---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-064615"
form_type: "8-K"
ticker: "SALM"
cik: "0001050606"
company_name: "SALEM MEDIA GROUP, INC. /DE/"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:11:31.883543+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Salem Media Q4 2022 net loss $2.2M; revenue $68.8M down 0.5%; impairments weigh

## Summary
- Net loss per diluted share $0.08 vs net income $0.61 in Q4 2021; operating income down 92% to $1.6M.
- Adjusted EBITDA fell 33% to $7.3M; broadcast SOI down 17.4%; digital revenue down 10.3%.
- Full-year net loss $3.2M vs net income $41.5M; $14M impairment charge on broadcast licenses.
- Balance sheet: $114.7M 7.125% notes due 2028, $39M 6.75% notes due 2024, $9M ABL drawn.
- Q1 2023 outlook: total revenue flat to -2% YoY; Recurring OpEx up 7-10%.

## SEC filing metadata
- accession: 0001193125-23-064615
- form_type: 8-K
- ticker: SALM
- cik: 0001050606
- company_name: SALEM MEDIA GROUP, INC. /DE/
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050606/000119312523064615/0001193125-23-064615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050606/000119312523064615/d458493d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-064615
- JSON: https://secwatch.observer/filing/0001193125-23-064615.json
- Plain text: https://secwatch.observer/filing/0001193125-23-064615.txt

## Key facts
- Earnings Releases
  SALEM MEDIA GROUP, INC. /DE/ reported the quarter ended December 31, 2022 results: revenue $68.8 million, net income net loss of $2.2 million, EPS $0.08 net loss per share.
  - Period: the quarter ended December 31, 2022
  - Revenue: $68.8 million
  - Net income: net loss of $2.2 million
  - EPS: $0.08 net loss per share
  - Result: reported results
  source text: Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and twelve months ended December 31, 2022. Fourth Quarter 2022 Results For the quarter ended December 31, 2022 compared to the quarter ended December 31, 2021: Consolidated • Total revenue decreased 0.5% to $68.8 million from $69.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050606/000119312523064615/0001193125-23-064615-index.htm

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