Salem Media Group

Communications Entertainment & Publishing advertising audio books content provider distribution ecommerce financial news magazine media music news newsletter newspaper on demand online distribution publishing radio

Salem Media Group operates as a multi-media company. It operates in three segments: Broadcast, Digital Media, and Publishing. The Company owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime to national advertisers and independent radio station affiliates. It also provides Christian and conservative-themed content, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through Christian content Websites. The Company also issues digital newsletters and operates Church product Websites. In addition, it publishes conservative books and produces and distributes Christian and conservative opinion print magazines.

Revenue(FY, 2017)

$263.7 M

Market capitalization(2018-04-18)

$93.8 M

Type

Public

Camarillo, US

Founded

1986

Size (employees)

1,214 (est)

Website

salemmedia.com

Salem Media Group was founded in 1986 and is headquartered in Camarillo, US

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Key People/Management at Salem Media Group

Edward Atsinger

Chief Executive Officer and Director

Stuart Epperson

Chairman of the Board

Dave Santrella

President – Broadcast Media

David Evans

President – New Media

Evan Masyr

Executive Vice President and Chief Financial Officer

Chris Henderson

Senior Vice President, Legal and Human Resources, General Counsel and Corporate Secretary

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Salem Media Group Office Locations

Salem Media Group has offices in Richmond, Maitland, Washington, Nashville and in 3 other locations

Camarillo, US (HQ)

4880 Santa Rosa Rd

Arlington, US

201 1901 N Moore St

Irving, US

6400 North Beltline Road

Maitland, US

415 2301 Lucien Way

Nashville, US

400 402 Bna Dr

Richmond, US

500 111 Virginia St

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Salem Media Group Financials and Metrics

Salem Media Group Financials

Salem Media Group's revenue was reported to be $263.74 m in FY, 2017

Summary

USD
Revenue (FY, 2017)	263.7 m
Net income (FY, 2017)	24.6 m
EBIT (FY, 2017)	23 m
Market capitalization (18-Apr-2018)	93.8 m
Cash (31-Dec-2017)	3 k
EV	103 m

Salem Media Group's current market capitalization is $93.8 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	236.9 m	266.5 m	265.8 m	274.3 m	263.7 m
Revenue growth, %		12%	0%	3%
Operating expense total					240.8 m
Depreciation and amortization					12.4 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	58.5 m	62.3 m	68.6 m	69.6 m	61.9 m	67.3 m	67.5 m	64.6 m	67.8 m	71.3 m	65 m	66.1 m
Operating expense total	49.5 m	57 m	61.1 m	60.8 m	56.2 m	58 m	58.7 m	58.5 m	58.1 m	62.4 m	60.2 m	57.5 m
EBIT		5.3 m			5.7 m	9.3 m	8.8 m	6.1 m	9.7 m	8.8 m	4.8 m	8.6 m
EBIT margin, %		9%			9%	14%	13%	9%	14%	12%	7%	13%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	65 k	33 k	98 k	130 k	3 k
Accounts Receivable	720 k	3.5 m	2 m	751 k
Inventories		572 k	893 k	670 k	730 k
Current Assets	51 m	54.4 m	56.8 m	55.5 m	46.7 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Cash	1.4 m	278 k	232 k	311 k	182 k	192 k	186 k	84 k	44 k	80 k	83 k	19 k
Accounts Receivable	1.9 m	2.1 m	3 m	3.3 m	3.5 m	1.6 m	1.6 m	2.4 m	830 k	1 m	923 k	982 k
Inventories		564 k	740 k	626 k	641 k	858 k	1.1 m	871 k	903 k	746 k	841 k	867 k
Current Assets	49.8 m	53.2 m	54.1 m	59.4 m	53.7 m	54.1 m	57.2 m	52.9 m	52 m	56.1 m	42.9 m	43.5 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	(2.7 m)	5.5 m	11.2 m	8.9 m	24.6 m
Depreciation and Amortization	15.3 m	18.8 m	17.7 m	17.3 m	17 m
Inventories	(50 k)	210 k	(307 k)	223 k	(60 k)
Accounts Payable	(4.7 m)	4 m	(3.1 m)	(819 k)	(3 m)

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	5.3 m	431 k	1.3 m	3.7 m	295 k	3.5 m	2.1 m	353 k	3.4 m	2.2 m	1.1 m
Depreciation and Amortization	3.1 m	3.1 m	3.2 m	3.1 m	3.2 m	4.4 m	4.5 m	4.1 m	4.2 m	4.3 m	4.1 m
Inventories			740 k	626 k	641 k	858 k	1.1 m	871 k	903 k	746 k	841 k
Accounts Payable			4.1 m	5.3 m	5.8 m	4.6 m	5.9 m	4.2 m	3.6 m	5.8 m	5.8 m