{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-320151","form_type":"8-K","ticker":"SALM","cik":"0001050606","company_name":"SALEM MEDIA GROUP, INC. /DE/","filed_at":"2021-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.272869+00:00","generated_at":"2026-06-28T12:33:00.162521+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Salem Media Q3 revenue $66M (+8.8%); net income $22.1M vs $0.3M on asset sale gains","bullets":["Net income $22.1M ($0.81 diluted EPS) vs $0.3M ($0.01) YoY; includes $10.6M gain on asset sales.","Adjusted EBITDA $10.8M, up 12.5% from $9.6M; total operating expenses down 10.2%.","Refinanced $112.8M of 2024 Notes into 7.125% Senior Secured Notes due 2028; plus $50M delayed draw commitments.","Q4 2021 outlook: total revenue flat to +2% YoY; ex-political revenues up 6-8%.","Sold Lewisville, TX land for $12.1M; pending sales of Tampa and Denver land for $13.5M and $8.2M respectively."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-320151","json":"https://secwatch.observer/filing/0001193125-21-320151.json","markdown":"https://secwatch.observer/filing/0001193125-21-320151.md","text":"https://secwatch.observer/filing/0001193125-21-320151.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050606/000119312521320151/0001193125-21-320151-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050606/000119312521320151/d246810d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T12:33:00.162521+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}