secwatch.observer — SEC 8-K summary
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Issuer:     SALEM MEDIA GROUP, INC. /DE/ (SALM)
CIK:        0001050606
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001193125-22-064341
Event type: earnings
Sentiment:  positive
Materiality: 0.68
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050606/000119312522064341/0001193125-22-064341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050606/000119312522064341/d262051d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-064341

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