Salem Media Group (SALM) Reports Q3 Loss of $0.75/Share
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Salem Media Group, Inc. Announces Third Quarter 2019 Total Revenue of $64.1 Million
November 12, 2019 3:00 PM ESTCAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and nine months ended September 30, 2019.
Third Quarter 2019 Results
For the quarter ended September 30, 2019 compared to the quarter ended September 30, 2018:
Consolidated
Total revenue decreased 2.2% to $64.1 million from $65.5 million; Total operating expenses increased 32.7% to $78.6 million from $59.3 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, impairments, depreciation expense and... More