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 our reports filed with the SEC including in our Annual Report on Form 10-K for the year ended December 31, 2009. Readers should note that forward-looking statements are subject to change and to inherent risks and uncertainties and may be impacted by several factors, including: a continuation or worsening of the current economic downturn and regulatory changes, the effect of radio station acquisitions or dispositions that we may make, the loss of key personnel, a downturn in the performance of our radio stations, our substantial debt levels and changes in the radio broadcast industry generally. Our 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 . All information in this release is as of February 8, 2011, and we undertake no obligation to update the information contained herein to actual results or changes to our expectations.

-tables follow- 
BEASLEY BROADCAST GROUP, INC.
Consolidated Statements of Operations (Unaudited)
 
  Three Months Ended December 31, Twelve Months Ended December 31,
  2010 2009 2010 2009
Net revenue $ 26,986,380 $ 26,162,889 $ 97,971,404 $ 96,747,373
Operating (income) expense:        
Station operating expenses (including stock-based compensation and excluding depreciation and amortization shown separately below) (1) (2) 16,551,702 18,389,531 64,577,927 70,018,783
Corporate general and administrative expenses (including stock-based compensation) (3)     1,957,952     1,607,327     7,858,132     7,622,490
Depreciation and amortization 663,050 759,399 2,652,841 2,886,854
Net gain on sale or disposal of assets (4) -- 12,540 -- (1,483,796)
Total operating expenses 19,172,704 20,768,797 75,088,900 79,044,331
Operating income 7,813,676 5,394,092 22,882,504 17,703,042
Non-operating income (expense):        
Interest expense (2,433,648) (2,593,201) (10,006,091) (10,121,647)
Loss on extinguishment of long-term debt (5) -- -- -- (513,642)
Other income (expense), net 52,926 71,563 376,748 312,193
Income before income taxes 5,432,954 2,872,454 13,253,161 7,379,946
Income tax expense 2,100,353 1,520,323 5,267,536 3,931,831
Net income $ 3,332,601 $ 1,352,131 $ 7,985,625 $ 3,448,115
         
Basic net income per share $ 0.15 $ 0.06 $ 0.36 $ 0.15
Diluted net income per share $ 0.15 $ 0.06 $ 0.35 $ 0.15
Basic common shares outstanding 22,529,460 22,397,871 22,493,350 22,356,389
Diluted common shares outstanding 22,611,744 22,493,420 22,575,068 22,435,475

(1) We refer to "Cost of services," and "Selling, general and administrative" together as "station operating expenses" for the "Calculation of SOI" and "Reconciliation of SOI to Net Income" below.