Beasley Acquires Two Stations in Elizabethtown, North Carolina for $850,000.

Business Editors

NAPLES, Fla. & ELIZABETHTOWN, N.C.--(BUSINESS WIRE)--June 15, 2004

Beasley Broadcast Group, Inc. (Nasdaq: BBGI), a large- and mid-size market radio broadcaster, today announced that one of its subsidiaries has entered into a definitive asset purchase agreement with Sound Business of Elizabethtown, Inc. to acquire for $850,000 WGQR-FM 105.7/WBLA-AM 1440, which simulcast an 'Oldies and Beach' format.

The acquisition complements Beasley's six-station market clusters in nearby Fayetteville and Greenville-New Bern-Jacksonville, North Carolina, further extending the Company's broadcasting reach across Eastern North Carolina. Lee Hauser, President and General Manager of WGQR/WBLA, will continue to manage the station. No format changes are anticipated.

George G. Beasley, Chairman and Chief Executive Officer of the Beasley Broadcast Group, said, "We have always been bullish about the economy in North Carolina, and the purchase of these two heritage stations is a good opportunity to enhance our profile with listeners and advertisers in this vibrant region. We welcome Lee to the Beasley Broadcast Group family and look forward to working with his operating team to expand the station's appeal and growth prospects."

The acquisition is expected to close by the end of 2004.

About Beasley Broadcast Group

Founded in 1961, Beasley Broadcast Group, Inc. is a radio broadcasting company that, upon completion of this acquisition, will own or operate 43 stations (27 FM and 16 AM) located in ten large- and mid-size markets in the United States.

Note Regarding Forward-Looking Statements:

Statements in this release that are "forward-looking statements" are based upon current expectations and assumptions, and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "intends", "expects," "expected," "anticipates" or variations of such words and similar expressions are intended to identify such forward-looking statements. Key risks are described in the Company's reports filed with the Securities and Exchange Commission (SEC). Readers should note that these statements are subject to change and to inherent risks and uncertainties and may be impacted by several factors, including: economic and regulatory changes, the loss of key personnel, a downturn in the performance of our large-market radio stations, the Company's substantial debt levels, and changes in the radio broadcast industry generally. The Company's actual performance and results could differ materially because of these factors and other factors discussed in the "Management's Discussion and Analysis of Results of Operations and Financial Condition" of our SEC filings, including but not limited to annual reports on Form 10-K or quarterly reports on Form 10-Q, copies of which can be obtained from the SEC, www.sec.gov, or our website, www.bbgi.com. These statements do not include the potential impact of any acquisitions or dispositions announced or completed after June 15, 2004. All information in this release is as of June 15, 2004, and the Company undertakes no obligation to update the information contained herein to actual results or changes to the Company's expectations.