodic benefit cost $ 340,302 $ 279,778
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 loss $ 712,728 $ 1,345,943 Total recognized in other comprehensive income (before tax effects) $ 712,728 $ 1,345,943 Total recognized in net cost and other comprehensive income (before tax effects) $ 1,053,030 $ 1,625,721
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 $ — $ 143,362 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 4.00 % 2.95 % Corridor 10.00 % 10.00 % Average future working lifetime 6.46 6.48 Mortality table RP-2014 Pri-2012 Mortality improvement scale MP-2018 MP-2019
Summary of Estimated Future Benefit Payments
Summary of Estimated Contributions	Contributions Estimated contributions for 2021 $ 542,110

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Revenue is comprised of the following: Year ended December 31, 2019 2020 Commercial advertising $ 224,314,435 $ 171,830,152 Digital advertising 19,815,489 21,605,742 Other revenue 17,424,190 12,707,967 $ 261,554,114 $ 206,143,861
Deferred Revenue	December 31, December 31, Deferred revenue $ 3,639,077 $ 3,732,890 Year ended December 31, 2019 2020 Losses on receivables $ 557,582 $ 2,318,987
Trade Sale Revenue	December 31, December 31, 2019 2020 Trade sales receivable $ 1,691,295 $ 956,999 Trade sales payable 2,180,783 892,543

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted Stock Units and Restricted Stock Activity	A summary of restricted stock unit activity is presented below: Units Weighted-Average Grant-Date Unvested as of January 1, 2019 429,833 $ 9.77 Granted 343,518 3.49 Vested (201,300 ) 9.03 Forfeited (95,384 ) 4.50 Unvested as of December 31, 2019 476,667 4.94 Granted 206,750 2.99 Vested (130,333 ) 5.48 Forfeited (99,583 ) 3.22 Unvested as of December 31, 2020 453,501 $ 4.11 A summary of restricted stock activity is presented below: Shares Weighted-Average Unvested as of January 1, 2019 101,500 $ 6.42 Vested (54,000 ) 5.11 Forfeited (15,500 ) 4.07 Unvested as of December 31, 2019 32,000 5.01 Vested (14,500 ) 5.14 Forfeited (5,000 ) 4.65 Unvested as of December 31, 2020 12,500 $ 4.84

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax expense (benefit) is as follows: Year ended December 31, 2019 2020 Current: Federal $ 6,258,953 $ (5,056,987 ) State 2,092,750 — 8,351,703 (5,056,987 ) Deferred: Federal (1,607,189 ) 982,431 State (146,763 ) (1,111,436 ) (1,753,952 ) (129,005 ) $ 6,597,751 $ (5,185,992 )
Schedule of Income Tax Expense (Benefit) , Federal Statutory Rate	Income tax expense (benefit) differs from the amounts that would result from applying the federal statutory rate of 21% to the Company’s income (loss) before taxes as follows: Year ended December 31, 2019 2020 Expected tax expense (benefit) $ 4,166,309 $ (5,018,846 ) State income taxes, net of federal benefit 4,263,192 (878,034 ) Tax rate adjustments 290,381 (109,421 ) Change in valuation allowance (3,450,458 ) (3,074 ) Non-deductible 1,055,121 535,080 Other 273,206 288,303 $ 6,597,751 $ (5,185,992 )
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, 2019 2020 Deferred tax assets: Allowance for doubtful accounts $ 567,702 $ 1,330,493 Other assets (979,560 ) (474,351 ) Accrued expenses 786,001 765,531 Other long-term liabilities 2,663,792 2,928,717 Stock-based compensation 149,087 138,809 Net operating losses 94,878 1,398,872 Subtotal 3,281,900 6,088,071 Valuation allowance (311,214 ) (308,140 ) Total 2,970,686 5,779,931 Deferred tax liabilities: Prepaid expenses (91,665 ) (85,946 ) Property and equipment (1,827,323 ) (4,051,119 ) Intangibles (122,182,694 ) (122,556,849 ) Total (124,101,682 ) (126,693,914 ) Net deferred tax liabilities $ (121,130,996 ) $ (120,913,983 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of Net Income Per Share	Net income (loss) per share calculation information is as follows: Year ended December 31, 2019 2020 Net income (loss) attributable to BBGI stockholders $ 13,450,224 $ (17,765,922 ) Weighted-average shares outstanding: Basic weighted shares outstanding 27,730,392 28,386,456 Effect of dilutive restricted stock units and restricted stock 47,458 — Diluted 27,777,850 28,386,456 Net income (loss) per Class A and Class B common share – basic $ 0.49 $ (0.63 ) Net income (loss) per Class A and Class B common share – diluted $ 0.48 $ (0.63 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Payments for the Next Five Years and Thereafter	As of December 31, 2020, future minimum payments for the next five years and thereafter are summarized as follows: 2021 $ 24,621,730 2022 24,469,796 2023 7,457,266 2024 6,750,000 2025 6,750,000 Thereafter 34,775,000 Total $ 104,823,792

Nature of Business - Additional

Nature of Business - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020Automatic-Renewal
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
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	4 years 4 months 24 days
Operating Lease, Liability	$ 36,711,218
Operating Lease, Right-of-Use Asset	34,419,663	$ 39,768,910
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Retained Earnings	$ 143,304,213	$ 162,350,145
OutlawsXP Inc [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity method investment, ownership percentage	90.00%
Renegades Holdings, Inc. [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity method investment, ownership percentage	51.00%
Accounting Standards Update 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating Lease, Liability			$ 43,100,000
Operating Lease, Right-of-Use Asset			38,800,000
Accounting Standards Update 2016-02 [Member] | Revision of Prior Period, Adjustment [Member]
Summary Of Significant Accounting Policies [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Retained Earnings			$ 900,000
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | Boston, MA, Philadelphia, PA and Tampa-Saint Petersburg, FL [Member]
Summary Of Significant Accounting Policies [Line Items]
Radio stations contributed to net revenue	66.30%	60.70%

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail) - USD ($)

Nov. 14, 2019

Oct. 25, 2019

Aug. 31, 2019

Mar. 28, 2019

Mar. 15, 2019

Dec. 31, 2019

Dec. 31, 2020

Dec. 31, 2019

Mar. 31, 2019

Dec. 31, 2020

Dec. 31, 2019

Nov. 13, 2019

Apr. 03, 2015

Apr. 04, 2014

Apr. 10, 2013

Business Acquisition [Line Items]

Gain on sale of assets

$ 4,439,710

$ 20,657,360

Asset purchase agreement, cash purchase price

17,264,484

Business acquisition,transaction expenses

$ 400,000

Proceeds from sale of assets

4,631,566

26,349,462

Business acquisition liabilitites assumed

$ 10,000,000

Equity Method Investment, Ownership Percentage

20.00%

20.00%

20.00%

Transaction Costs

400,000

Increase decrease in noncash or part noncash acquisitions value of liabilities assumed

$ 6,000,000

Renegades Holdings, Inc. [Member]

Business Acquisition [Line Items]

Business acquisition acquisition of ownership interest

51.00%

51.00%

Equity Method Investment, Ownership Percentage

45.00%

45.00%

45.00%

51.00%

Augusta GA [Member]

Business Acquisition [Line Items]

Gain on sale of assets

$ 400,000

Proceeds from sale of assets

$ 500,000

Operating and Broadcast Rights [Member] | Clearwire [Member]

Business Acquisition [Line Items]

Gain on cancelation of license

$ 3,100,000

Proceeds from cancellation of license

$ 3,300,000

Land [Member] | Las Vegas NV [Member]

Business Acquisition [Line Items]

Gain on sale of assets

$ 7,900,000

Proceeds from sale of assets

$ 13,500,000

Land [Member] | Boca Raton, FL [Member]

Business Acquisition [Line Items]

Gain on sale of assets

6,500,000

Proceeds from sale of assets

$ 7,100,000

Land [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]

Business Acquisition [Line Items]

Gain on sale of assets

$ 4,400,000

Proceeds from sale of assets

$ 4,650,000

Radio Tower Member [Member] | Tampa FL And New Jersey Member [Member]

Business Acquisition [Line Items]

Gain on sale of assets

$ 2,000,000

Proceeds from sale of assets

$ 2,400,000

WXTU-FM [Member]

Business Acquisition [Line Items]

Asset purchase agreement, cash purchase price

$ 13,500,000

Business acquisition partially financed by borrowings

10,000,000

WDMK [Member]

Business Acquisition [Line Items]

Business acquisition partially funded in cash

3,500,000

Business acquisition,transaction expenses

300,000

Transaction Costs

$ 300,000

Out Laws [Member]

Business Acquisition [Line Items]

Business acquisition acquisition of ownership interest

80.00%

Out Laws [Member] | Franchise Fees Payable [Member]

Business Acquisition [Line Items]

Business acquisition liabilitites assumed

$ 10,000,000

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule of Purchase Price Allocation (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Property and equipment	$ 432,588
FCC licenses	12,891,117	$ 13,155,601
Other intangibles	176,295
Net assets acquired	$ 13,500,000

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 88,759,477	$ 87,975,570
Less accumulated depreciation and amortization	(35,091,927)	(34,161,968)
Property and equipment, net	53,667,550	53,813,602
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,342,547	13,471,312
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	30,416,904	22,114,228
Broadcast Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	33,212,926	35,223,342
Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,269,019	2,379,818
Estimated useful lives (years)	5 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,907,944	6,061,531
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,610,137	$ 8,725,339
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, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 7.4	$ 6.9

FCC Licenses - Carrying Amount

FCC Licenses - Carrying Amount of Broadcasting Licenses (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
FCC Licenses [Line Items]
Beginning Balance	$ 517,529,167	$ 516,735,554
Asset acquisition	12,891,117	13,155,601
Impairment losses	(8,970,812)	(12,361,988)
Ending Balance	$ 508,558,355	$ 517,529,167

FCC Licenses - Discounted Cash

FCC Licenses - Discounted Cash Flow Analyses (Detail) - CBS Radio Stations Inc Entercom Boston LLC and The Entercom Divestiture Trust [Member]	3 Months Ended		12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2020
Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	9.00%	9.50%	9.00%
Minimum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	0.60%	0.60%	0.60%
Operating income margins at maturity	19.50%	26.50%	27.50%
Minimum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	0.50%	(14.10%)	0.50%
Maximum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	44.40%	39.00%	1.10%
Operating income margins at maturity	33.30%	35.40%	29.80%
Maximum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	18.80%	7.90%	1.40%

FCC Licenses - Additional Infor

FCC Licenses - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
FCC Licenses [Line Items]
Impairment losses		$ 8,970,812	$ 12,361,988
Proceeds from sale of assets		4,631,566	26,349,462
Land [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
FCC Licenses [Line Items]
Impairment losses		2,200,000
Proceeds from sale of assets		$ 4,650,000
Atlanta GA and Wet Palm Beach [Member] | Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment losses	$ 6,800,000		$ 12,400,000

Goodwill - Summary of Carrying

Goodwill - Summary of Carrying Amount of Goodwill (Detail)	12 Months Ended
	Dec. 31, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning Balance	$ 25,377,447
Business/Consolidated/acquisition/affiliate	3,219,100
Ending Balance	$ 28,596,547

Other Intangibles - Summary of

Other Intangibles - Summary of Other Intangibles Acquired (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 28,035,500	$ 29,577,474
Accumulated amortization	(3,787,795)	(1,855,731)
Net asset	24,247,705	27,721,743
Other Intangible Assets Gross	29,646,987	31,188,961
Other Intangible Assets Accumulated Amortization	(3,787,795)	(1,855,731)
Other intangibles, net	25,859,192	29,333,230
Advertiser Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	1,721,600	2,819,879
Accumulated amortization	(568,282)	(1,495,465)
Net asset	$ 1,153,318	$ 1,324,414
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
Assembled Workforce [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets		$ 176,295
Accumulated amortization		(58,765)
Net asset		$ 117,530
Amortization period (years)		1 year
Franchise Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 25,149,300	$ 25,149,300
Accumulated amortization	(2,557,921)	(42,993)
Net asset	$ 22,591,379	$ 25,106,307
Amortization period (years)	10 years	10 years
Affiliate Sponsorship Base [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 1,164,600	$ 1,164,600
Accumulated amortization	(661,592)	(79,292)
Net asset	$ 503,008	$ 1,085,308
Amortization period (years)	2 years	2 years
Sports Program Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets		$ 267,400
Accumulated amortization		(179,216)
Net asset		$ 88,184
Amortization period (years)		3 years
Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite lived intangible assets net	$ 1,582,663	$ 1,582,663
Other Intangible Assets [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, 2020	Dec. 31, 2019
Intangible Liability Disclosure [Abstract]
Amortization expense	$ 3.5	$ 0.5

Other Intangibles - Summary o_2

Other Intangibles - Summary of Estimated Future Amortization Expense Related to Intangible Assets (Detail)	Dec. 31, 2020USD ($)
Intangible Liability Disclosure [Abstract]
2021	$ 3,161,985
2022	2,648,020
2023	2,648,020
2024	2,648,020
2025	2,648,020
Thereafter	10,493,640
Finite lived intangible assets net	$ 24,247,705

Other Assets - Additional Infor

Other Assets - Additional Information (Detail) - USD ($)	Aug. 22, 2019	Mar. 01, 2019	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Nov. 13, 2019	Apr. 03, 2015	Apr. 04, 2014	Apr. 10, 2013
Other Assets [Line Items]
Payments to acquire equity method investments				$ 1,000,000	$ 5,009,999
Equity method investment ownership percentage							20.00%	20.00%	20.00%
Renegades Holdings, Inc. [Member]
Other Assets [Line Items]
Business combination transferred others		$ 1,000,000
Payments to acquire equity method investments		2,500,000
Equity method investment aggregate cost		$ 4,500,000	$ 500,000	$ 1,000,000
Equity method investments number of shares acquired		3,750,000	416,666	833,334
Equity method investment ownership percentage					45.00%	51.00%
Carrying value of investment					$ 5,700,000
Quu Inc [Member]
Other Assets [Line Items]
Payments to acquire equity method investments	$ 1,500,000
Equity method investments number of shares acquired	10,000,000
Equity method investment ownership percentage	35.00%
Fair value adjustment On equity method investments	$ (100,000)
Carrying value of investment				$ 2,100,000	$ 2,200,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	16,949,306
Common Class A [Member] | Renegades Holdings, Inc. [Member]
Other Assets [Line Items]
Equity method investment, Number of shares issued		235,296
Equity method investment, Value of shares issued		$ 1,000,000

Other Current Liabilities - Sum

Other Current Liabilities - Summary of Other Current Liabilities (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Accrued payroll expenses	$ 5,677,375	$ 8,126,091
Deferred revenue	3,732,890	3,639,077
Income taxes payable	3,481,710	4,483,800
Trade sales payable	892,543	2,180,783
Franchise fee payable		2,500,000
Dividends payable		1,396,621
Other accrued expenses	7,203,923	5,737,995
Other current liabilities	$ 20,988,441	$ 28,064,367

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Total debt	$ 263,500,000		$ 263,500,000
Less unamortized debt issuance costs	(5,154,620)		(7,287,548)
Long-term debt	258,345,380		256,212,452
Less current installments			(7,500,000)
Long-term debt, net of current portion	258,345,380		248,712,452
Term Loan [Member]
Line of Credit Facility [Line Items]
Total debt	238,000,000		239,000,000
Revolving Credit Loan [Member]
Line of Credit Facility [Line Items]
Total debt	20,000,000		11,000,000
Promissory Note [Member]
Line of Credit Facility [Line Items]
Total debt	$ 5,500,000	$ 10,000,000	$ 13,500,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Feb. 02, 2021	Jul. 08, 2020	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2020	Jun. 30, 2021	Dec. 31, 2019	Nov. 14, 2019
Line of Credit Facility [Line Items]
Long-term debt					$ 263,500,000		$ 263,500,000
Remaining commitments under the revolving credit loan facility					$ 0
Credit facility interest rate margins					2.00%
Gain loss on modification of debt				$ 2,800,000
Payment in Kind (PIK) Note [Member] | Board of Directors Chairman [Member]
Line of Credit Facility [Line Items]
Debt instrument face value					$ 5,000,000
Long term debt stated interest rate					6.00%
Long term debt maturity					December 2023
Mr. Beasley and GGB Family Limited [Member]
Line of Credit Facility [Line Items]
Debt instrument face value					$ 5,000,000
Class A Common Stock [Member]
Line of Credit Facility [Line Items]
Stocks issued		1,276,596
Stocks issued, per share value		$ 2.35
Share price		$ 1.99
Class A Common Stock [Member] | Principal [Member]
Line of Credit Facility [Line Items]
Redemption in principal payment		$ 2,250,000
Class A Common Stock [Member] | Interest Expense [Member]
Line of Credit Facility [Line Items]
Premium on redemption of debt		$ 300,000
Subsequent Event [Member]
Line of Credit Facility [Line Items]
Stocks issued, per share value						$ 2.35
Reduction in principal, percent						50.00%
Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt					$ 238,000,000		239,000,000
Revolving credit loan and term loan carried interest					5.25%
Term Loan [Member] | Floor Rate [Member]
Line of Credit Facility [Line Items]
Term loan facility interest rate					1.00%
Revolving Credit Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt					$ 20,000,000		11,000,000
Revolving credit facility maximum commitment					$ 20,000,000		$ 20,000,000
Revolving credit loan and term loan carried interest					4.40%		5.80%
Credit facility interest rate margins					0.00%
Promissory Note [Member]
Line of Credit Facility [Line Items]
Long-term debt			$ 10,000,000	$ 10,000,000	$ 5,500,000		$ 13,500,000
Promissory Note [Member] | E Sports Team [Member]
Line of Credit Facility [Line Items]
Debt instrument face value								$ 16,500,000
New Promissory Note [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins					10.00%
Credit facility interest rate margins, quarterly					5.00%
Existing Credit Agreement [Member]
Line of Credit Facility [Line Items]
Long-term debt					$ 258,000,000
New Credit Agreement [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins					4.25%
New Credit Agreement [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins					3.25%
Amended Credit Facility Two Thousand and Twenty One [Member]
Line of Credit Facility [Line Items]
Increase in the applicable interest rate			0.25%
Long-term debt covenants aggregate leverage ratio			4.5
Amended Credit Facility Two Thousand and Twenty One [Member] | Credit Agreement not Refinanced [Member]
Line of Credit Facility [Line Items]
Increase in the applicable interest rate			0.25%
Amended Credit Facility Two Thousand and Twenty One [Member] | Leverage Ratio Greater than 3.5 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow			50.00%	50.00%
Amended Credit Facility Two Thousand and Twenty One [Member] | Leverage Ratio Less than or Equal To 3.5 Times and Greater than 3.0 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow			25.00%	25.00%
Amended Credit Facility Two Thousand and Twenty One [Member] | Leverage Ratio Less than or Equal to 3.0 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow			0.00%	0.00%
Amended Credit Facility Two Thousand and Twenty One [Member] | Leverage Ratio Greater than 4.5 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow			75.00%	75.00%
Amended Credit Facility Two Thousand and Twenty One [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Fees in percentage terms on the revolving credit facility			3.00%
Long-term debt covenants aggregate leverage ratio			5
Amended Credit Facility Two Thousand and Twenty One [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Fees in percentage terms on the revolving credit facility			1.50%
Liquidity amount to be maintained			$ 8,500,000	$ 8,500,000
8.625% senior secured notes due on February 1, 2026 | Subsequent Event [Member]
Line of Credit Facility [Line Items]
Revolving credit facility and term loan maturity date	Feb. 1, 2026
Debt Instrument, Interest Rate, Stated Percentage	8.625%
Debt instrument face value	$ 300,000,000
Debt instrument, frequency of periodic payment	semiannually

Leases - Summary Of Lease Cost

Leases - Summary Of Lease Cost (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lease cost
Operating lease cost	$ 10,441,532	$ 10,190,243
Finance lease cost:
Amortization of right-of-use asset	13,333	22,088
Interest on lease liability	5,371	11,285
Short-term lease cost	28,800	28,800
Total lease cost	10,489,036	10,252,416
Other information
Operating cash flows from operating leases	10,775,742	9,901,889
Operating cash flows from finance lease	5,371	11,285
Financing cash flows from finance lease	64,821	67,492
Right-of-use assets obtained in exchange for new operating lease liabilities	1,823,807	5,523,800
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 0	$ 0
Weighted-average remaining lease term – operating leases	6 years
Weighted-average remaining lease term – finance lease	25 years
Weighted-average discount rate – operating leases	8.20%
Weighted-average discount rate – finance lease	3.90%

Leases - Summary Of Future Mini

Leases - Summary Of Future Minimum Payments (Detail)	Dec. 31, 2020USD ($)
2021	$ 10,703,432
2022	9,545,225
2023	8,141,094
2024	6,865,454
2025	5,775,905
Thereafter	14,164,891
Total lease payments	55,196,001
Less imputed interest	(18,484,783)
Present value of lease liabilities	$ 36,711,218

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Contribution Plan Disclosure [Line Items]
Minimum percentage of employee contribution to defined contribution plan	1.00%
Amount of employee contribution to defined contribution plan	$ 19,500	$ 19,000
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	26,000	25,000
Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Benefit obligations in excess of the fair value of plan assets	$ 10,805,326	9,723,866	$ 9,038,825
Defined benefit plan, assumption used to calculate discount rate description	The discount rate is based on matching the projected cash flows of the plan to the Citigroup Pension Discount Curve.
Contributions to the plan	$ 544,261	367,989
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		$ 10,800,000	$ 9,700,000

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, 2020	Dec. 31, 2019
Change in Projected Benefit Obligation
Benefit obligation at beginning of year	$ 9,723,866	$ 9,038,825
Interest cost	279,778	340,302
Actuarial loss	1,345,943	712,728
Benefits paid	(544,261)	(367,989)
Benefit obligation at end of year	$ 10,805,326	$ 9,723,866

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, 2020	Dec. 31, 2019
Change in Plan Assets
Employer contribution	$ 544,261	$ 367,989
Benefits paid	(544,261)	(367,989)
Funded status	(10,805,326)	(9,723,866)
Unrecognized net actuarial (gain) loss	1,939,269	593,326
Cumulative employer contributions in excess of the net periodic pension cost	$ (8,866,057)	$ (9,130,540)

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, 2020	Dec. 31, 2019
Amounts Recognized in the Statement of Financial Position
Current liabilities	$ (542,110)	$ (493,735)
Noncurrent liabilities	(10,263,216)	(9,230,131)
Net amount recognized	$ (10,805,326)	$ (9,723,866)

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, 2020	Dec. 31, 2019
Amounts Recognized in Accumulated Other Comprehensive Income
Net actuarial loss	$ 1,939,269	$ 593,326
Total (before tax effects)	$ 1,939,269	$ 593,326

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, 2020	Dec. 31, 2019
Information for Pension Plans with an Accumulated Benefit Obligation in excess of Plan Assets
Projected benefit obligation	$ 10,805,326	$ 9,723,866
Accumulated benefit obligation	$ 10,805,326	$ 9,723,866

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, 2020	Dec. 31, 2019
Weighted-average assumptions for Disclosure
Discount rate	2.10%	2.95%
Mortality table	Pri-2012 WC	Pri-2012
mortality improvement scale	MP-2020	MP-2019

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, 2020	Dec. 31, 2019
Net periodic benefit cost
Interest cost	$ 279,778	$ 340,302
Net periodic benefit cost	$ 279,778	$ 340,302

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, 2020	Dec. 31, 2019
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net actuarial loss	$ 1,345,943	$ 712,728
Total recognized in other comprehensive income (before tax effects)	1,345,943	712,728
Total recognized in net benefit cost and other comprehensive income (before tax effects)	$ 1,625,721	$ 1,053,030

Employee Benefit Plans - Summ_9

Employee Benefit Plans - Summary of Amounts Expected to be Recognized in Net Periodic Cost in Coming Year (Detail)	Dec. 31, 2020USD ($)
Supplemental Employee Retirement Plan [Member]
Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year
(Gain) loss recognition	$ 143,362

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, 2020	Dec. 31, 2019
Weighted-average assumptions used to determine Net Periodic Benefit Cost
Discount rate	2.95%	4.00%
Corridor	10.00%	10.00%
Average future working lifetime	6 years 5 months 23 days	6 years 5 months 15 days
Mortality table	Pri-2012	RP-2014
Mortality improvement scale	MP-2019	MP-2018

Employee Benefit Plans - Sum_11

Employee Benefit Plans - Summary of Estimated Future Benefit Payments (Detail) - Supplemental Employee Retirement Plan [Member]	Dec. 31, 2020USD ($)
Defined Contribution Plan Disclosure [Line Items]
2021	$ 542,110
2022	545,375
2023	552,156
2024	576,377
2025	603,510
2026-2030	2,963,215
Estimated contributions for 2021	$ 542,110

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
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 seven 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	$ 65,951	$ 214,735
Payments for treasury stock, shares	37,106
Cash dividends paid	$ 2,795,504	$ 5,539,608

Revenue - Composition of Revenu

Revenue - Composition of Revenue (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Net revenue	$ 206,143,861	$ 261,554,114
Commercial Advertising [Member]
Disaggregation of Revenue [Line Items]
Net revenue	171,830,152	224,314,435
Digital Advertising [Member]
Disaggregation of Revenue [Line Items]
Net revenue	21,605,742	19,815,489
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 12,707,967	$ 17,424,190

Revenue - Deferred Revenue (Det

Revenue - Deferred Revenue (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 3,732,890	$ 3,639,077
Losses on receivables	$ 2,318,987	$ 557,582

Revenue - Trade Sale Revenue (D

Revenue - Trade Sale Revenue (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 956,999	$ 1,691,295
Trade sales payable	892,543	2,180,783
Trade sales revenue	$ 4,980,829	$ 8,710,014

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock granted | $	$ 1.2
Cost expected to be recognized over a weighted-average period	2 years 9 months 18 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	5 years
Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized | shares	7,500,000

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units and Restricted Stock Activity (Detail) - 2007 Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance	476,667	429,833
Granted, Shares	206,750	343,518
Vested, Shares	(130,333)	(201,300)
Forfeited, Shares	(99,583)	(95,384)
Unvested Shares, Ending Balance	453,501	476,667
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance	$ 4.94	$ 9.77
Granted, Weighted-Average Grant-Date Fair Value	2.99	3.49
Vested, Weighted-Average Grant-Date Fair Value	5.48	9.03
Forfeited, Weighted-Average Grant-Date Fair Value	3.22	4.50
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance	$ 4.11	$ 4.94
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance	32,000	101,500
Vested, Shares	(14,500)	(54,000)
Forfeited, Shares	(5,000)	(15,500)
Unvested Shares, Ending Balance	12,500	32,000
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance	$ 5.01	$ 6.42
Vested, Weighted-Average Grant-Date Fair Value	5.14	5.11
Forfeited, Weighted-Average Grant-Date Fair Value	4.65	4.07
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance	$ 4.84	$ 5.01

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Benefit) (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ (5,056,987)	$ 6,258,953
State		2,092,750
Current Income Tax Expense	(5,056,987)	8,351,703
Deferred:
Federal	982,431	(1,607,189)
State	(1,111,436)	(146,763)
Deferred Income Tax Expense	(129,005)	(1,753,952)
Income Tax Expense (Benefit)	$ (5,185,992)	$ 6,597,751

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Federal statutory rate	21.00%
Net operating losses, state	$ 25,200,000
Net operating losses expiration date	2040
Net operating losses, federal	$ 24,100,000
Accrued income taxes current	3,481,710	$ 4,483,800
Domestic Tax Authority [Member]
Income taxes paid		$ 5,100,000	$ 5,100,000
Accrued income taxes current	3,100,000
State and Local Jurisdiction [Member]
Accrued income taxes current	$ 300,000

Income Taxes - Schedule of In_2

Income Taxes - Schedule of Income Tax Expense (Benefit), Federal Statutory Rate (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Expected tax expense (benefit)	$ (5,018,846)	$ 4,166,309
State income taxes, net of federal benefit	(878,034)	4,263,192
Tax rate adjustments	(109,421)	290,381
Change in valuation allowance	(3,074)	(3,450,458)
Non-deductible items	535,080	1,055,121
Other	288,303	273,206
Income Tax Expense (Benefit)	$ (5,185,992)	$ 6,597,751

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Deferred Tax Assets and Liabilities (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Allowance for doubtful accounts	$ 1,330,493	$ 567,702
Other assets	(474,351)	(979,560)
Accrued expenses	765,531	786,001
Other long-term liabilities	2,928,717	2,663,792
Stock-based compensation	138,809	149,087
Net operating losses	1,398,872	94,878
Subtotal	6,088,071	3,281,900
Valuation allowance	(308,140)	(311,214)
Total	5,779,931	2,970,686
Deferred tax liabilities:
Prepaid expenses	(85,946)	(91,665)
Property and equipment	(4,051,119)	(1,827,323)
Intangibles	(122,556,849)	(122,182,694)
Total	(126,693,914)	(124,101,682)
Net deferred tax liabilities	$ (120,913,983)	$ (121,130,996)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Net Income Per Share (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income (loss) attributable to BBGI stockholders	$ (17,765,922)	$ 13,450,224
Weighted-average shares outstanding:
Basic weighted shares outstanding	28,386,456	27,730,392
Effect of dilutive restricted stock units and restricted stock		47,458
Diluted	28,386,456	27,777,850
Net income (loss) per Class A and Class B common share – basic	$ (0.63)	$ 0.49
Net income (loss) per Class A and Class B common share – diluted	$ (0.63)	$ 0.48

Earnings Per Share - Additional

Earnings Per Share - Additional information (Detail)	12 Months Ended
	Dec. 31, 2020shares
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	29,406

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)

Mar. 28, 2019USD ($)

Jun. 18, 2018USD ($)

Feb. 22, 2017USD ($)

May 03, 2016USD ($)

Nov. 17, 2015Automatic-Renewal

Apr. 04, 2014USD ($)

Apr. 10, 2013USD ($)

Jul. 31, 2012USD ($)

Feb. 14, 2012USD ($)

Mar. 25, 2011USD ($)shares

Dec. 31, 2020USD ($)Radio-StationsTower

Dec. 31, 2019USD ($)

Oct. 16, 2015USD ($)

Apr. 03, 2015

Related Party Transaction [Line Items]

Proceeds from sale of tower

$ 4,631,566

$ 26,349,462

Percentage of outstanding units ownership interest in Investee

20.00%

20.00%

20.00%

Impairment losses

8,970,812

13,657,941

Payment in Kind (PIK) Note [Member] | Board of Directors Chairman [Member]

Related Party Transaction [Line Items]

Debt instrument face value

$ 5,000,000

Long term debt stated interest rate

6.00%

Long term debt maturity

December 2023

Augusta GA [Member]

Related Party Transaction [Line Items]

Proceeds from sale of tower

$ 500,000

Beasley Broadcasting Management, LLC [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 200,000

200,000

Beasley Family Towers Inc [Member] | April 30, 2021 [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 0

0

Lease agreement expiration date

Apr. 30, 2021

Number of radio towers sold to unrelated party | Automatic-Renewal

2

Repayment of prepaid rent to related party

$ 100,000

Beasley Family Towers Inc [Member] | April 30, 2021 [Member] | Prepaid Rent [Member]

Related Party Transaction [Line Items]

Prepaid expense paid by related party

100,000

Beasley Family Towers Inc [Member] | December 28, 2020 [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 400,000

400,000

Number of radio stations for which radio tower leased | Radio-Stations

19

Lease agreement expiration date

Dec. 28, 2020

Beasley Family Towers Inc [Member] | Lease Agreements Three [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 100,000

200,000

Number of radio towers sold for radio station | Tower

1

Lease agreement expiration date

Dec. 31, 2038

GGB Augusta, LLC [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 41,000

44,000

Lease agreement expiration date

Nov. 1, 2023

GGB Estero, LLC [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 200,000

200,000

Lease agreement expiration date

Aug. 31, 2024

GGB Las Vegas, LLC [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 200,000

200,000

Lease agreement expiration date

Dec. 31, 2023

LN2 DB, LLC [Member]

Related Party Transaction [Line Items]

Additional contribution to related party

$ 150,000

$ 150,000

$ 166,667

$ 104,167

$ 104,167

$ 104,167

$ 62,500

$ 250,000

Related party stock purchase | shares

25,000

Percentage of outstanding units ownership interest in Investee

20.00%

20.00%

20.00%

Note bearing interest rate

18.00%

Conversion of note receivable and accrued interest to equity investment

$ 187,618

Impairment losses

1,300,000

Wintersrun Communications Inc

Related Party Transaction [Line Items]

Lease or rental expense

$ 100,000

100,000

Number of radio stations for which radio tower leased | Radio-Stations

1

Wintersrun Communications Inc | Prepaid Rent [Member]

Related Party Transaction [Line Items]

Prepaid expense paid by related party

$ 300,000

Wintersrun Communications Inc | Augusta GA [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 31,000

Lease agreement expiration date

Oct. 16, 2025

Wintersrun Communications Inc | Charlotte, NC [Member]

Related Party Transaction [Line Items]

Number of radio towers sold for radio station | Tower

1

Wintersrun Communications, LLC

Related Party Transaction [Line Items]

Lease agreement expiration date

Dec. 31, 2025

Wintersrun Communications, LLC | Augusta GA [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 31,000

Wintersrun Communications, LLC | Charlotte, NC [Member]

Related Party Transaction [Line Items]

Proceeds from sale of tower

$ 400,000

Mr Beasley And Ggb Family Limited [Member]

Related Party Transaction [Line Items]

Debt instrument face value

$ 5,000,000

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Payments to Third Parties for the Next Five Years and Thereafter (Detail)	Dec. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
2021	$ 24,621,730
2022	24,469,796
2023	7,457,266
2024	6,750,000
2025	6,750,000
Thereafter	34,775,000
Total	$ 104,823,792

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 263,500,000	$ 263,500,000
Term Loan [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 238,000,000	$ 239,000,000

Schedule I - Valuation and Qual

Schedule I - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Allowance for Doubtful Accounts (Deducted from Accounts Receivable) [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 2,145,599	$ 2,010,721
Charged to Costs and Expenses	5,206,423	692,460
Deductions	2,318,987	557,582
Balance at End of Period	5,033,035	2,145,599
Valuation Allowance for Deferred Tax Assets [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	311,214	3,760,454
Charged to Costs and Expenses		87,665
Deductions	3,074	3,536,905
Balance at End of Period	$ 308,140	$ 311,214