5-3-2012
Salem reported a total revenue increase in Q1 of 6.1% to $54.3 million from $51.2 million. On the broadcast side, net revenue increased 2.9% to $44.0 million from $42.7 million. Online revenue continues to rise for Salem. The company saw an increase of 33% in the first quarter, from $5.6 million to $7.4 million. For the second quarter, Salem is projecting total revenue to increase 1% to 3% over second quarter 2011 total revenue of $55.4 million.
