Home Login RADIO ONLINE RSS Facebook
Advertisement

Salem Media Q1 Total Revenue Up 1.9% to $59.4 Million


Salem Media Group
Salem Media Group

Salem Media Group reported first quarter total revenue increased 1.9% to $59.4 million from $58.3 million in 2020. Total operating expenses decreased 27.9% to $55 million from $76.3 million. Operating income was $4.4 million up from an operating loss of $18 million. Adjusted EBITDA grew 131.1% to $7.9 million from $3.4 million. The company posted a net income of $0.3 million (1 cent per diluted share) as compared to a net loss of $55.2 million (-$2.07) in the year-ago period.

Net broadcast revenue decreased 2.5% to $44 million from $45.2 million, while Station Operating Income (SOI) gained 36.3% to $10.7 million from $7.9 million. Same Station net broadcast revenue decreased 1.9% to $43.9 million from $44.8 million and Same Station SOI increased 32.1% to $10.9 million from $8.2 million.

Digital media revenue grew 5.7% to $9.6 million from $9.1 million and Digital Media Operating Income increased 21.6% to $0.9 million from $0.8 million.

For the second quarter of 2021, the Salem Media is projecting total revenue to increase between 13% and 15% from second quarter 2020 total revenue of $52.9 million.

Advertisement

Latest Radio Stories

Audacy: Optimizing Audio Increases Return on Ad Spend
Results from Audacy's new research: "The Audio Amplification: The Return on Ad Spend" confirm that a slight shift of advertiser dollars to optimize audio brings significant returns across various industries. Conducted in partnership with Neustar, a More

Hubbard Chicago Ups Mary Eileen Weber to Director of Sales
Mary Eileen Weber
Mary Eileen Weber
Hubbard Chicago promotes veteran sales manager Mary Eileen Weber to Managing Director of Sales for its local cluster there. Most recently, she was Senior Director of Sales and Strategy for 2060 Digital Chicago. In her new position, she will lead the More

WayFM Adds Thompson as Vice President of Technology
Steven Thompson
Steven Thompson
Colorado Springs-based Way Media adds Steven Thompson as Vice President of Technology. He most recently served as VP of Technology for Hope Media Group and KSBJ/Houston for several years, and previously had stints with CNN in Atlanta and the USA More
Advertisement

American Music Fairness Act Introuced by Two Senators
Rep. Darrell Issa and Rep. Ted Deutch
Rep. Darrell Issa and Rep. Ted Deutch
Rep. Ted Deutch (D-FL-22) and Rep. Darrell Issa (R-CA-50) were joined on Capitol Hill by several artists today -- including Dionne Warwick, Sam Moore and others -- to introduce the American Music Fairness Act. The legislation would impose a More

Mike Hoss Named Saints Play-By-Play Announcer on WWL
Mike Hoss
Mike Hoss
Mike Hoss is named play-by-play announcer for the New Orleans Saints game day broadcasts on WWL-AM & FM, the flagship station of the team. He'll join color analyst and Saints all-time leading rusher Deuce McAllister in the booth. In addition to More

Donnie Simpson Takes on Sunday Radio in Charlotte
Donnie Simpson
Donnie Simpson
"The Donnie Simpson Weekend Show" will launch this Sunday, June 27 and every Sunday thereafter on Radio One's WOSF (105.3 RNB) in Charlotte. Simpson currently hosts afternoons on WMMJ in the DMV area with co-host Tony Perkins. The two-hour weekend More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement