Salem Media Group (SALM) Misses Q1 EPS by 2c

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Salem Media Group, Inc. Announces First Quarter 2016 Total Revenue of $64.6 Million

May 4, 2016 4:05 PM EDT

CAMARILLO, Calif., May 4, 2016 /PRNewswire/ -- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three months ended March 31, 2016.

First Quarter 2016 Highlights

Total revenue increased 4.4% Broadcast revenue increased 4.2% Digital media revenue increased 4.6% and Digital media operating income increased 17.1% Publishing revenue increased 6.5% Acquired King James Bible mobile applications Repaid $1.6 million in principal on its Term Loan B

First Quarter 2016 Results

For the quarter ended March 31, 2016 compared to the quarter ended March... More