Salem Media Group, Inc (SALM) - NASDAQ
  • Tue, Jun. 28, 1:40 PM
    • Salem Media Group (SALM +1.8%) is entering the San Francisco market with a news talk station set to launch over the U.S. holiday weekend.
    • The conservative media firm is making KTRB into 860 AM The Answer, making the station the 26th "Answer-branded" station in its portfolio.
    • It'll bring a talk roster with company mainstays including Hugh Hewitt, Dennis Prager, Michael Medved and others in its opening over the July 4th weekend.
    | Tue, Jun. 28, 1:40 PM
  • Mon, Apr. 4, 9:56 AM
    | Mon, Apr. 4, 9:56 AM
  • Wed, Mar. 9, 2:34 PM
    • Salem Media Group (NASDAQ:SALM) has popped 3.1% after its in-market release of Q4 earnings, which featured a revenue beat and a swing to profit from break-even results last year.
    • Net income was $5.3M vs. just $38,000 a year ago, aided by a $1.4M gain on bargain purchase of three radio stations. EBITDA rose 34% to $15.2M, easily beating an expected $8.6M.
    • Revenue by segment: Net broadcast, $51.3M (up 5.2%); Net digital media, $12.2M (up 3.8%); Net publishing, $5.7M (up 4.2%).
    • The Christian/conservative broadcaster acquired six radio stations in the quarter, and reduced its leverage ratio to 5.47.
    • Press Release
    | Wed, Mar. 9, 2:34 PM
  • Wed, Mar. 9, 1:44 PM
    • Salem Media (NASDAQ:SALM): Q4 EPS of $0.20 may not be comparable to consensus of $0.02.
    • Revenue of $69.1M (+4.8% Y/Y) beats by $2.15M.
    • Shares +2.25%.
    • Press Release
    | Wed, Mar. 9, 1:44 PM
  • Jun. 16, 2015, 12:51 PM
    | Jun. 16, 2015, 12:51 PM
  • Mar. 10, 2015, 4:57 PM
    • Christian/conservative radio firm Salem Media Group (SALM -3%) posted revenue that grew, but still missed expectations by about 1%, and a breakeven quarter as total operating expenses rose 11.3%.
    • Operating income dropped 28% to $6.9M. Salem reported GAAP net income of $0.00 vs. an expected $0.14, as increased expenses took their toll and backing out a provision for income taxes left income of $38K.
    • Revenue by segment: Broadcast, $48.8M (flat); digital media, $11.7M (up 15%); publishing, $5.4M (up 47%).
    • The company guides for revenues to drop 1-3% Y/Y in Q1, which would put it about $60.4M-$61.7M vs. expectations of $66.2M.
    • Conference call at 5 p.m. ET.
    | Mar. 10, 2015, 4:57 PM
  • Feb. 3, 2015, 4:09 PM
    • Cumulus Media (NASDAQ:CMLS) finished up 11.9% ahead of a March 2 release of its Q4 results.
    • The company has set a conference call at 4:30 p.m. ET that day to discuss earnings.
    • Expectations are for an EPS of $0.09 on revenues of $333.2M.
    • Commercial-radio peers have also had a strong day: Saga Communications (SGA +2.4%); Emmis Communications (EMMS +0.5%); Salem Communications (SALM +2.1%); Radio One (ROIAK +1.7%); Entercom (ETM +2.8%); and Townsquare Media (TSQ +3.2%).
    | Feb. 3, 2015, 4:09 PM
  • May 8, 2013, 12:53 PM
    Midday top 10 gainers: TRMD +68%. SYNM +35%. AFFY +35%. ALXA +25%. CSPI +21%. PSE +21%. NBG +20%. WBMD +18%. SCOK +17%. EA +16%.
    Midday top 10 losers: FIO -25%. OCLR -23%. LIOX -18%. VCLK -17%. AXLL -16%. OCLS -15%. BTH -15%. SALM -13%. ACFC -12%. SNTA -12%.
    | May 8, 2013, 12:53 PM
Company Description
Salem Media Group, Inc. operates as a multi-media company with integrated operations consisting of radio broadcasting, digital media and publishing. It operates its business through two segments: Radio-Broadcasting and Digital media. The Radio-Broadcasting segment operates radio stations... More
Sector: Services
Industry: Broadcasting - Radio
Country: United States