BEASLEY BROADCAST GROUP INC

Analysis for Ticker: BBGI

Beasley Broadcast Group Inc presents itself as a multi-platform media powerhouse operating fifty radio stations and reaching twenty million weekly listeners in major markets like Philadelphia and Las Vegas. The reality is a financial disaster where the math has stopped working. Imagine a person who owns a house worth 100$, but they owe a bank 200$ and have to pay 11% interest on that debt every month just to keep the front door open. This is the state of a company that carries 235,2$ million in debt against a total equity that is a staggering negative 176,4$ million. While they claim their digital segment is growing to 25% of revenue, they are losing 196,5$ million a year, and the only people getting rich are the insiders extracting rent from the dying business.