Salem Media Group, Inc. Announces Fourth Quarter 2022 Total Revenue of $68.8 Million
Retrieved on:
Wednesday, March 8, 2023
Consumer, Religion, Books, Entertainment, TV and Radio, Asset purchase agreement, Adjustment, Retirement, Digital, Sale, Marketing, Acquisition, Singing, Publishing, ASC, News, Salem Media Group, Radio, Local marketing agreement, GAAP, APA, Policy, Digital media, SOI, Central Time, ABL, Media Group, Senior, WKAT-AM, Singing News Radio, Cryptocurrency, Lithium, Commercial property, Music, Reinsurance, Television, Pharmaceutical industry, Security (finance), Life insurance, Video game, Property management, Note, EBITDA
Digital media revenue decreased 10.3% to $10.4 million from $11.6 million; and
Key Points:
- Digital media revenue decreased 10.3% to $10.4 million from $11.6 million; and
Digital Media Operating Income (1) decreased 44.3% to $1.7 million from $3.0 million. - Publishing revenue decreased 21.3% to $5.2 million from $6.5 million; and
Publishing Operating Loss (1) was $0.6 million as compared to publishing operating income of $0.2 million. - Digital media revenue decreased 1.2% to $41.7 million from $42.2 million; and
Digital media operating income (1) decreased 5.4% to $7.9 million from $8.4 million. - For the first quarter of 2023, the company is projecting total revenue to be between flat and a decline of 2% from the first quarter 2022 total revenue of $62.6 million.