Salem Media Group (SALM) Misses Q1 EPS by 4c
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Salem Media Group, Inc. Announces First Quarter 2017 Total Revenue of $65.0 Million
May 8, 2017 7:30 AM EDTCAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three months ended March 31, 2017.
First Quarter 2017 Results
For the quarter ended March 31, 2017 compared to the quarter ended March 31, 2016:
Consolidated
Total revenue increased 0.6% to $65.0 million from $64.6 million; Total operating expenses increased 2.9% to $60.2 million from $58.5 million; Operating expenses, excluding gains or losses on the sale or disposal of assets, stock-based compensation expense, changes in the estimated fair value of contingent earn-out consideration, impairment losses, depreciation expense and amortization... More