SEC Comment Letter for BEASLEY BROADCAST GROUP INC (BBGI) (CIK 0001099160) (BBGI) — Apr 2, 2019
BEASLEY BROADCAST GROUP INC (BBGI) (CIK 0001099160)
Date: April 2, 2019 · CIK: 0001099160 · Accession: 0000000000-19-006425
AI Filing Summary & Sentiment
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File numbers found in text: 000-29253
Letter
April 2, 2019 Marie Tedesco Chief Financial Officer Beasley Broadcast Group Inc. 3033 Riviera Drive Suite 200 Naples, Florida 34103 Re:Beasley Broadcast Group Inc. Form 10-K for Fiscal Year Ended December 31, 2018 Filed February 19, 2019 File No. 000-29253 Dear Ms. Tedesco: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments.
Form 10-K for Fiscal Year Ended December 31, 2018 Financial Statements (5) FCC Broadcasting Licenses, page 40 1.We note in the asset exchange disclosed in Note 3, the assets given up included the FCC broadcasting license. Please explain to us why the rollforward schedule of the FCC Broadcasting Licenses balance in Note 5 does not reflect the loss of a license in the asset exchange. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameMarie Tedesco Comapany NameBeasley Broadcast Group Inc. April 2, 2019 Page 2 FirstName LastName Marie Tedesco Beasley Broadcast Group Inc. April 2, 2019 Page 2 You may contact Joseph M. Kempf, Senior Staff Accountant, at 202-551-3352 or Robert S. Littlepage, Accountant Branch Chief, at 202-551-3361 with any questions. Sincerely, Division of Corporation Finance Office of Telecommunications cc: Caroline Beasley
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April 2, 2019
Marie Tedesco
Chief Financial Officer
Beasley Broadcast Group Inc.
3033 Riviera Drive
Suite 200
Naples, Florida 34103
Re:Beasley Broadcast Group Inc.
Form 10-K for Fiscal Year Ended December 31, 2018
Filed February 19, 2019
File No. 000-29253
Dear Ms. Tedesco:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 10-K for Fiscal Year Ended December 31, 2018
Financial Statements
(5) FCC Broadcasting Licenses, page 40
1.We note in the asset exchange disclosed in Note 3, the assets given up included the FCC
broadcasting license. Please explain to us why the rollforward schedule of the FCC
Broadcasting Licenses balance in Note 5 does not reflect the loss of a license in the asset
exchange.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
FirstName LastNameMarie Tedesco
Comapany NameBeasley Broadcast Group Inc.
April 2, 2019 Page 2
FirstName LastName
Marie Tedesco
Beasley Broadcast Group Inc.
April 2, 2019
Page 2
You may contact Joseph M. Kempf, Senior Staff Accountant, at 202-551-3352 or Robert
S. Littlepage, Accountant Branch Chief, at 202-551-3361 with any questions.
Sincerely,
Division of Corporation Finance
Office of Telecommunications
cc: Caroline Beasley