Beasley Broadcast Group Initiates Quarterly Cash Dividend of $0.0625 Per Share.

NAPLES, Fla. -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI), a large- and mid-size market radio broadcaster, today announced that its Board of Directors authorized the initiation of a regular quarterly cash dividend of $0.0625 per share of its Class A and Class B common stock. The first dividend is payable on January 20, 2006, to shareholders of record on December 30, 2005.

George G. Beasley, Chairman and Chief Executive Officer of Beasley, commented, "The initiation of a quarterly dividend reflects both the free cash flow generated by our radio station assets as well as our commitment to deliver value to our shareholders. It's important to note that given the Company's prospects and the attractive valuation of Beasley's common stock, we also expect to continue to opportunistically repurchase our shares pursuant to the current authorization that now has approximately $23 million remaining. The dividend payments and share repurchases, combined with our operating and debt reduction initiatives, collectively support our goal of increasing shareholder value."

While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.

Founded in 1961, Beasley Broadcast Group, Inc. is a radio broadcasting company that owns or operates 41 stations (26 FM and 15 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 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 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 November 3, 2005. All information in this release is as of November 3, 2005, and the Company undertakes no obligation to update the information contained herein to actual results or changes to the Company's expectations.