Salem Media Group (SALM) Misses Q3 EPS by 9c
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Salem Media Group, Inc. Announces Third Quarter 2017 Total Revenue of $65.4 Million
November 7, 2017 4:05 PM ESTCAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and nine months ended September 30, 2017.
Third Quarter 2017 Results
For the quarter ended September 30, 2017 compared to the quarter ended September 30, 2016:
Consolidated
Total revenue decreased 8.2% to $65.4 million from $71.3 million; Total operating expenses decreased 3.2% to $60.4 million from $62.4 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, depreciation expense and amortization... More