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Salem Q3 Revenue Up, Income Falls
November 6, 2014 at 4:26 PM (PT)
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Q3 Report
SALEM COMMUNICATIONS CORP. third-quarter total net revenue increased 19% to $69.6 million, with net broadcast revenue up 2.1% to $47 million (same station up 1% to $46.5 million) and Internet and e-commerce revenue up 54.5% to $14.5 million. Publishing revenue jumped 164.7% to $8.1 million.
Net income fell from $5.3 million to $3.7 million (21 to 14 cents/diluted share).
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