SALM Salem Media Group Inc
Salem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media and Publishing. The Broadcast segment owns and operates radio stations in large metropolitan markets, which includes national and local programming content. The Digital Media segment provides content for audiences interested in Christian and family-themed content and conservative news and opinion. The Publishing segment comprises of book publishing, self-publishing services and print and digital magazines. The company was founded by Stuart W. Epperson and Edward G. Atsinger III in 1986 and is headquartered in Camarillo, CA.
Company profile
Ticker
SALM
Exchange
CEO
Edward G. Atsinger
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Salem Communications Corp
SEC CIK
Corporate docs
IRS number
770121400
SALM stock data
()
Calendar
9 Aug 19
19 Aug 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 64.68M | 60.47M | 67.19M | 65.53M | |
| Net income | -3.64M | 322K | -3.06M | 1.21M | |
| Diluted EPS | -0.14 | 0.01 | -0.11 | 0.05 | |
| Net profit margin | -5.63% | 0.53% | -4.55% | 1.84% | |
| Operating income | 5.6M | -984K | 3.68M | 6.28M | |
| Net change in cash | 5K | -113K | 100K | 8K | |
| Cash on hand | 9K | 4K | 117K | 17K |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 262.78M | 263.74M | 274.32M | 265.79M | |
| Net income | -3.19M | 24.64M | 8.87M | 11.15M | |
| Diluted EPS | -0.12 | 0.94 | 0.34 | 0.43 | |
| Net profit margin | -1.21% | 9.34% | 3.23% | 4.20% | |
| Operating income | 16.97M | 22.97M | 28.08M | 33.02M | |
| Net change in cash | 114K | -127K | 32K | 65K | |
| Cash on hand | 117K | 3K | 130K | 98K |
Financial data from Salem Media earnings reports
Financial report summary
?Management Discussion
- The net decline in block programming revenue of $0.8 million includes a $0.5 million decline in local programming revenue and a $0.3 million decline in national programming revenue. Declines in local programming revenue includes $0.1 million previously generated from stations we no longer operate(KCRO-AM andKOTK-AM, in Omaha, Nebraska) and the remainder due to program cancellations from certain programs discontinuing their ministry efforts and due to what we believe is increased competition from other broadcasters. The decline in national programming revenue includes a $0.2 million decrease from our Christian Teaching and Talk format radio stations impacted by the sale ofKCRO-AM in Omaha, Nebraska on October 31, 2018 and a $0.1 million decrease from our Business format radio stations. Business format program revenue is impacted by restrictions on the nature and type of content that can be placed to ensure compliance with securities rules and regulation.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
absolute, Chicago, Denver, email, fell, Orlando, Parking, predetermined, pure, split, Steelehouse, surrender
Removed:
announced, channel, comparted, Crux, remained
Financial reports
10-Q
2019 Q2
Quarterly report
9 Aug 19
10-Q
2019 Q1
Quarterly report
10 May 19
10-K
2018 FY
Annual report
13 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
10-Q
2018 Q2
Quarterly report
9 Aug 18
10-Q
2018 Q1
Quarterly report
10 May 18
10-K
2017 FY
Annual report
16 Mar 18
10-Q
2017 Q3
Quarterly report
8 Nov 17
10-Q
2017 Q2
Quarterly report
8 Aug 17
10-Q
2017 Q1
Quarterly report
8 May 17
Current reports
8-K
Salem Media Group, Inc. Announces Second Quarter 2019
8 Aug 19
8-K
Departure of Directors or Certain Officers
3 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
14 May 19
8-K
Salem Media Group, Inc. Announces First Quarter 2019
10 May 19
8-K
Salem Media Group, Inc.’s Appointment of Heather Grizzle to the Board of Directors
21 Mar 19
8-K
Salem Media Group, Inc. Announces Fourth Quarter 2018
12 Mar 19
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
18 Dec 18
8-K
Salem Media Group, Inc. Announces Third Quarter 2018
7 Nov 18
8-K
Salem Media Group, Inc. Announces Second Quarter 2018
8 Aug 18
8-K
Entry into a Material Definitive Agreement
13 Jul 18
Registration and prospectus
S-8
Registration of securities for employees
17 Jul 19
S-8
Registration of securities for employees
14 May 19
S-3
Shelf registration
4 Aug 16
S-8
Registration of securities for employees
23 Jul 12
424B3
Prospectus supplement
4 Feb 10
S-4/A
Registration of securities issued in business combination transactions (amended)
28 Jan 10
S-4
Registration of securities issued in business combination transactions
23 Dec 09
S-8
Registration of securities for employees
19 May 05
424B2
Prospectus for primary offering
30 Apr 04
424B5
Prospectus supplement for primary offering
26 Apr 04
Proxies
DEFA14A
Additional proxy soliciting materials
22 Apr 19
DEFA14A
Additional proxy soliciting materials
2 Apr 19
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 18
DEF 14A
Definitive proxy
30 Mar 17
DEF 14A
Definitive proxy
8 Apr 16
DEFA14A
Additional proxy soliciting materials
8 Apr 16
DEF 14A
Definitive proxy
7 Apr 15
DEFA14A
Additional proxy soliciting materials
7 Apr 15
Other
UPLOAD
Letter from SEC
17 Nov 16
CORRESP
Correspondence with SEC
16 Nov 16
UPLOAD
Letter from SEC
2 Nov 16
CORRESP
Correspondence with SEC
21 Oct 16
UPLOAD
Letter from SEC
12 Oct 16
EFFECT
Notice of effectiveness
10 Aug 16
CORRESP
Correspondence with SEC
8 Aug 16
UPLOAD
Letter from SEC
5 Aug 16
UPLOAD
Letter from SEC
6 Feb 12
CORRESP
Correspondence with SEC
3 Feb 12