Exhibit 99.1

Webcast: Today, March 6, 2015 at 10:00 a.m. ET

www.bbgi.com

Replay information provided below

BEASLEY BROADCAST GROUP REPORTS FOURTH QUARTER RESULTS

NAPLES, Florida, March 6, 2015 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley,” “Beasley Broadcast” or the “Company”), a large- and mid-size market radio broadcaster, today announced operating results for the three and twelve month periods ended December 31, 2014.

On December 1, 2014 the Company completed an Asset Exchange with CBS Radio Stations Inc. (CBS Radio) whereby Beasley exchanged a total of five radio stations in the Philadelphia and Miami-Fort Lauderdale markets for a total of fourteen CBS Radio stations in the Tampa-St. Petersburg, Charlotte and Philadelphia markets. As a result of the transaction, in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company is required to report the five stations that CBS Radio received under “discontinued operations” for the 2014 fourth quarter and full year, despite having operated them through November. In addition, on a GAAP basis, the fourteen stations that the Company received in the asset exchange are included in the 2014 fourth quarter and full year operating results only for the month of December. The table below summarizes the results of continuing and discontinued operations for the three and twelve month periods ended December 31, 2014 and 2013.

Summary of Fourth Quarter and Full Year 2014 Results

-more-

Please refer to the “Calculation of SOI,” “Reconciliation of SOI to Net Income,” “Calculation of Same-Station SOI,” and “Reconciliation of Same-Station SOI to Net Income” tables at the end of this announcement for a discussion regarding SOI calculations. “Continuing & Discontinued Operations,” is the sum of Continuing Operations and Discontinued Operations. Please refer to the “Pro Forma” and “Reconciliation of Pro Forma SOI to Net Income” tables at the end of this announcement for a discussion regarding our pro forma results.

Commenting on the results, George G. Beasley, Chairman and Chief Executive Officer, said, “On a reported basis, fourth quarter net revenue from continuing operations rose 23.5% and SOI increased 14.6%, while operating income of $1.8 million was impacted by $1.7 million of transaction and termination expenses related to the Asset Exchange and otherwise would have compared favorably with the $2.8 million in the comparable year ago period.

-more-

“However, given the required accounting treatment for discontinued operations, the results include only one month of operations from the stations we received in the asset exchange, while excluding the results of the stations we gave up in the transaction. As a result, we believe a pro forma presentation, which assumes the asset exchange occurred on January 1, 2013, better reflects the operating results. On a pro forma basis, fourth quarter net revenue decreased 4.3% to $28.9 million while SOI declined 8.0% to $9.2 million. Importantly, while the fourth quarter pro forma presentation allows for a comparison of the same stations during both periods, it does not reflect our recently initiated and planned format and personnel changes in Tampa as well as expense reductions in Tampa and Charlotte, the benefits of which we expect will be reflected in our results as we move through 2015 and into 2016.

“With respect to the new markets we now operate in, Tampa-St. Petersburg is the nation’s 18th largest radio market when ranked by revenue while Charlotte is the nation’s 24th largest radio revenue market. The six station cluster we now operate in Tampa-St. Petersburg is already competitive on a revenue share basis, and we have initiated several strategies to capitalize on the significant upside in this cluster. We’ve already changed the format of one station from sports talk to rock and anchored the station with the market’s leading morning show personality. We’ve made other changes in Tampa including transferring two proven Beasley managers to lead our operations in the market and appointing a new Director of Sales for the cluster who brings long-term radio and digital experience to his role in Tampa.

“The seven station cluster we acquired in Charlotte is a market revenue share leader, so our strategies in this market to drive SOI growth are focused on extending successes and driving efficiencies in operations and processes. Overall, our post-closing integration, cost-efficiency and operating plans in both markets, combined with our legacy focus on targeted localism and delivering quality programming, effective online marketing solutions and dedicated service to the listeners and advertisers in these markets are proceeding on schedule.

“In addition to our initiatives during the quarter to expand and diversify our station and digital media operations, we continue to focus on debt reduction and returning capital to shareholders. During the fourth quarter we made credit facility repayments totaling $1.3 million, reducing borrowings to $97.7 million at December 31, 2014 and declared our fifth consecutive quarterly cash dividend.

“Looking forward, we are focused on ensuring that our station clusters match or exceed their market’s revenue performance while further strengthening our balance sheet. We are actively executing post-closing integration, programming, personnel, cost-efficiency and operating plans and results to date are tracking with our expectations. Our operating initiatives continue to focus on targeted localism and delivering quality programming, effective online marketing solutions and dedicated service to the listeners and advertisers in our markets. These strategies have created long-term value for Beasley Broadcast Group and we are confident that the application of our operating and programming disciplines combined with our commitment to build strong community involvement in our markets will support our goals for growth and the enhancement of shareholder value.”

-more-

Webcast Information

The Company will host a webcast today, March 6, 2015, at 10:00 a.m. ET to discuss its financial results and operations. Interested parties may access the webcast at the Company’s web site at www.bbgi.com. Following its completion, a replay of the webcast can be accessed for five days on the Company’s web site, www.bbgi.com.

About Beasley Broadcast Group:

Founded in 1961, Beasley Broadcast Group, Inc., www.bbgi.com, is a radio broadcasting company that owns and operates 53 stations (34 FM and 19 AM) located in twelve large- and mid-size markets in the United States.

Definitions

Combined operations (non-GAAP) consists of continuing operations and discontinued operations and financial metrics presented as combined operations are calculated by adding together the respective continuing operations and discontinued operations financial metric being presented. Station Operating Income (SOI) consists of net revenue less station operating expenses. We define station operating expenses as cost of services and selling, general and administrative expenses.

Same-station results, as presented herein, compare stations operated by the Company throughout all periods presented in the following tables. For the three months ended December 31, 2014, same-station results exclude revenue and expenses from Tampa-St. Petersburg, Charlotte, and WTEL-AM in Philadelphia, all of which were acquired in December 2014. For the twelve months ended December 31, 2014, same-station results exclude revenue and expenses from Tampa-St. Petersburg, Charlotte, and WTEL-AM in Philadelphia, and KVGS-FM in Las Vegas, which was acquired in September 2013. For the twelve months ended December 31, 2013, same-station results exclude revenue and expenses from KVGS-FM in Las Vegas.

Pro forma results, as presented herein, assume the asset exchange occurred on January 1, 2013. For the three months ended December 31, 2014 and 2013, pro forma results include revenue and expenses from our stations received in Tampa-St. Petersburg, Charlotte, and WTEL-AM in Philadelphia, for the periods from October 1 to November 30, 2014 and the fourth quarter of 2013, respectively. For the twelve months ended December 31, 2014 and 2013, pro forma results include revenue and expenses from our stations received in Tampa-St. Petersburg, Charlotte, and WTEL-AM in Philadelphia, for the periods from January 1 to November 30, 2014 and the full year of 2013, respectively.

SOI, SOI from continuing operations, SOI from discontinued operations, SOI from combined operations and same-station SOI are financial measures of performance that are not calculated in accordance with GAAP. We use these non-GAAP financial measures for internal budgeting purposes. We also use SOI to make decisions as to the acquisition and disposition of radio stations. SOI, SOI from continuing operations, SOI from discontinued operations, SOI from combined operations and same-station SOI exclude corporate-level costs and expenses and depreciation and amortization, which may be material to an assessment of the Company’s overall operating performance. Management compensates for this limitation by separately considering the impact of these excluded items to the extent they are material to operating decisions or assessments of the Company’s operating

-more-

performance. Moreover, the corresponding amounts of the non-cash and corporate-level costs and expenses excluded from the calculation are available to investors as they are presented on our statements of operations contained in our periodic reports filed with the Securities and Exchange Commission (SEC).

SOI is a measure widely used in the radio broadcast industry. The Company recognizes that because SOI is not calculated in accordance with GAAP, it is not necessarily comparable to similarly titled measures employed by other companies. However, management believes that SOI provides meaningful information to investors because it is an important measure of how effectively we operate our business (i.e., operate radio stations) and assists investors in comparing our operating performance with that of other radio companies. We also believe that providing SOI on a same-station basis is a useful measure of our performance because it presents SOI before the impact of any acquisitions or dispositions completed during the relevant periods. This allows investors to measure the performance of radio stations we owned and operated during the entirety of the two operating periods being compared.

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 “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates” and similar expressions or the negative of these terms or other comparable terminology 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, 2013. 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: risks that the stations acquired in the asset exchange with CBS Radio will not be integrated successfully or that the combined company will not realize estimated cost savings, synergies and growth or that such benefits may take longer to realize than expected; risks relating to unanticipated costs of integrating the stations acquired in the asset exchange with CBS Radio; external economic forces that could have a material adverse impact on our advertising revenues and results of operations; our radio stations may not be able to compete effectively in their respective markets for advertising revenues; we may not remain competitive if we do not respond to changes in technology, standards and services that affect our industry; our substantial debt levels; and, the loss of key personnel. 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” in 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 March 6, 2015, 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)

-more-

Selected Balance Sheet Data - Unaudited

(in thousands)

Selected Statement of Cash Flows Data – Unaudited

Calculation of SOI – Unaudited

Reconciliation of SOI to Net Income - Unaudited

-more-

Calculation of Same-Station SOI - Unaudited

Reconciliation of Same-Station SOI to Net Income - Unaudited

-more-

Calculation of SOI – Discontinued Operations - Unaudited

Reconciliation of SOI to Net Income – Discontinued Operations - Unaudited

Calculation of SOI – Combined Operations

(continuing and discontinued operations) - Unaudited

Reconciliation of SOI to Net Income – Combined Operations

(continuing and discontinued operations) - Unaudited

-more-

-more-

Pro Forma

Reconciliation of Pro Forma SOI to Net Income

#  #  #