Salem Media Group (SALM) Misses Q3 EPS by 74c, Revenues Beat
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Salem Media Group, Inc. Announces Third Quarter 2020 Total Revenue of $60.6 Million
November 12, 2020 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, 2020.
Third Quarter 2020 Highlights
Net broadcast revenue increased 15.0% compared to the second quarter of 2020 and declined 4.8% compared to the third quarter of 2019 Total broadcast advertising/spot revenue increased 26.4% compared to the second quarter of 2020 and declined 21.7% compared to the third quarter of 2019 Station Operating Income (SOI) (1) increased 74.2% compared to the second quarter of 2020 and increased 7.1% compared to the third quarter of 2019 Digital media... More