Wednesday, August 7, 2013

Salem Sez 2Q Broadcast Revenue Increased 1.4 Percent

Salem Communications Corporation released its results for the three and six months ended June 30, 2013.

For the quarter ended June 30, 2013 compared to the quarter ended June 30, 2012:
  • Total revenue increased 4.4% to $60.1 million from $57.6 million
  • Net broadcast revenue increased 1.4% to $47.0 million from $46.4 million
  • Station operating income ("SOI") increased 2.1% to $16.2 million from $15.9 million
  • Same station net broadcast revenue increased 0.2% to $46.4 million from $46.3 million
  • Internet revenue increased 23.3% to $9.9 million from $8.0 million
  • Internet operating income increased 56.7% to $3.0 million from $1.9 million.

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