Salem Media Group (SALM) Misses Q4 EPS by 19c, Revenues Beat
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Salem Media Group, Inc. Announces Fourth Quarter 2018 Total Revenue of $67.2 Million
March 12, 2019 4:05 PM EDTCAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and twelve months ended December 31, 2018.
Fourth Quarter 2018 Results
For the quarter ended December 31, 2018 compared to the quarter ended December 31, 2017:
Consolidated
Total revenue remained consistent at $67.2 million; Total operating expenses increased 1.3% to $63.5 million from $62.7 million; Operating expenses, excluding gains or losses on the disposition of assets, stock-based compensation expense, changes in the estimated fair value of contingent earn-out consideration, impairment losses, depreciation expense and amortization expense (1)... More