{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-276041","form_type":"8-K","ticker":"SALM","cik":"0001050606","company_name":"SALEM MEDIA GROUP, INC. /DE/","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.036684+00:00","generated_at":"2026-06-08T04:35:07.176981+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 Q3 revenue down 5% to $63.5M; net loss widens to $31.3M on $35.1M impairment","bullets":["Total revenue $63.5M (-5.0% YoY); net loss $31.3M ($1.15 EPS) vs $11.9M loss prior year.","Operating loss $36.3M includes $35.1M broadcast license impairment; adjusted EBITDA up 9.3% to $2.5M.","Broadcast revenue down 4.2% to $49.0M; station operating income fell 31.8% to $6.8M.","Agreed to sell Salem Church Products for $30M in Q4 2023; sold Greenville stations for $6.8M in Nov.","Q4 2023 outlook: total revenue to decline 6-8% YoY; excluding political and asset sales, decline 2-4%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-276041","json":"https://secwatch.observer/filing/0001193125-23-276041.json","markdown":"https://secwatch.observer/filing/0001193125-23-276041.md","text":"https://secwatch.observer/filing/0001193125-23-276041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523276041/0001193125-23-276041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523276041/d396232d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T04:35:07.176981+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":"5e0efeb88b760924318cd4dd638168cc945bef6f","claim":"SALEM MEDIA GROUP, INC. /DE/ reported the quarter ended September 30, 2023 results: revenue $63.5 million, net income $31.3 million, or $1.15 net loss per share, EPS $1.15 net loss per share.","evidence_excerpt":"of operations for the quarter ended September 30, 2023. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 SALEM MEDIA GROUP, INC. ANNOUNCES THIRD QUARTER 2023 TOTAL REVENUE OF $63.5 MILLION IRVING, TX November 13, 2023 – Salem Media Group, Inc. (the “company”) (Nasdaq: SALM) released its results for the three and nine months ended September 30, 2023. Third Quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523276041/0001193125-23-276041-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$63.5 million"},{"label":"Net income","value":"$31.3 million, or $1.15 net loss per share"},{"label":"EPS","value":"$1.15 net loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fd88e83aebfe47807eb73fe83f67dd036ca925a1","claim":"SALEM MEDIA GROUP, INC. /DE/ reported the nine months ended September 30, 2023 results: revenue $192.8 million, net income $43.5 million, or $1.60 net loss per share, EPS $1.60 net loss per share.","evidence_excerpt":"2022. Year to Date 2023 Results For the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022: Consolidated • Total revenue decreased 2.7% to $192.8 million from $198.2 million; • Total operating expenses increased 21.9% to $237.3 million from $194.6 million; • Operating expenses, excluding gains or losses on the disposition of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523276041/0001193125-23-276041-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Revenue","value":"$192.8 million"},{"label":"Net income","value":"$43.5 million, or $1.60 net loss per share"},{"label":"EPS","value":"$1.60 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"}