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Wednesday, August 7, 2013

Salem Reports, Projects Flat Revenue

8-7-13

Overall Salem reported an increase of 4.4% in Q2, including a 23.3% jump in Internet revenue (from $8 million to $9.9 million). Broadcast revenue was up 1.4% (from $46.4 million to $47 million). On a same station basis, revenue increased 0.2% (from $46.3 million to $46.4 million). For the six months ending June 30, broadcast revenue is unchanged - at $90.3 million and same station revenue decreased 1.1% to $89.3 million from $90.3 million. The company said Q3 looks flat to up 2%.



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