Salem Q4 Revenue Up
March 12, 2007 at 3:25 PM (PT)
SALEM COMMUNICATIONS CORP. fourth quarter 2006 total revenue rose 10.9% year-to-year to $59.8 million, with net income off 0.9% to $3.3 million. Broadcasting revenue was up 5.5% to $53.7 million (same station 4.8%).
The company also announced that its same-station national block programming rates have risen 5%. The rates are renegotiated annually at the start of each year. Over 90% of the company's block programming has been renewed.