---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-064341"
form_type: "8-K"
ticker: "SALM"
cik: "0001050606"
company_name: "SALEM MEDIA GROUP, INC. /DE/"
filed_at: "2022-03-03T23:59:59+00:00"
generated_at: "2026-06-27T01:50:27.339752+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.68
calibrated_materiality_score: 0.68
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-064341
- form_type: 8-K
- ticker: SALM
- cik: 0001050606
- company_name: SALEM MEDIA GROUP, INC. /DE/
- filed_at: 2022-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.68
- calibrated_materiality_score: 0.68
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050606/000119312522064341/0001193125-22-064341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050606/000119312522064341/d262051d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-064341
- JSON: https://secwatch.observer/filing/0001193125-22-064341.json
- Plain text: https://secwatch.observer/filing/0001193125-22-064341.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.