secwatch.observer — SEC 8-K summary
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Issuer:     SALEM MEDIA GROUP, INC. /DE/ (SALM)
CIK:        0001050606
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001193125-21-236304
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Salem Media Q2 revenue $63.8M (+20.6%); net income $2.3M vs loss; Q3 guidance up 2-4%
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- Net income of $2.3M ($0.08 diluted EPS) vs net loss of $2.5M ($0.09 loss) in Q2 2020.
- Broadcast SOI up 66.6% to $10.6M; digital media operating income up 11.8% to $2.0M.
- Q3 2021 total revenue projected up 2-4% YoY; ex-political & film revenue up 9-11%.
- Sold 34 acres in Lewisville, TX for $12.1M cash; acquired KDIA-AM/KDYA-AM for $0.6M.
- PPP loans of $11.2M forgiven except $20k during July 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050606/000119312521236304/0001193125-21-236304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050606/000119312521236304/d109453d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-236304

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer