Salem Media Q4 revenue $69.1M (+7.2% YoY); diluted EPS $0.61 vs $0.12

SALEM MEDIA GROUP, INC. /DE/

Net income of $16.8M ($0.61 diluted EPS) includes $13M net gain on asset sales (land in Tampa).
Adjusted EBITDA up 9.3% to $10.8M; total operating expenses down 16.2% to $48.7M.
Broadcast net revenue $51.0M (+6.1%); Publishing revenue $6.5M (+27.1%); Digital Media $11.6M (+2.9%).
Company repurchased $38.6M of 6.75% senior secured notes due 2024 for $39.3M cash; $114.7M outstanding in new 2028 Notes.
Post-Q4: Acquired WLCC-AM in Brandon, FL for $600K; sold Phoenix land for $2.0M; pending Denver land sale for $8.2M.

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