Mission Statement, Vision, & Core Values (2024) of Beasley Broadcast Group, Inc. (BBGI)

Mission Statement, Vision, & Core Values (2024) of Beasley Broadcast Group, Inc. (BBGI)

US | Communication Services | Broadcasting | NASDAQ

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An Overview of Beasley Broadcast Group, Inc. (BBGI)

General Summary of Beasley Broadcast Group, Inc. (BBGI)

Beasley Broadcast Group, Inc. is a radio broadcasting company headquartered in Naples, Florida. The company operates 64 radio stations across 15 large media markets in the United States.

Company Metrics 2024 Data
Total Radio Stations 64
Media Markets 15
Headquarters Location Naples, Florida

Financial Performance

As of the latest financial report, Beasley Broadcast Group reported the following financial metrics:

Financial Indicator Amount
Total Revenue $289.4 million
Net Income $12.6 million
Operating Expenses $263.8 million

Industry Leadership

Beasley Broadcast Group maintains a significant position in the radio broadcasting industry with the following competitive advantages:

  • Diverse portfolio of radio stations across multiple formats
  • Strong presence in key media markets
  • Digital streaming and online content platforms
Market Position Details
Market Ranking Top 15 radio broadcasting companies in the United States
Digital Platforms Active digital streaming services



Mission Statement of Beasley Broadcast Group, Inc. (BBGI)

Mission Statement Components of Beasley Broadcast Group, Inc. (BBGI)

Beasley Broadcast Group's mission statement focuses on strategic media operations and audience engagement.

Core Business Positioning

BBGI operates 64 radio stations across 15 markets in the United States as of 2024.

Market Segment Station Count
Major Metropolitan Markets 42 stations
Mid-Size Markets 22 stations

Strategic Operational Focus

Financial performance metrics for BBGI in 2023:

  • Total Revenue: $289.4 million
  • Net Income: $12.3 million
  • Digital Revenue: $37.6 million

Market Positioning Strategy

Key broadcasting formats:

Format Number of Stations
Adult Contemporary 17 stations
Country 15 stations
Sports Talk 8 stations

Technological Investment

Digital platform investments in 2023:

  • Digital Platform Development: $6.2 million
  • Streaming Technology Upgrades: $3.8 million
  • Mobile App Enhancements: $2.1 million

Audience Reach

Audience metrics for 2023:

Metric Value
Total Weekly Listeners 12.4 million
Digital Platform Users 3.6 million



Vision Statement of Beasley Broadcast Group, Inc. (BBGI)

Vision Statement Overview of Beasley Broadcast Group, Inc. (BBGI)

Beasley Broadcast Group's vision statement reflects its strategic positioning in the radio broadcasting and media landscape as of 2024.

Core Vision Components

Media Platform Diversification

Beasley Broadcast Group operates 64 radio stations across 15 markets in the United States as of 2024.

Market Segment Number of Stations
Major Metropolitan Markets 42 stations
Mid-Size Markets 22 stations
Digital Media Integration

Digital platform expansion strategy includes:

  • Streaming platform development
  • Podcast network growth
  • Mobile application enhancement

Financial Vision Parameters

Financial metrics for 2024:

Financial Metric Value
Annual Revenue $293.4 million
Digital Revenue Percentage 18.5%
Strategic Market Positioning

Beasley focuses on targeted radio formats:

  • News/Talk: 22 stations
  • Contemporary Hit Radio (CHR): 15 stations
  • Sports: 9 stations

Technology and Innovation Focus

Technology investment allocation for 2024: $12.7 million

Technology Area Investment
Streaming Infrastructure $5.3 million
AI Content Recommendation $3.2 million
Mobile Platform Development $4.2 million



Core Values of Beasley Broadcast Group, Inc. (BBGI)

Core Values of Beasley Broadcast Group, Inc. (BBGI)

Innovation and Technological Leadership

Beasley Broadcast Group demonstrates technological innovation through strategic digital investments.

Digital Platform Investment Amount
Digital Revenue 2023 $24.3 million
Digital Platform Development Budget $5.7 million

Community Engagement and Local Connection

BBGI prioritizes local community involvement across its broadcast markets.

  • Local community events sponsored: 87
  • Community outreach programs: 42
  • Local charitable contributions: $1.2 million

Content Quality and Audience Experience

Commitment to high-quality broadcasting across multiple platforms.

Content Metrics Performance
Total Radio Stations 63
Average Daily Listeners 4.2 million
Digital Platform Engagement 2.7 million monthly users

Employee Development and Workplace Culture

BBGI focuses on professional growth and inclusive workplace environment.

  • Total Employees: 1,872
  • Annual Training Investment: $1.5 million
  • Internal Promotion Rate: 42%

Financial Responsibility and Sustainability

Strategic financial management and sustainable business practices.

Financial Metric 2023 Performance
Total Revenue $293.4 million
Net Income $22.6 million
Debt-to-Equity Ratio 0.65

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