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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) Snapshot

Open
$6.15
Previous Close
$6.08
Day High
$6.25
Day Low
$6.09
52 Week High
11/10/14 - $11.00
52 Week Low
08/8/14 - $5.04
Market Cap
157.1M
Average Volume 10 Days
33.1K
EPS TTM
$0.31
Shares Outstanding
19.8M
EX-Date
03/13/15
P/E TM
19.8x
Dividend
$0.26
Dividend Yield
4.07%
Current Stock Chart for SALEM MEDIA GROUP INC (SALM)

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salem media group inc (SALM) Details

Salem Media Group, Inc. operates as a multi-media company in the United States. It operates in three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations in the United States, as well as sell commercial airtime to national advertisers and independent radio station affiliates. It also provides Christian and conservative-themed content, audio and video streaming, and other resources digitally through Christian content Websites, such as OnePlace.com, Christianity.com, Crosswalk.com, GodVine.com, Jesus.org, and BibleStudyTools.com; and conservative opinion Websites, such as Townhall.com, HotAir.com, Twitchy.com, HumanEvents.com, and RedState.com. The company also issues digital newsletters, including Eagle Financial Publications that provide market analysis and investment advice for individual subscribers; and operates Church product Websites, such as WorshipHouseMedia.com, SermonSpice.com, and ChurchStaffing.com that offer downloads and service platforms; and e-commerce sites, including Salem Consumer Products, an e-commerce business that sells books, DVD’s, and editorial content, and Eagle Wellness, an online site offering complimentary health advice and nutritional products. In addition, it publishes conservative books, such as Ann Coulter, Newt Gingrich, Michelle Malkin, David Limbaugh, Ed Klein, Laura Ingraham, Mark Steyn, and Dinesh D'Souza; and produces and distributes Christian and conservative opinion print magazines, including Homecoming The Magazine, YouthWorker Journal, Singing News, FaithTalk Magazine, and Preaching Magazine, as well as Xulon Press, a print-on-demand self-publishing service for Christian authors. The company was formerly known as Salem Communications Corporation and changed its name to Salem Media Group, Inc. in February 2015. Salem Media Group, Inc. was founded in 1986 and is headquartered in Camarillo, California.

1,230 Employees
Last Reported Date: 03/13/15
Founded in 1986

salem media group inc (SALM) Top Compensated Officers

Founder, Chief Executive Officer, Director an...
Total Annual Compensation: $1.1M
President of New Media
Total Annual Compensation: $533.4K
President of Broadcast Media
Total Annual Compensation: $444.2K
Compensation as of Fiscal Year 2013.

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.

 

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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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