Salem Broadcast Q3 Broadcast Revenue Up 1.9%
November 9, 2015 at 2:48 PM (PT)
SALEM MEDIA GROUP, INC. has announced that its Q3 Net broadcast revenues increased 1.9% to $49.2 million, with same station net broadcast revenue up 1% to $48.7 million. The group had acquired WBIX-A/BOSTON and KEXB-A/DALLAS, as well as DIVIDENDINVESTOR.COM, the DAILYBIBLE app and a Spanish Bible app.
For the consolidated company, Total revenue decreased 3.0% to $67.5 million, while Net income decreased to $2.1 million. EBITDA decreased 5.7% to $13.3 million.