{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-206218","form_type":"8-K","ticker":"SALM","cik":"0001050606","company_name":"SALEM MEDIA GROUP, INC. /DE/","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.020383+00:00","generated_at":"2026-06-12T00:21:35.412905+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Salem Media Q2 revenue down 4.2% to $65.8M; net loss $7.1M vs prior-year net income $9.1M","bullets":["Net loss per diluted share $0.26 vs $0.33 income YoY; Adjusted EBITDA fell 77% to $2.7M.","Broadcast revenue declined 5.3% to $49.7M; Station Operating Income down 43.5%.","Company not in compliance with fixed charge coverage ratio at June 30; bank forbearance signed through August with revolver reduced to $25M and rate +200 bps.","Impairment charges totaling $2.9M (goodwill in Townhall and broadcast licenses in Portland/SF).","Q3 outlook: total revenue projected to decline 3%-5% from $66.9M in Q3 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-206218","json":"https://secwatch.observer/filing/0001193125-23-206218.json","markdown":"https://secwatch.observer/filing/0001193125-23-206218.md","text":"https://secwatch.observer/filing/0001193125-23-206218.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523206218/0001193125-23-206218-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523206218/d457546d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T00:21:35.412905+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}