Holiday 2011 PPM Austin TX Greensboro Hartford CT Indianapolis IN Jacksonville FL Memphis TN Milwaukee WI Nashville TN Norfolk VA Providence RI Raleigh NC West Palm Beach Fall 2011 Quarterly Bluefield WV Casper WY Cheyenne WY Jackson TN Lawton OK Mankato MN Rapid City SD Sioux City IA Wichita Falls TX Abilene TX JB & Sandy Nikki Nite Rob Carson The Morning Show JD for the Ride Home Chris and Janeen Keith Mitchell The Breakfast Club Shane Collins Shroom Meat Brady & Rose John Tesh Miggy AJ Jennifer Lipp Dan Thomas Alex & Terri Stephen Michael Kerr Tom & Maria Steve Goddard Valentine Ryan Seacrest The Juice Crew John Magic

Christian radio broadcaster Salem Communications posted a 12.8% drop in second quarter total revenue to $50.1 million from $57.5 million in 2008. Operating loss from continued operations was $6.5 million as compared to operating income of $10.3 million. Salem reported a net loss of $5 million (21 cents) from net earnings of $3.5 million (15 cents) in the year-ago period.

Net broadcast revenue decreased 12.8% to $43.6 million from $49.9 million while station operating income (SOI) fell 12.6% to $15.8 million from $18 million. Same station net broadcast revenue decreased 13.2% to $42.2 million from $48.7 million and same station SOI declined 12% to $15.6 million from $17.7 million.

Looking ahead to the third quarter, Salem is projecting total revenue to decrease 12% to 15% over Q3 2008 total revenue of $54.4 million. (08-06-09)

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