Salem Media Group

Entertainment & Publishing content provider magazine music news radio

Salem Media Group is America’s leading radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values. In addition to its radio properties, Salem owns Salem Radio Network, which syndicates talk, news and music programming to approximately 2,600 affiliates; Salem Radio Representatives, a national radio advertising sales force; Salem Web Network, a leading Internet provider of Christian content and online streaming; and Salem Publishing, a leading publisher of Christian themed magazines. Salem owns and operates 112 radio stations, with 67 stations in the nation’s top 25 markets – and 30 in the top 10. Each of our radio properties has a full portfolio of broadcast and digital marketing opportunities.

Company Growth (employees)

Type

Public

Camarillo, US

Founded

1986

Size (employees)

1,238 (est)

Website

salemmedia.com

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

Salem Media Group Office Locations

Salem Media Group has offices in Camarillo and Irving

Camarillo, US (HQ)

4880 Santa Rosa Rd

Irving, US

220 6400 N Belt Line Rd

Salem Media Group Data and Metrics

Salem Media Group Financial Metrics

Salem Media Group's revenue was reported to be $65 m in Q1, 2017

Summary

USD

Salem Media Group's current market capitalization is $190.6 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	236.9 m	266.5 m	265.8 m	274.3 m
Revenue growth, %		12%	(0%)	3%
Operating expense total	202.4 m	237.9 m	232.8 m	246.2 m
EBIT	34.5 m			28.1 m
EBIT margin, %	15%			10%
Interest expense	16.9 m	16 m
Interest income	68 k	45 k	8 k	6 k
Pre tax profit	(6.9 m)	10.2 m	17.8 m
Income tax expense	(4.2 m)	4.8 m	6.7 m	4.6 m
Net Income	(2.7 m)	5.5 m	11.2 m	8.9 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	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
EBIT			5.7 m	9.3 m	8.8 m	6.1 m	9.7 m	8.8 m	4.8 m
EBIT margin, %			9%	14%	13%	9%	14%	12%	7%
Interest income	26 k	2 k	1 k	2 k	3 k	1 k	2 k	1 k	1 k
Pre tax profit									1.7 m
Net Income	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

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	65 k	33 k	98 k	130 k
Accounts Receivable	720 k	3.5 m	2 m	751 k
Inventories		572 k	893 k	670 k
Current Assets	51 m	54.4 m	56.8 m	55.5 m
Goodwill	22.4 m	24.7 m	24.6 m	25.6 m
Total Assets	575.1 m	583.2 m	597.4 m	590.3 m
Accounts Payable	4 m	3 m	5.2 m	5 m
Total Debt				590 k
Current Liabilities	31.8 m	39.8 m	43.7 m	39.1 m
Total Liabilities				376.4 m
Common Stock	218 k	221 k	223 k	226 k
Additional Paid-in Capital	237.6 m	240.5 m	241.8 m	243.6 m
Retained Earnings	(2.1 m)	(2.8 m)
Total Equity	201.8 m	204 m	209.8 m	213.8 m
Debt to Equity Ratio				0 x
Debt to Assets Ratio				0 x
Financial Leverage	2.9 x	2.9 x	2.8 x	2.8 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	232 k	311 k	182 k	192 k	186 k	84 k	44 k	80 k	83 k
Accounts Receivable	3 m	3.3 m	3.5 m	1.6 m	1.6 m	2.4 m	830 k	1 m	923 k
Inventories	740 k	626 k	641 k	858 k	1.1 m	871 k	903 k	746 k	841 k
Current Assets	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
Goodwill	24.7 m	24.7 m	24.7 m	24.8 m	25 m	24.8 m	24.8 m	25.7 m	25.6 m
Total Assets	589 m	592.6 m	582.4 m	586 m	594.9 m	593.7 m	592.3 m	599.1 m	578.5 m
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
Current Liabilities	40.2 m	42.7 m	43.2 m	42.9 m	47.4 m	42.2 m	37.9 m	41.5 m	39.4 m
Common Stock	220 k	220 k	222 k	222 k	222 k	223 k	224 k	226 k	226 k
Additional Paid-in Capital	239.6 m	240 m	241.1 m	241.4 m	241.6 m	242 m	242.5 m	243.5 m	245 m
Retained Earnings	(3.3 m)	(1.2 m)	(4.1 m)	(2.3 m)	(1.8 m)
Total Equity	202.5 m	205.1 m	203.2 m	205.4 m	206 m	210.4 m	210.9 m	212.4 m	214.7 m
Financial Leverage	2.9 x	2.9 x	2.9 x	2.9 x	2.9 x	2.8 x	2.8 x	2.8 x	2.7 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(2.7 m)	5.5 m	11.2 m	8.9 m
Depreciation and Amortization	15.3 m	18.8 m	17.7 m	17.3 m
Accounts Receivable	(3 m)	4.8 m	2 m	4.2 m
Inventories	(50 k)	210 k	(307 k)	223 k
Accounts Payable	(4.7 m)	4 m	(3.1 m)	(819 k)
Cash From Operating Activities				38.9 m
Capital Expenditures	(10.6 m)	(10.1 m)
Cash From Investing Activities			(29.2 m)	(15.5 m)
Cash From Financing Activities	(11.3 m)	(20.2 m)	(6.9 m)	(23.3 m)
Income Taxes Paid	242 k	257 k	330 k	78 k

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	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	4.7 m	4.7 m	4.5 m	4.4 m	4.5 m	4.1 m	4.2 m	4.3 m	4.1 m
Accounts Receivable	3 m	3.3 m	3.5 m	1.6 m	1.6 m	2.4 m	830 k	1 m	923 k
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

Ratios

USD	Y, 2017
Revenue/Employee	52.5 k
Financial Leverage	2.7 x

Salem Media Group Market Value History

Market Position of Salem Media Group

Competitors

iHeartMedia

Entertainment & Publishing - Public

BBC

Entertainment & Publishing - Private

Napster

Entertainment & Publishing - Private

Slacker Radio

Entertainment & Publishing - Private

Compare competitors

Revenue (Q1, 2017)	65 m
Net income (Q1, 2017)	1.1 m
EBIT (Q1, 2017)	4.8 m
Market capitalization (25-Jul-2017)	190.6 m
Cash (31-Mar-2017)	83 k

Salem Media Group

Company Growth (employees)

Salem Media Group Office Locations

Salem Media Group Data and Metrics

Salem Media Group Financial Metrics

Summary

Revenue (Q1, 2017)

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (25-Jul-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Revenue

EBIT

EBIT margin, %

Interest income

Pre tax profit

Net Income

Balance Sheet

Cash

Accounts Receivable

Inventories

Current Assets

Goodwill

Total Assets

Accounts Payable

Total Debt

Current Liabilities

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Cash

Accounts Receivable

Inventories

Current Assets

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

Capital Expenditures

Cash From Investing Activities

Cash From Financing Activities

Income Taxes Paid

Net Income

Depreciation and Amortization

Accounts Receivable

Inventories

Accounts Payable

Ratios

Revenue/Employee

Financial Leverage

Salem Media Group Market Value History

Market Position of Salem Media Group