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        [LOGO]         BEASLEY BROADCASTING GROUP, INC.



News Announcement                                 For Immediate Release

CONTACT:
B. Caroline Beasley                               Stewart Lewack, Joseph Jaffoni
Chief Financial Officer                           Jaffoni & Collins Incorporated
Beasley Broadcast Group, Inc.                     212/835-8500 or bbgi@jcir.com
941/263-5000


                  BEASLEY BROADCAST GROUP CLOSES ACQUISITION
                 OF SIX STATIONS FROM CENTENNIAL BROADCASTING

       - Beasley's Operations Expanded Into Las Vegas and New Orleans -

LAS VEGAS, Nevada, NEW ORLEANS, Louisiana, and NAPLES, Florida, January 31, 2001
- Beasley Broadcast Group, Inc. (Nasdaq: BBGI), a large- and mid-size market
radio broadcaster, today completed its $113.5 million acquisition of Centennial
Broadcasting's KKLZ-FM, KSTJ-FM, and KJUL-FM in Las Vegas and WRNO-FM, KMEZ-FM
and WBYU-AM in New Orleans.  Las Vegas and New Orleans are the 39th and 42nd
largest radio markets, respectively when ranked by revenue.

As previously announced, in conjunction with the closing of the transaction
Allen Shaw, 57, the President and Chief Executive Officer of Centennial
Broadcasting, will be joining Beasley Broadcast Group as Vice Chairman and Co-
Chief Operating Officer.  Mr. Shaw previously served as the Chief Operating
Officer of Beasley from 1985 to 1990.

Commenting on the transaction, Beasley Chairman and Chief Executive Officer
George G. Beasley, stated, "We are delighted to add two more top 50 markets to
the Beasley Broadcast Group portfolio and to welcome our new Las Vegas and New
Orleans teams and Alan Shaw to the Company.  Based on our analysis, there is
strong growth potential in each of these markets, and we look forward to
applying our operating disciplines to help these station groups realize their
fullest potential."

                                    -more-
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Beasley Closes Centennial Acquisition, 1/31/01                       page 2


Founded in 1961, Beasley Broadcast Group, Inc. is a radio broadcasting company
that, upon completion of pending transactions, will own or operate 44 stations
(27 FM and 17 AM) located in eleven large- and mid-sized markets in the United
States.

This news announcement contains certain forward-looking statements that are
based upon current expectations 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 the Company's reports
filed with the U.S. Securities and Exchange Commission.  Readers should note
that these statements may be impacted by several factors, including economic
changes and changes in the radio broadcast industry generally.  The Company
undertakes no obligation to update the information contained herein

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