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

Salem Communications posted first quarter consolidated revenue of $48.3 million, essentially flat over 2009. Operating income from continued operations fell 9.2% to $8.1 million from $8.9 million. The Christian radio broadcaster reported a decline in net earnings to $0.2 million (1 cent per diluted share) as compared with $2.9 million (12 cents) in the prior year.

The company's broadcast division saw revenue fall 2.3% to $41.4 million from $42.4 million. SOI decreased 2.3% to $15.4 million from $15.8 million and same station net broadcast revenue was down 2.5% to $41.3 million from $42.3 million. Same station SOI decreased 2.5% to $15.4 million from $15.8 million.

For the second quarter, Salem is projecting total revenue to increase 3% to 5% over Q2 2009 total revenue of $50.5 million. (05-06-10)

Menu | Contact Us | Subscribe | Advertise | Privacy Policy | About Us

Copyright © 1989-2012 RADIO ONLINE ® The publisher makes no claims concerning the validity of the information posted on RADIO ONLINE and will not be held liable for its use. No part of this material may be reproduced in any form, incorporated in any information retrieval system or otherwise redistributed without the prior written permission of the publisher.