<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2004-01-05</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001099160</issuerCik>
        <issuerName>BEASLEY BROADCAST GROUP INC</issuerName>
        <issuerTradingSymbol>BBGI</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001134292</rptOwnerCik>
            <rptOwnerName>BEASLEY GEORGE G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3033 RIVIERA DRIVE, SUITE 200</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NAPLES</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>34103</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther><officerTitle>CEO</officerTitle></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Class B Common Stock</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2004-01-05</value></transactionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F2"/></transactionCoding><transactionAmounts><transactionShares><value>36887</value></transactionShares><transactionPricePerShare><footnoteId id="F3"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F3"/></exerciseDate><expirationDate><footnoteId id="F3"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>36887</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>36887</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See footnote.</value><footnoteId id="F4"/></natureOfOwnership></ownershipNature></derivativeTransaction><derivativeHolding><securityTitle><value>Class B Common Stock</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><exerciseDate><footnoteId id="F5"/></exerciseDate><expirationDate><footnoteId id="F5"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>2510747</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2510747</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See footnote.</value><footnoteId id="F6"/></natureOfOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Class B Common Stock</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><exerciseDate><footnoteId id="F5"/></exerciseDate><expirationDate><footnoteId id="F5"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>11435300</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>11435300</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See footnote.</value><footnoteId id="F7"/></natureOfOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">Class B common stock converts to Class A common stock on a one-for-one basis.</footnote><footnote id="F2">This transfer was made from the George Beasley Estate Reduction Trust, dated June 7, 1999, B. Caroline Beasley and Bruce G. Beasley as Co-Trustees.</footnote><footnote id="F3">This column is not applicable to this transaction.</footnote><footnote id="F4">By George Beasley as Trustee of the George G. Beasley Revocable Trust, dated May 26, 1998.</footnote><footnote id="F5">This column is not applicable to this holding.</footnote><footnote id="F6">By George Beasley as Trustee of the George Beasley Grantor Retained Annuity Trust, dated November 18, 2002.</footnote><footnote id="F7">By George Beasley as Trustee of the GGB Family Limited Partnership Florida Intangible Tax Trust.</footnote></footnotes><remarks>Caroline Beasley signed this Form 4 on behalf of the Reporting Person pursuant to a Power of Attorney attached hereto as Exhibit 24.</remarks><ownerSignature><signatureName>/s/ Caroline Beasley, Attorney-in-Fact</signatureName><signatureDate>2004-01-07</signatureDate></ownerSignature></ownershipDocument>



