OverviewSuggest Edit

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.

TypePublic
Founded1986
HQCamarillo, US
Websitesalemmedia.com
Employee Ratings4.3

Latest Updates

Employees (est.) (Feb 2019)1,173(-1%)
Job Openings121
Revenue (FY, 2018)$262.8 M
Share Price (Nov 2019)$1.5 (-2%)

Key People/Management at Salem Media Group

Stuart W. Epperson

Stuart W. Epperson

Chairman of the Board
Edward G. Atsinger III

Edward G. Atsinger III

Chief Executive Officer and Director
Dave Santrella

Dave Santrella

President – Broadcast Media
David Evans

David Evans

President – New Media
Evan D. Masyr

Evan D. Masyr

Executive Vice President and Chief Financial Officer
Chris Henderson

Chris Henderson

Executive 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 Camarillo, Arlington, Irving, Maitland and in 3 other locations
Camarillo, US (HQ)
4880 Santa Rosa Rd
Arlington, US
RCA Building, 1901 N Moore St #201
Irving, US
6400 N Belt Line Rd
Maitland, US
2301 Lucien Way #415
Nashville, US
402 Bna Dr #400
Richmond, US
111 Virginia St #500
Show all (7)

Salem Media Group Financials and Metrics

Salem Media Group Revenue

Salem Media Group's revenue was reported to be $262.78 m in FY, 2018
USD

Revenue (Q2, 2019)

64.7m

Net income (Q2, 2019)

(3.6m)

EBIT (Q2, 2019)

5.6m

Market capitalization (7-Nov-2019)

30.5m

Closing stock price (7-Nov-2019)

1.5

Cash (30-Jun-2019)

9.0k

EV

52.9m
Salem Media Group's current market capitalization is $30.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

236.9m266.5m265.8m274.3m263.7m262.8m

Revenue growth, %

12%0%3%

Operating expense total

202.4m232.8m246.2m240.8m

Depreciation and amortization

15.3m17.7m17.3m17.0m18.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

58.5m62.3m68.6m69.6m61.9m67.3m67.5m64.6m67.8m71.3m65.0m66.1m65.4m63.8m66.3m65.5m60.5m64.7m

Operating expense total

49.5m57.0m61.1m60.8m56.2m58.0m58.7m58.5m58.1m62.4m60.2m57.5m60.4m58.1m64.9m59.1m

Depreciation and amortization

3.8m4.7m4.7m4.7m4.4m4.5m4.1m4.2m4.3m4.1m4.3m4.2m4.5m4.5m4.6m4.2m4.0m

EBIT

5.3m5.7m9.3m8.8m6.1m9.7m8.8m4.8m8.6m5.0m5.7m1.3m6.3m(984.0k)5.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

65.0k33.0k98.0k130.0k3.0k117.0k

Accounts Receivable

720.0k3.5m2.0m751.0k

Inventories

572.0k893.0k670.0k730.0k677.0k

Current Assets

51.0m54.4m56.8m55.5m46.7m43.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

1.4m278.0k232.0k311.0k182.0k192.0k186.0k84.0k44.0k80.0k83.0k19.0k4.0k6.0k9.0k17.0k4.0k9.0k

Accounts Receivable

1.9m2.1m3.0m3.3m3.5m1.6m1.6m2.4m830.0k1.0m923.0k982.0k

Inventories

564.0k740.0k626.0k641.0k858.0k1.1m871.0k903.0k746.0k841.0k867.0k809.0k808.0k953.0k891.0k533.0k630.0k

Current Assets

49.8m53.2m54.1m59.4m53.7m54.1m57.2m52.9m52.0m56.1m42.9m43.5m45.0m46.3m52.6m47.8m39.8m41.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(2.7m)5.5m11.2m8.9m24.6m(3.2m)

Depreciation and Amortization

15.3m18.8m17.7m17.3m17.0m18.2m

Inventories

(50.0k)210.0k(307.0k)223.0k(60.0k)53.0k

Accounts Payable

(4.7m)4.0m(3.1m)(819.0k)(3.0m)1.0m
Quarterly
USDY, 2019

EV/EBIT

9.5 x

EV/CFO

6.8 x

Financial Leverage

2.8 x
Show all financial metrics

Salem Media Group Operating Metrics

FY, 2014FY, 2015FY, 2016

Mobile Applications

12 12

Radio Station Markets

39 40 40

Radio Stations

108 116 118

Websites Managed

25 25 24
Show all operating metrics

Salem Media Group Revenue Breakdown

Embed Graph

Salem Media Group revenue breakdown by business segment: 73.6% from Broadcasting, 17.1% from Digital Media and 9.3% from Publishing

Salem Media Group Online and Social Media Presence

Embed Graph

Salem Media Group News and Updates

Salem Media Group Blogs

Salem Media Postpones Third Quarter 2019 Earnings Release and Teleconference

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (NASDAQ: SALM) announced today it is postponing the release of its third quarter 2019 financial results to accommodate the additional time required by the company and its independent auditors to finalize the analysis of valuation allow…

A New Day Dawns in Philadelphia Radio as Philadelphia’s AM 990, The Answer Makes Its Debut

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (NASDAQ: SALM), announced today that Philadelphia woke up to a dynamic chapter in conservative talk radio history this morning as NewsTalk 990 AM WNTP became Philadelphia’s AM 990, The Answer. From politics and the culture war to tra…

Salem Media Group Schedules Third Quarter 2019 Earnings Release and Teleconference

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (NASDAQ: SALM) announced today that it plans to report its third quarter 2019 financial results after the market closes on November 6, 2019. The company also plans to host a teleconference to discuss its results on November 6, 2019 a…

Salem Media Group Introduces Six Finalists for First National “Culture Warrior of the Year” Award

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (NASDAQ:SALM), announced today six finalists for the national award. Finalists determined by the Salem Editorial Board after review of more than 500 nominations from Salem radio listeners are: Franklin Graham, Abby Johnson, Charlie Kir…

Salem Media Group Shrinks Board to Reduce Costs

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) announced the resignation of board members James Keet Lewis, Jonathan Venverloh, Stuart W. Epperson Jr., and Edward C. Atsinger from its Board of Directors effective September 11, 2019. Salem Media Group’s Chief Executive Of…

Salem Media Group, Inc. Announces Quarterly Cash Distribution

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) announced today that its Board of Directors has declared a cash distribution for the third quarter of 2019 in the amount of $0.065 per share. The cash distribution will be paid on September 30, 2019 to all Class A and Cl…

Salem Media Group Frequently Asked Questions

  • When was Salem Media Group founded?

    Salem Media Group was founded in 1986.

  • Who are Salem Media Group key executives?

    Salem Media Group's key executives are Stuart W. Epperson, Edward G. Atsinger III and Dave Santrella.

  • How many employees does Salem Media Group have?

    Salem Media Group has 1,173 employees.

  • What is Salem Media Group revenue?

    Latest Salem Media Group annual revenue is $262.8 m.

  • What is Salem Media Group revenue per employee?

    Latest Salem Media Group revenue per employee is $224 k.

  • Who are Salem Media Group competitors?

    Competitors of Salem Media Group include iHeartMedia, MDPI and Dow Jones.

  • Where is Salem Media Group headquarters?

    Salem Media Group headquarters is located at 4880 Santa Rosa Rd, Camarillo.

  • Where are Salem Media Group offices?

    Salem Media Group has offices in Camarillo, Arlington, Irving, Maitland and in 3 other locations.

  • How many offices does Salem Media Group have?

    Salem Media Group has 7 offices.