KSAC-FM

Salem Media Group, Inc. Announces Third Quarter 2023 Total Revenue of $63.5 Million

Retrieved on: 
Monday, November 13, 2023
Entertainment, Communications, Consumer, TV and Radio, Religion, Publishing, Sale, ABL, Time brokerage agreement, Media Group, Federal Communications Commission, KSAC-FM, Federal, Digital media, Radio, Digital, GAAP, Adjustment, Central Time, Operating cost, KNTS-AM, Retirement, SOI, Salem Media Group, FCC, TBA, WGTK-FM, Cryptocurrency, Pharmaceutical industry, Commercial property, Reinsurance, Iron ore, Music, Television, Clothing, Security (finance), Lithium, Airline, Bank, EBITDA, Townhall, Boston, Note

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.

Salem Media Group, Inc. Announces Second Quarter 2023 Total Revenue of $65.8 Million

Retrieved on: 
Tuesday, August 8, 2023
Entertainment, Communications, Consumer, TV and Radio, Religion, Media, Publishing, Exercise, Digital media, Note, Media Group, Federal Communications Commission, Salem Media Group, SOI, TBA, GAAP, Central Time, KNTS-AM, Federal, Sale, Retirement, ABL, Radio, KSAC-FM, Digital, Adjustment, Time brokerage agreement, Cryptocurrency, Fine chemical, Health care, Commercial property, Reinsurance, Iron ore, Bookkeeping, Music, Television, Video game, Clothing, Life insurance, Pharmaceutical industry, Lithium, Bank, EBITDA, Townhall

Digital media revenue increased 0.5% to $10.9 million from $10.8 million; and

Key Points: 
  • Digital media revenue increased 0.5% to $10.9 million from $10.8 million; and
    Digital Media Operating Income (1) decreased 27.5% to $1.8 million from $2.5 million.
  • Digital media revenue increased 1.3% to $21.4 million from $21.1 million; and
    Digital media operating income (1) decreased 23.1% to $3.4 million from $4.4 million.
  • Publishing revenue increased 6.1% to $9.9 million from $9.3 million; and
    Publishing Operating Loss (1) increased 156.5% to $1.5 million from $0.6 million.
  • For the third quarter of 2023, the company is projecting total revenue to decline between 3% and 5% from the third quarter 2022 total revenue of $66.9 million.