Salem Media Group (SALM) Reports In-Line Q3 EPS
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Salem Media Group, Inc. Announces Third Quarter 2018 Total Revenue of $65.5 Million
November 7, 2018 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, 2018.
Third Quarter 2018 Results
For the quarter ended September 30, 2018 compared to the quarter ended September 30, 2017:
Consolidated
Total revenue increased 0.1% to $65.5 million from $65.4 million; Total operating expenses decreased 1.9% to $59.3 million from $60.4 million; Operating expenses, excluding gains or losses on the disposition of assets, stock-based compensation expense, changes in the estimated fair value of contingent earn-out consideration, depreciation expense and amortization expense (1)... More