Salem Media Group (SALM) Tops Q2 EPS by 9c, Revenues Beat
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Salem Media Group, Inc. Announces Second Quarter 2020 Total Revenue of $52.9 Million
August 6, 2020 4:05 PM EDTCAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and six months ended June 30, 2020.
Second Quarter 2020 Results
For the quarter ended June 30, 2020 compared to the quarter ended June 30, 2019:
Consolidated
Total revenue decreased 18.3% to $52.9 million from $64.7 million; Total operating expenses decreased 9.0% to $53.8 million from $59.1 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, depreciation expense and amortization expense (1)... More