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Salem Media Group Inc
Previous close
$0.40
Day range
$0.40 - $0.42
Year range
$0.24 - $1.09
Market cap
11.21M USD
Avg Volume
34.34K
P/E ratio
-
Dividend yield
-
Primary exchange
OTCMKTS
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Sep 2023info | Y/Y change |
|---|---|---|
Revenue | 63.50M | -5.03% |
Operating expense | 7.89M | 0.22% |
Net income | -31.30M | -163.33% |
Net profit margin | -49.29 | -177.22% |
Earnings per share | — | — |
EBITDA | 2.38M | -60.18% |
Effective tax rate | 21.91% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Sep 2023info | Y/Y change |
|---|---|---|
Cash and short-term investments | — | — |
Total assets | 471.30M | -7.06% |
Total liabilities | 339.15M | 2.90% |
Total equity | 132.15M | — |
Shares outstanding | 27.22M | — |
Price to book | 0.08 | — |
Return on assets | -0.51% | — |
Return on capital | -0.67% | — |
Cash Flow
Net change in cash
| (USD) | Sep 2023info | Y/Y change |
|---|---|---|
Net income | -31.30M | -163.33% |
Cash from operations | 1.97M | -10.76% |
Cash from investing | -1.54M | 60.28% |
Cash from financing | -432.00K | -1,500.00% |
Net change in cash | -2.00K | 99.88% |
Free cash flow | -2.16M | -171.89% |
About
Salem Media Group, Inc. is an American radio broadcaster, internet content provider, and magazine and book publisher based in Irving, Texas, targeting audiences interested in Christian values and what it describes as "family-themed content and conservative values".
Salem Media Group owns 117 radio stations in 38 markets, including 60 stations in the top 25 markets and 29 in the top 10, making it tied with Audacy for the fifth-largest radio broadcaster.
In addition to its radio properties, the company owns:
Salem Radio Network, which syndicates talk, news and music programming to approximately 2,400 affiliates.
Salem Media Representatives, a radio advertising company.
Salem Web Network, an Internet provider of Christian content and online streaming with over 100 Christian content and conservative opinion websites.
Salem Publishing, a publisher of Christian themed magazines.
Conservative websites Townhall.com, RedState, Hot Air, and PJ Media, as well as Twitter aggregator Twitchy.
The company was founded by brothers-in-law Stuart Epperson and Edward G. Atsinger III and is a for-profit corporation. This allows it to accept commercial advertising. Wikipedia
Founded
1974
Headquarters
Website
Employees
1,292
