BEASLEY BROADCAST GROUP ANNOUNCES THE 2010 WINNERS OF ITS ANNUAL OPERATING AWARDS

NAPLES, Florida, August 30, 2010 – Beasley Broadcast Group, Inc. (NASDAQ: BBGI), is pleased to announce the winners of its annual Company Operating Awards.  Each year, at the Company’s annual gathering of General Managers, Beasley recognizes noteworthy achievements, operating success and contributions from individual Beasley employees and radio stations over the preceding twelve months.

The 2010 honorees include:

·         Tom Humm – General Manager of the Year  / Las Vegas Market

·         Leo Baldwin – Program Director of the Year / Philadelphia Market

·         Cory Cuddeback – Sales Manager of the Year / Las Vegas Market

·         Kelly Baldwin – Business Manager of the Year / Philadelphia Market

·         Richard Gallow – Engineer of the Year / Southwest Florida Market

·         96.3 KKLZ FM – Radio Station of the Year / Las Vegas Market

“As Beasley’s Founder, Chairman and CEO, honoring excellence within our Company is the one of the most enjoyable aspects of my job,” commented George G. Beasley.  “It is my great pleasure to recognize five professionals who have excelled in their respective roles and whose efforts have contributed greatly to our Company’s success this past year.  Additionally, it is my privilege to acknowledge an entire staff that elevated their radio station to become Beasley’s ‘Radio Station of the Year’ for 2010.  The work ethic and dedication all of these men and women bring to their jobs each and every day is truly impressive and greatly appreciated.”

The “General Manager of the Year” selection is based on the overall operation of the station or stations under his or her management.  This year’s winner, Tom Humm, joined the Company in 2008 as Market Manager for Beasley’s Las Vegas properties. A Las Vegas native, Mr. Humm’s successful radio career spans 30 years in his hometown. In a relatively short period of time, Mr. Humm built a phenomenal team that under his leadership generated tremendous year-over-year growth for all three Beasley Las Vegas radio stations. These stations include: 96.3 KKLZ-FM, 102.7 Coyote Country KCYE-FM and Newstalk 720 AM KDWN. 

Beasley bestows an annual “Program Director of the Year” award to recognize the important task of providing creative and compelling content, and consistent ratings leadership. Leo Baldwin, Program Director for Wired 96.5 WRDW-FM in Philadelphia, was selected for consistently achieving strong ratings (# 1 in their target demographic of 18-34 year-olds) in a very competitive landscape.  Baldwin joined Beasley Broadcast in 2005 and this is the second straight year in which Leo has received this prestigious award.

Cory Cuddeback, General Sales Manager for Beasley’s Las Vegas radio stations, was recognized as “General Sales Manager of the Year.” A radio veteran of 20 years, Mr. Cuddeback capably led the Las Vegas sales team this past year and is celebrated for achieving revenue increase in same-station, year-over-year sales despite an extremely tough market.

Business Manager for five radio stations in the Philadelphia and Wilmington markets, Kelly Baldwin, was selected as the 2010 “Business Manager of the Year.”  Ms. Baldwin joined the Company in 1997 and this is the third time that she has been so honored for demonstrating excellence in all areas of the stations’ business operations including financial reporting, accounts receivable and payable management, payroll and human resources. In the Philadelphia market, Beasley radio stations include: 92.5 WXTU-FM, Wired 96.5 WRDW-FM, 860 AM ESPN Deportes Radio and 800 AM WTMR.  Additionally, Beasley owns and operates 99.5 WJBR-FM in Wilmington, DE.

Engineers play a vital role in the successful operation of a radio station.  Richard Gallow, a 24-year Beasley employee, walks away with top honors as the 2010 “Engineer of the Year.”  Mr. Gallow was recognized for single-handedly managing all engineering aspects of five radio stations, as well as overseeing the completion of a large tower project on time and under-budget. Mr. Gallow joined Beasley in 1986 and became an engineer in Beasley’s Southwest Florida market in 1990.  Today, as the SW Florida Director of Engineering, he manages both the Engineering and IT departments of the Company’s Southwest Florida cluster, which includes:  96 K-Rock WRXK-FM; B 103.9 WXKB-FM; Sunny 106 WJPT-FM; 99X WJBX-FM; 770 ESPN Radio WWCN-AM; and four additional HD Radio™ channels.

Last, but certainly not least, 96.3 KKLZ-FM in Las Vegas was selected as Beasley’s “Radio Station of the Year” based on solid overall ratings and revenue as well as commendable community service.  We salute Market Manager, Tom Humm, Program Director, Justin Chase, and the entire team of 96.3 KKLZ professionals who played an essential role - on-air, in sales and working the business office - in achieving not only this Company honor, but also the prestige of being selected as a 2010 National Association of Broadcasters Marconi Awards Finalist.

About Beasley Broadcast Group

Founded in 1961, Beasley Broadcast Group, Inc. is a radio broadcasting company that owns or operates 42 stations (26 FM and 16 AM) located in 11 large- and mid-size markets in the United States.  The Company also operates one station in the expanded AM band in Augusta. For more information, please visit www.bbgi.com.

National Association of Broadcaster, Executive VP Communication, Dennis Wharton announced to the staff yesterday that director of media relations, Kris Jones has been promoted to vice president, media relations. Kris has been with NAB just over 5 years, beginning a Media Relations coordinator, then was promoted to manager and later director. Kris is 29 and a graduate of Washington State University.....

(Ed Note) To all that know Kris he is a special person and well deserving of his new honor...

The National Radio Board for the NAB met for over three hours today in Washington to discuss proposals on compromising with the RIAA's push to collect royalties from radio stations for playing music over the air.  Dennis Wharton, NAB Spokesman said the meeting was an educational update on the status of on going discussions with "musicFirst," the RIAA's collection arm.

Dennis explained, "The NAB Radio Board had a full and productive exchange of ideas today on the status of discussions with musicFirst representatives. The talks are part of an ongoing dialogue with the Board and NAB membership on possible alternatives to pending legislation that would be devastating to the future of free and local radio. No votes were taken at today's Board meeting. The Board reiterated its strong opposition to the pending bill in Congress, while agreeing that it is appropriate for NAB representatives to continue discussions with musicFirst. Interested parties will be updated quickly if and when new developments emerge."

PROPOSED Terms Under Consideration in Performance Tax Discussion In 2009, Rep. John Conyers (MI-14) and Sen. Patrick Leahy (VT) introduced the Performance Rights Act (PRA) in the House and Senate, respectively. The legislation was voted out of the respective Judiciary Committees and has the support of certain members of congressional leadership. Broadcasters' counter resolution – the Local Radio Freedom Act – garnered significant support, which has helped prevent further movement on PRA. At the direction of House and Senate leaders in late 2009, NAB met with MusicFirst – representing artists, labels and unions. To date discussions have yielded the following potential terms. These terms have NOT BEEN AGREED TO, but are under discussion by the industry.  They include:  • Tiered rate of 1% or less for all net revenue (roughly $100 million for the industry) which is permanent and can not be adjusted without changing statute or by mutual agreement • PERMANENT removal of CRB jurisdiction for terrestrial and streaming • Streaming rate reduction from current rates • Inclusion of radio chips on all mobile phones • AFTRA issues resolved (agency commercial replacement on webcasts) The tiered rate of 1% or less for all net revenue would be as follows: • Commercial and non-profit stations with revenue less than $50,000 annually would pay the lesser of $100 or 1% of revenue annually • Commercial and non-profit stations with revenue between $50,000 to $100,000 annually would pay $500 annually • Non-profit stations with revenue more than $100,000 annually would pay $1,000 annually • Commercial stations with revenue between $100,000 to $500,000 annually would pay the lesser of $2,500 or 1% of revenue annually • Commercial stations with revenue between $500,000 to $1,250,000 annually would pay $5,000 annually • Commercial stations with revenue more than $1,250,000 annually would pay 1% of revenue annually It is important to note that stations with incidental music use – news, talk and sports radio – would not pay for music. Additionally, religious services – not religious music – would be exempt from music fees. The above referenced rates would be permanently fixed by statute and can only be changed by act of Congress or joint agreement between both parties.

NPD's smart phone research arm reported that Android based phones have taken over the smart phone market...For the first time since 2007 the Blackberry OS has dropped to second with iPhones third.  The difference in NPD research is they only take into account the consumer purchases over the counter  and do not count the bulk corporate buys.  Android is now installed in one of every three smartphones sold at retail. Google reported yesterday they're averaging the sale of over 200,000 Android based phones a day now, and have just gone over 100,000 available apps. Here' s the press release for NPD.

PORT WASHINGTON, NEW YORK, August 4, 2010 - Riding the wave of new handset introductions and wide carrier distribution in the second quarter (Q2), the Android smartphone operating system (OS) continued its upward climb in the U.S. consumer mobile phone market, according to The NPD Group, a leading market research company. For the first time since the fourth quarter (Q4) of 2007, RIM fell to second position, as Android took the lead among operating systems in handsets sold to U.S. consumers. NPD’s latest wireless market research reveals that Android accounted for 33 percent of all smartphones purchased in Q2, ahead of RIM (28 percent) and Apple (22 percent).

“For the second consecutive quarter, Android handsets have shown strong but slowing sell-through market share gains among U.S. consumers,” said Ross Rubin, executive director of industry analysis for NPD. “While the Google-developed OS took market share from RIM, Apple’s iOS saw a small gain this quarter on the strength of the iPhone 4 launch.”

Based on U.S. consumer purchases of mobile phones in Q2, the top 5 Android smartphones were as follows:

1. Motorola Droid
2. HTC Droid Incredible
3. HTC EVO 4G
4. HTC Hero
5. HTC Droid Eris

“Blackberry 6 will soon offer features that have been popular in recently launched Android handsets, such as support for capacitive touchscreens and a WebKit-based browser. However, the Blackberry Torch lacks the large screen allure that has characterized the best selling Android devices at its price point, including the Droid Incredible and EVO 4G,” Rubin said.

Model selection and promotions continue to play a role in the race for carrier dominance. According to NPD’s Mobile Phone Track, Verizon Wireless has maintained its lead among top carriers for the last three quarters comprising a third (33 percent) of the units sold in the U.S. mobile phone market in Q2, followed by AT&T (25 percent), Sprint (12 percent), and T-Mobile (11 percent). In Q2 Verizon Wireless continued their buy-one-get-one (BOGO) offers on all smartphones, including both RIM and Android models.

In spite of an overall decline in the number of mobile phones purchased year over year, the ongoing popularity of both messaging phones and smartphones, which are generally more costly than standard feature phones, resulted in slightly higher prices for all mobile phones in Q2. The average selling price for all mobile phones reached $90, which is a 3 percent increase since Q2 last year. Smartphone unit prices, by comparison, averaged $143 in Q2 2010, which is a 9 percent decrease over the previous year.