{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-139415","form_type":"8-K","ticker":"SALM","cik":"0001050606","company_name":"SALEM MEDIA GROUP, INC. /DE/","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.773352+00:00","generated_at":"2026-06-15T07:56:59.259284+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Salem Media Q1 2023: Revenue up 1.4% to $63.5M, net loss $5.2M, Q2 revenue guidance down 5-7%","bullets":["Total revenue $63.5M (+1.4% YoY); net loss $5.2M ($0.19/share) vs. net income $1.7M a year ago.","Operating loss $4.2M (vs. income $5.0M in Q1 2022); EBITDA turned negative to $(0.6)M.","Broadcast SOI down 46.4% to $5.5M; Digital Media Operating Income down 17% to $1.5M.","Q2 2023 revenue expected to decline 5-7% YoY; operating expenses to increase 3-6%.","Impairment of $2.1M on broadcast license for Miami station WMYM-AM; also closed several acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-139415","json":"https://secwatch.observer/filing/0001193125-23-139415.json","markdown":"https://secwatch.observer/filing/0001193125-23-139415.md","text":"https://secwatch.observer/filing/0001193125-23-139415.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523139415/0001193125-23-139415-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523139415/d65454d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:56:59.259284+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2e932f90ac744cc9eda2fd1a09b5b370020f5e18","claim":"SALEM MEDIA GROUP, INC. /DE/ reported the three months ended March 31, 2023 results: revenue $63.5 million, net income net loss of $5.2 million, or $0.19 net loss per share, EPS $0.19 net loss per share.","evidence_excerpt":"of operations for the quarter ended March 31, 2023. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 SALEM MEDIA GROUP, INC. ANNOUNCES FIRST QUARTER 2023 TOTAL REVENUE OF $63.5 MILLION IRVING, TX May 9, 2023 – Salem Media Group, Inc. (the “company”) (Nasdaq: SALM) released its results for the three months ended March 31, 2023. First Quarter 2023 Results For the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523139415/0001193125-23-139415-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$63.5 million"},{"label":"Net income","value":"net loss of $5.2 million, or $0.19 net loss per share"},{"label":"EPS","value":"$0.19 net loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}