secwatch.observer — SEC 8-K summary
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Issuer:     SALEM MEDIA GROUP, INC. /DE/ (SALM)
CIK:        0001050606
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-139415
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 Q1 2023: Revenue up 1.4% to $63.5M, net loss $5.2M, Q2 revenue guidance down 5-7%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050606/000119312523139415/0001193125-23-139415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050606/000119312523139415/d65454d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139415

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