Company Quick10K Filing
Salem Media
10-K 2019-12-31 Filed 2020-03-13
10-Q 2019-09-30 Filed 2019-11-12
10-Q 2019-06-30 Filed 2019-08-09
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-13
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-16
10-Q 2017-09-30 Filed 2017-11-08
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-03-10
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-03-11
10-Q 2015-09-30 Filed 2015-11-09
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-13
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-10
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-04
10-K 2011-12-31 Filed 2012-03-09
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-09
10-K 2010-12-31 Filed 2011-03-11
10-Q 2010-09-30 Filed 2010-11-08
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-03-12
8-K 2020-05-11 Other Events, Exhibits
8-K 2020-05-11 Delisting
8-K 2020-05-11 Other Events
8-K 2020-05-11 Officers, Exhibits
8-K 2020-05-06 Shareholder Vote
8-K 2020-04-07 Enter Agreement, Off-BS Arrangement
8-K 2020-03-26 Regulation FD, Exhibits
8-K 2020-03-12 Earnings, Regulation FD, Exhibits
8-K 2020-01-01 Officers, Exhibits, Exhibits
8-K 2019-11-12 Earnings, Regulation FD, Exhibits
8-K 2019-09-11 Officers, Amend Bylaw, Exhibits
8-K 2019-08-08 Earnings, Regulation FD, Exhibits
8-K 2019-06-28 Officers, Exhibits, Exhibits
8-K 2019-05-10 Earnings, Regulation FD, Exhibits
8-K 2019-05-08 Shareholder Vote
8-K 2019-03-21 Officers, Exhibits, Exhibits
8-K 2019-03-12 Earnings, Regulation FD, Exhibits
8-K 2018-12-12 Officers
8-K 2018-11-07 Earnings, Regulation FD, Exhibits
8-K 2018-08-08 Earnings, Regulation FD, Exhibits, Earnings, Regulation FD, Exhibits
8-K 2018-07-10 Enter Agreement, Enter Agreement, Exhibits
8-K 2018-05-09 Officers, Shareholder Vote, Exhibits, Exhibits
8-K 2018-05-08 Earnings, Regulation FD, Exhibits, Earnings, Regulation FD, Exhibits
8-K 2018-03-15 Earnings, Regulation FD, Exhibits, Earnings, Regulation FD, Exhibits

Salem Media Financials

SALM Metrics, Comps, Filings

Quarterly | Annual

Business

Salem Media Group, Inc. ("Salem") is a domestic multimedia company specializing in Christian and conservative content, with media properties comprising radio broadcasting, digital media, and publishing. Our content is intended for audiences interested in Christian and family-themed programming and conservative news talk. Our filings with the Securities and Exchange Commission ("SEC") are available under the Investor Relations section of our website at www.salemmedia.com. Any information found our website is not a part of or incorporated by reference into, this or any report of Salem filed with, or furnished to the SEC.

We have three operating segments: (1) Broadcast, (2) Digital Media, and (3) Publishing, which also qualify as reportable segments. Our operating segments reflect how our chief operating decision makers, which we define as a collective group of senior executives, assess the performance of each operating segment and determine the appropriate allocations of resources to each segment. We continually review our operating segment classifications to align with operational changes in our business and may make changes as necessary.

We are fundamentally committed to programming and content emphasizing Christian values, conservative family themes and news. Our commitment to these values means that we may choose not to switch to other formats or pursue potentially more profitable business opportunities in response to changes in audience preferences.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pandora (P) 2,533,179 33% -9.4 -28% 1,172,803 606,924 1,516,990 502,581 -332,102 -254,951 2,400,809
Gray Television (GTN) 1,604,890 0% 14.8 2% 7,104,000 5,051,000 1,871,220 0 173,267 363,267 5,378,890
Central European Media Enterprises (CETV) 1,204,711 45% 8.6 9% 1,339,181 804,599 697,260 311,443 125,606 205,609 1,765,145
EW Scripps (SSP) 1,014,198 0% 18.8 -0% 3,506,491 2,612,883 1,347,548 0 -6,964 155,328 2,913,479
Entercom Communications (ETM) 470,203 0% -12.0 -8% 4,185,448 2,817,578 1,487,186 0 -319,621 -180,130 2,165,827
Entravision Communications (EVC) 271,586 0% 37.7 -3% 687,842 401,866 284,810 0 -19,970 12,288 463,547
Townsquare Media (TSQ) 191,688 0% 13.1 -0% 1,029,668 680,584 428,289 0 -1,591 51,557 677,096
Urban One (UONE) 110,368 15% 11.1 10% 1,261,501 1,062,573 444,616 67,499 123,208 87,503 972,242
Beasley Broadcast Group (BBGI) 87,551 0% 10.2 1% 739,883 458,414 189,461 0 8,666 32,237 328,652
Emmis Communications (EMMS) 58,888 0% 7.3 2% 259,872 157,774 113,896 0 4,025 18,575 135,154
Salem Media (SALM) 43,385 0% 36.2 -4% 586,245 391,574 189,265 0 -23,327 8,105 293,343
NTN Buzztime (NTN) 6,601 0% 29.0 -5% 14,919 8,574 14,638 0 -754 200 5,804
Saga Communications (SGA) 183 0% -1.5 6% 248,999 58,596 124,219 0 13,733 20,064 -30,889
Liberty Media Corporation (BATRA)
Akazoo (SONG)
Cumulus Media (CMLS) -94.7 -0% 0 0 0 -10,600 1,003,622
Grupo Televisa (TV) 0% 297,170,593 192,639,902 0 0 0 0 -1,961,106
Phoenix New Media (FENG) 0% 4,630,719 1,240,358 0 0 0 0 -443,672
Tencent Music (TME) 0% 44,605,000 6,833,000 0 0 0 0 -0
ViacomCBS (VIAC) 0% 2.0 16% 24,476,000 19,424,000 15,438,000 0 3,925,000 4,615,000 9,041,000

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash1,3701967312299195380123731,4266527823231133182192186988444801308319436917117497
Accounts Receivable30,22530,74831,00130,50232,18933,16832,87436,11437,13334,50737,62736,02135,46240,16834,78133,52034,84236,85536,02931,84533,09136,44437,26033,95133,55235,86234,84330,05832,57735,05833,02030,40532,15433,465
Inventory5647406265726418581,073893871903746670841867809730808953891677533630649
PP&E113,877112,382111,222111,761102,341100,668235,29099,48999,36998,759244,14399,639101,468100,296254,72299,378101,843103,645267,865266,192265,163256,304258,814261,473262,486264,051264,200265,959263,022264,646267,350268,601268,866258,795
Assets565,746563,211561,310561,940559,300559,084559,227581,921573,590571,089575,113588,947588,999592,552583,159582,353585,991594,892597,375593,650592,341599,073590,268578,515577,809583,624572,819570,172564,576568,933559,028612,267611,059586,245
Accounts Payable3,2062,1664,5654,1214,3992,6844,4403,0713,4243,1053,9603,8974,0655,2522,9645,8014,5875,9095,1774,1743,6125,8214,9685,7952,5423,7211,5841,6774,2284,5832,1875,2115,7364,305
Long-Term Debt288,058277,586265,679271,001273,000250,455248,872303,411292,762290,844287,672290,884289,257286,377277,505274,235278,239272,183277,116273,067270,817268,049261,674257,614259,322256,116258,688249,881252,280250,410253,853247,900254,316249,965
Liabilities365,126360,941358,262358,561358,148355,112353,158394,730381,520372,939373,328387,036386,494387,418379,165379,145380,583388,874387,554383,256381,405386,660376,422363,861363,139370,387341,538339,699337,843342,482337,159391,602394,830391,574
Stockholders' Equity200,620202,270203,048203,379201,152203,972206,069187,191192,070198,150201,785201,911202,505205,134203,994203,208205,408206,018209,821210,394210,936212,413213,846214,654214,670213,237231,281230,473226,733226,451221,869220,665216,229194,671
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue56,13254,89655,35554,28457,62656,71960,55055,62860,13658,47662,69462,33372,49469,60365,94761,85667,29367,49169,14764,57567,77971,27270,69564,98066,11265,43367,21163,79566,27265,52860,46964,68064,116
Cost of Revenue
Gross Profit
R&D
SG&A4,2044,2854,4634,8675,3864,6434,5785,7966,2454,9515,5916,8307,3375,254-4503,9913,5183,6973,9404,2133,5684,1473,0665,1253,8254,2333,0723,9214,0303,9873,8714,3324,183
Tax7324291368719845-31234,3355-8982302,5671,2731512,3031,3172,9241682,1903,763-1,549646690170-32402-8665641304,8921,108
Net Income1,1001,485446843-1,7923,3682,009-18,5935,2015,3235,3334311,2633,743382953,5232,0775,2553533,3562,1922,9721,0601,272-4622,358828-2,1671,207322-3,644-20,005
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating9,91210,3172,4279,6178,4881,84910,0639,4647,35910,30010,6306,35614,6397,1388,8099,48510,69811,0788,6406,79112,3579,0377,5422,16212,873-2,80210,1278,967-1,2066,710
Cash Investing-1,783-4,081-2,576-5,727-6,682-9,915-109-5,422-2,291-8,836-2,118-2,757-4,597-7,680-10,321-6,585-5,678-1,444-5,272-3,099-3,130-1,861-488-2,385-220-6,719-1,388-1,815-672
Cash Financing-9,480-5,995139-3,993-1,6207,821-10,001-2,678-6,418-1,251-2,653-4,159-12,160-2,392-1,119830-4,201-5,414-7,236-1,483-9,208-5,954-5,745-1,675-10,4853,025-3,400-7,6923,026-6,040