---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-212518"
form_type: "8-K"
ticker: "SALM"
cik: "0001050606"
company_name: "SALEM MEDIA GROUP, INC. /DE/"
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T03:38:42.848340+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Salem Media Q2 revenue up 7.7% to $68.7M; net income surges 304% to $9.1M; issues Q3 outlook

## Summary
- Net income $9.1M ($0.33 diluted EPS) vs $2.3M ($0.08) a year ago; included $6.9M net gain on asset sales and $3.9M impairment.
- Broadcast revenue up 12.1% to $52.5M, but Station Operating Income fell 6.2% to $10.0M.
- Digital media revenue up 4.5% to $10.8M, operating income up 26.5% to $2.5M; Publishing revenue down 18.5% to $5.4M.
- Q3 2022 outlook: total revenue growth of 6-8% YoY; operating expenses (non-GAAP) up 11-14% YoY.
- Balance sheet: $114.7M on 7.125% notes due 2028, $44.7M on 6.75% notes due 2024, $10K on ABL.

## SEC filing metadata
- accession: 0001193125-22-212518
- form_type: 8-K
- ticker: SALM
- cik: 0001050606
- company_name: SALEM MEDIA GROUP, INC. /DE/
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050606/000119312522212518/0001193125-22-212518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050606/000119312522212518/d219865d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-212518
- JSON: https://secwatch.observer/filing/0001193125-22-212518.json
- Plain text: https://secwatch.observer/filing/0001193125-22-212518.txt

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