Last $7.90 USD
Change Today +0.12 / 1.54%
Volume 24.0K
SALM On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 4:00 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

salem communications -cl a (SALM) Snapshot

Open
$7.79
Previous Close
$7.78
Day High
$7.92
Day Low
$7.68
52 Week High
03/19/14 - $10.34
52 Week Low
08/8/14 - $5.04
Market Cap
200.0M
Average Volume 10 Days
29.8K
EPS TTM
$0.58
Shares Outstanding
19.7M
EX-Date
09/12/14
P/E TM
13.6x
Dividend
$0.25
Dividend Yield
2.97%
Current Stock Chart for SALEM COMMUNICATIONS -CL A (SALM)

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salem communications -cl a (SALM) Details

Salem Communications Corporation operates as a multi-media company in the United States. It operates through Radio Broadcast, Internet, and Publishing segments. The company owns and operates radio stations in metropolitan markets; and operates radio networks, which produce and distribute programming, such as talk, news, and music programming to various radio stations in the United States, as well as sell commercial airtime to national advertisers on its radio stations and networks, and on independent radio station affiliates. It also operates Internet portals, such as Twitchy.com, OnePlace.com, Christianity.com, Crosswalk.com, BibleStudyTools.com, GodTube.com, Townhall.com, HotAir.com, WorshipHouseMedia.com, SermonSpice.com, GodVine.com, ChurchStaffing.com, and Jesus.org that offers Christian and conservative themed content, audio and video streaming, and other resources; radio station Websites; and Salem consumer products, a Website offering books, DVD’s, and editorial content. In addition, the company produces and distributes Christian and conservative opinion print magazines, including Homecoming, The Magazine, YouthWorker Journal, Singing News, FaithTalk Magazine, Preaching Magazine, and Townhall Magazine, as well as Xulon Press, a print-on-demand self-publishing service for Christian authors. It primarily serves not-for-profit charitable organizations and commercial advertisers. Salem Communications Corporation was founded in 1986 and is headquartered in Camarillo, California.

1,203 Employees
Last Reported Date: 03/3/14
Founded in 1986

salem communications -cl a (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 Radio Division
Total Annual Compensation: $444.2K
Compensation as of Fiscal Year 2013.

salem communications -cl a (SALM) Key Developments

Salem Communications Increases Quarterly Cash Distribution, Payable on September 30, 2014

Salem Communications Corporation announced that its Board of Directors has increased its quarterly cash distribution from $0.0600 per share to $0.0625 per share. The cash distribution will be paid on September 30, 2014 to all Class A and Class B common stockholders of record as of September 16, 2014.

Bible Gateway Renews Exclusive Sales Agreement with Salem Web Network

Salem Communications Corporation announced Bible Gateway has renewed its agreement with Salem Web Network (SWN) to serve as its exclusive sales agent for BibleGateway.com. The combination of BibleGateway.com with Salem Web Network's portfolio of Christian websites results in a combined reach of over 50 million unique visitors each month and provides a tremendous market platform for ministries and advertisers to reach the Christian audience.

Salem Communications Corporation Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment of Goodwill for the Second Quarter Ended June 30, 2014

Salem Communications Corporation reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. Total revenue increased 14.1% to $68.6 million from $60.1 million; operating income decreased 19.3% to $7.5 million from $9.3 million; net income decreased to $1.3 million, or $0.05 net income per diluted share, from $5.2 million, or $0.20 net income per diluted share, in the prior year; EBITDA decreased 6.3% to $12.2 million from $13.0 million; and adjusted EBITDA decreased 7.8% to $13.1 million from $14.2 million. Net operating income from continuing operations was $9.287 million against $7.491 million a year ago. Income from continuing operations before income taxes was $9.540 million against $2.090 million a year ago. Income from continuing operations was $5.205 million against $1.263 million a year ago. Capital expenditures were $2.889 million against $3.107 million a year ago. For the six months period, total revenue increased 13.1% to $131.0 million from $115.8 million; operating income decreased 19.2% to $12.8 million from $15.9 million; net income increased to $1.7 million, or $0.07 net income per diluted share, from a $13.4 million loss, or $0.54 net loss per share, in the prior year; EBITDA increased to $22.3 million from a loss of $4.3 million; and adjusted EBITDA decreased 6.2% to $23.9 from $25.4 million. Net operating income from continuing operations was $15.869 million against $12.822 million a year ago. Loss from continuing operations before income taxes was $17.724 million against income of $2.619 million a year ago. Loss from continuing operations was $13.377 million against income of $1.694 million a year ago. Capital expenditures were $5.232 million against $6.117 million a year ago. The company also announced impairment of goodwill of $438,000 for the second quarter ended June 30, 2014.

 

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Industry Analysis

SALM

Industry Average

Valuation SALM Industry Range
Price/Earnings 16.1x
Price/Sales 0.8x
Price/Book 1.0x
Price/Cash Flow 6.7x
TEV/Sales NM Not Meaningful
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