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Salem Media Group

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    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(2018-06-14)
    $116.5 M
    Type
    Public
    HQ
    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

    Stuart Epperson

    Stuart Epperson

    Chairman of the Board
    Edward Atsinger

    Edward Atsinger

    Chief Executive Officer and Director
    Dave Santrella

    Dave Santrella

    President – Broadcast Media
    David Evans

    David Evans

    President – New Media
    Evan Masyr

    Evan Masyr

    Executive Vice President and Chief Financial Officer
    Chris Henderson

    Chris Henderson

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

    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
    Show all (7)
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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
    USD

    Revenue (Q1, 2018)

    		63.8 m

    Net income (Q1, 2018)

    		828 k

    EBIT (Q1, 2018)

    		5.7 m

    Market capitalization (14-Jun-2018)

    		116.5 m

    Closing share price (14-Jun-2018)

    		4.5

    Cash (31-Mar-2018)

    		6 k

    EV

    		116.6 m
    Salem Media Group's current market capitalization is $116.5 m.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

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

    Revenue growth, %

    		12%0%3%

    Operating expense total

    		240.8 m

    Depreciation and amortization

    		12.4 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Revenue

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

    Operating expense total

    		49.5 m57 m61.1 m60.8 m56.2 m58 m58.7 m58.5 m58.1 m62.4 m60.2 m57.5 m58.1 m

    Depreciation and amortization

    		4.5 m

    EBIT

    		5.3 m5.7 m9.3 m8.8 m6.1 m9.7 m8.8 m4.8 m8.6 m5.7 m
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		65 k33 k98 k130 k3 k

    Accounts Receivable

    		720 k3.5 m2 m751 k

    Inventories

    		572 k893 k670 k730 k

    Current Assets

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

    Cash

    		1.4 m278 k232 k311 k182 k192 k186 k84 k44 k80 k83 k19 k6 k

    Accounts Receivable

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

    Inventories

    		564 k740 k626 k641 k858 k1.1 m871 k903 k746 k841 k867 k808 k

    Current Assets

    		49.8 m53.2 m54.1 m59.4 m53.7 m54.1 m57.2 m52.9 m52 m56.1 m42.9 m43.5 m46.3 m
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

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

    Depreciation and Amortization

    		15.3 m18.8 m17.7 m17.3 m17 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
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

    Net Income

    		5.3 m431 k1.3 m3.7 m295 k3.5 m2.1 m353 k3.4 m2.2 m1.1 m828 k

    Depreciation and Amortization

    		3.1 m3.1 m3.2 m3.1 m3.2 m4.4 m4.5 m4.1 m4.2 m4.3 m4.1 m4.5 m

    Inventories

    		740 k626 k641 k858 k1.1 m871 k903 k746 k841 k(78 k)

    Accounts Payable

    		4.1 m5.3 m5.8 m4.6 m5.9 m4.2 m3.6 m5.8 m5.8 m6.6 m
    show all
    USDY, 2018

    EV/EBIT

    		20.6 x

    EV/CFO

    		9.1 x

    Financial Leverage

    		2.5 x
    Show all financial metrics

    Salem Media Group Operating Metrics

    FY, 2014FY, 2015FY, 2016

    AM Radio Stations

    		76 82 84

    Mobile Applications

    		12 12

    Radio Station Markets

    		39 40 40

    Websites Managed

    		25 25 24
    Show all operating metrics

    Salem Media Group Revenue Breakdown

    Embed Graph

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

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    Competitors

    iHeartMedia
    Entertainment & Publishing - Public
    The New York Times Company
    Entertainment & Publishing - Public
    Issuu
    Entertainment & Publishing - Private
    The Week
    Entertainment & Publishing - Private
    Compare competitors

    Salem Media Group Online and Social Media Presence

    Embed Graph
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    Salem Media Group News and Updates

    May 11, 2018

    Salem Media Group, Inc. (SALM) CEO Edward Atsinger on Q1 2018 Results - Earnings Call Transcript

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