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Salem Media Group Q3 Revs Down 4.8%, $0.75 EPS Loss


Salem Media Group
Salem Media Group

Salem Media Group reported third quarter net broadcast revenue declined 4.8% to $45.3 million from 47.6 million in 2019. Total broadcast advertising/spot revenue declined 21.7%, while station operating income (SOI) grew 7.1% and digital media rose 7.2%. Adjusted EBITDA gained 6.9% to 9 million. The company posted a net loss of $20 million (-75 cents per diluted share) as compared to a net income of $329,000 (1 cent) in the year-ago period.

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Latest Radio Stories

Jo Lambert Elected Chair of NPR Board of Directors
Jo Lambert
Jo Lambert
NPR has elected Jo Lambert as Chair of its Board of Directors, effective November 20. Lambert, who joined the Board as a Public Director in 2022, previously served as Vice Chair. Shawn Turner, a Member Director since 2024, was elected to succeed her as Vice Chair. "I am honored to step into the role of More

Connoisseur Sells MN & SD Stations to Christensen
Connoisseur Media
Connoisseur Media
Connoisseur Media has reached an agreement to sell its stations in Luverne, MN and Madison, SD to two entities under Christensen Broadcasting. Christensen Broadcasting LUV LLC will acquire KLQL-FM and KQAD-AM in Luverne, while Christensen Broadcast Group, Inc. will take ownership of KJAM-FM and KJAM-AM in More

Randy ''Shotgun'' Shannon Returns as WNCY Brand Mgr.
Randy ''Shotgun'' Shannon
Randy ''Shotgun'' Shannon
Midwest Communications has named Randy "Shotgun" Shannon as the new Brand Manager of WNCY (Y100) servving Appleton-Oshkosh, marking a return to the leadership role he first held when helping to build the station into a country powerhouse in Northeast Wisconsin. Shannon, a fixture at Y100 for decades, More
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AM/FM Radio Poised to Boost Holiday Retail Lift
Cumulus Media and Westwood One
Cumulus Media and Westwood One
The Thanksgiving and Black Friday kickoff has officially launched one of the busiest shopping periods of the year, and new insights from the Cumulus Media | Westwood One Audio Active Group highlight a clear message for retailers: AM/FM radio remains a powerful engine for holiday sales. According to More

Chicago Radio Veteran JoBo Colburn Dies at 70
Joe Bannon (JoBo)
Joe Bannon (JoBo)
Longtime Chicago radio personality Joe Bohannon Colburn -- known to generations of listeners as JoBo -- has passed away at age 70. The news was shared on social media, marking the loss of a prominent voice who helped define Chicago morning radio for decades. JoBo rose to fame as half of the legendary More

HELOC Surge Creates Major New Revenue Path for Radio
The Media Audit
The Media Audit
Home equity lines of credit -- long overshadowed by low mortgage rates and slower lending demand -- are surging back, and new data suggests the trend could represent a significant revenue opportunity for radio. According to Jill Medina, Regional Manager for The Media Audit, More

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