Salem Broadcast Q3 Broadcast Revenue Up 1.9%

Q3 Revenue Up A Pinch

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.

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