Friday, February 28, 2014

Salem Sez N/T Station Revenue Was Off 4 Percent

Evan Masyr
During Thursday's conference call with analysts. Evan D. Masyr, Chief Financial Officer for Salem Communications proivded data on the companys radio stations:
  • 39 of Salem's radio stations are programmed in our foundational Christian Teaching and Talk format. These stations contributed 44% of total broadcast revenue and remained flat for the quarter. Block programming was up for -- in this format by 2.9%.
  • News Talk stations had a decrease of 4% in revenue for the quarter entirely due to the lack of political revenue. Overall, these stations contributed 15% of our total broadcast revenue.
  • 12 Contemporary Christian Music stations contributed 24% of total broadcast revenue, an increase of 5% for the quarter. Salem is seeing some strong results from many of its music stations, most notably this quarter in Dallas and in Atlanta.
  • 7 Spanish language Christian Teaching and Talk stations grew revenue by 11%, and the format is now 2% of our total broadcast revenue.
  • 10 stations doing a business talk format. This format contributed 3% of total broadcast revenue and increased 15% for the quarter.
  • Salem's network revenue increased 1% for the quarter and is 9% of total broadcast revenue. 
Masyr also announced that Publishing revenue was flat at $3.4 million and is representing 5% of Salem's total revenue. Revenue from our Internet and e-commerce businesses increased 17% to $11.9 million. Internet revenue is 19% of total revenue.

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