Salem Third-Quarter Revenue, Income Fall

Q3 Numbers

SALEM MEDIA GROUP third-quarter 2017 total revenue fell 8.2% to $65.4 million, with net income dropping from a gain of $2.2 million to a loss of $46,000 (8 to 0 cents/diluted share).

Net broadcast revenue decreased 5.1% to $48.4 million (same station off 4.6% to $48.3 million); digital media revenue fell 12.9% to $10.4 million, and publishing revenue decreased 20.2% to $6.6 million.

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