11-7-14
Salem reported same station net broadcast revenue for the third quarter of $46.5 million, an increase of $500,000 or 1%. Salem has been a big player in the Internet space, gobbling up Christian-related websites, and that appears to be paying off. Internet and e-commerce revenue increased 54.5% to $14.5 million from $9.4 million in the third quarter helping the company report an overall net revenue increase of 19% for the quarter. That includes an increase of 164.7% from the Salem publishing division which went from $3.1 million to $8.1 million. In Q4 Salem expects a total revenue increase of 6% to 8%.
