secwatch.observer — SEC 8-K summary
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Issuer:     SALEM MEDIA GROUP, INC. /DE/ (SALM)
CIK:        0001050606
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001193125-23-064615
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050606/000119312523064615/0001193125-23-064615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050606/000119312523064615/d458493d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-064615

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