secwatch.observer — SEC 8-K summary
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Issuer:     SALEM MEDIA GROUP, INC. /DE/ (SALM)
CIK:        0001050606
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001193125-22-212518
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050606/000119312522212518/0001193125-22-212518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050606/000119312522212518/d219865d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-212518

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