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Last $6.20 USD
Change Today +0.12 / 1.97%
Volume 14.7K
SALM On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

salem media group inc (SALM) Key Developments

Salem Media Group, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for First Quarter of 2015; Reports Impairment of Goodwill for the Fourth Quarter Ended December 31, 2014

Salem Media Group, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $65,947,000 against $62,694,000 a year ago. Net operating income from continuing operations was $6,947,000 against $9,690,000 a year ago. Income from continuing operations before income taxes was $1,311,000 against $6,658,000 a year ago. Income from continuing operations was $38,000 against $5,344,000 a year ago. Net income was $38,000 against $5,333,000 a year ago. Adjusted EBITDA was $11,917,000 against $14,303,000 a year ago. EBITDA was $11,316,000 against $13,552,000 a year ago. Cash Capital expenditures, net was $1,732,000 against $2,847,000 a year ago. Free cash flow was $6,468,000 against $8,101,000 a year ago. For the year, the company reported revenue of $266,536,000 against $236,934,000 a year ago. Net operating income from continuing operations was $28,616,000 against $34,533,000 a year ago. Income from continuing operations before income taxes was $10,240,000 against loss before continuing operations before income taxes $6,891,000 a year ago. Income from continuing operations was $5,475,000 against loss of $2,699,000 a year ago. Net income was $5,475,000 or $0.21 per diluted share against loss of $2,736,000 or $0.11 per share a year ago. Adjusted EBITDA was $50,746,000 against $52,842,000 a year ago. EBITDA was $47,715,000 against $21,981,000 a year ago. Free cash flow was $26,608,000 against $25,318,000 a year ago. Cash Capital expenditures, net was $9,363,000 against $10,535,000 a year ago. For the first quarter of 2015, the company expects total revenue to decrease 1% to 3% over the first quarter 2014 total revenue of $62.3 million. The company is also projecting operating expenses before gains or losses on the sale or disposal of assets, impairment charges, stock-based compensation expense, depreciation and amortization expense to increase 1% to 4% as compared to the first quarter of 2014 operating expenses of $51.7 million. For the quarter, the company reported impairment of goodwill of $45,000 for the fourth quarter ended December 31, 2014.

Salem Media Mulls Acquisitions

Salem Media Group, Inc. (NasdaqGM:SALM) is looking for acquisitions. Chief Financial Officer, Evan Masyr stated, “Clearly, we are doing what we can to maintaining our free cash flow as much as possible on the radio side. And certainly, that is sort of how we are able to fund future acquisitions, be it radio or digital. We're not satisfied with just keeping flat station operating income.”

Salem Media Group, Inc. Declares Cash Distribution for the First Quarter of 2015, Payable on March 31, 2015

Salem Media Group, Inc. announced that its board of directors has declared a cash distribution for the first quarter of 2015 in the amount of $0.0650 per share. The cash distribution will be paid on March 31, 2015 to all Class A and Class B common stockholders of record as of March 17, 2015.

Salem Communications Corp. has Changed its Name to Salem Media Group, Inc

On February 19, 2015, Salem Communications Corp. changed its name to Salem Media Group, Inc.

Salem Communications Corp. to Report Q4, 2014 Results on Mar 10, 2015

Salem Communications Corp. announced that they will report Q4, 2014 results at 2:00 PM, Pacific Standard Time on Mar 10, 2015

 

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Industry Analysis

SALM

Industry Average

Valuation SALM Industry Range
Price/Earnings 29.0x
Price/Sales 0.6x
Price/Book 0.8x
Price/Cash Flow 6.3x
TEV/Sales NM Not Meaningful
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