Salem Media Group, Inc. Announces Third Quarter 2023 Total Revenue of $63.5 Million
Retrieved on:
Monday, November 13, 2023
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Digital media revenue decreased 2.2% to $10.0 million from $10.2 million; and
Key Points:
- Digital media revenue decreased 2.2% to $10.0 million from $10.2 million; and
Digital Media Operating Income (1) decreased 20.9% to $1.5 million from $1.9 million. - Publishing revenue decreased 17.5% to $4.6 million from $5.5 million; and
Publishing Operating Loss (1) increased 36.6% to $1.4 million from $1.0 million. - Digital media revenue increased 0.1% to $31.3 million; and
Digital media operating income (1) decreased 22.4% to $4.8 million from $6.2 million. - For the fourth quarter of 2023, the company is projecting total revenue to decline between 6% and 8% from the fourth quarter 2022 total revenue of $68.8 million.