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Salem Media Group’s earnings increased in second quarter despite drop in revenue
Christian broadcasting giant Salem Media Group released its second-quarter results this week with $60.6 million in revenue, down 7.7% year-over-year.
Catch up on Salem Media’s financial position in our latest earnings analysis.
Publicly traded Christian broadcasting giant Salem Media Group reported a $2 million operating loss in its first-quarter earnings, a significant improvement from $4.1 million a year ago.
Declining ad revenue, divestitures, real estate sales, and cost cuts are the key themes of Salem’s year-end report
Broadcasting giant Salem Media Group, one of the only Christian publicly traded companies, closed 2023 with $258 million in revenue—down $8 million from 2022.
