Last $7.73 USD
Change Today -0.06 / -0.77%
Volume 7.5K
SALM On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

salem communications -cl a (SALM) Snapshot

Open
$7.85
Previous Close
$7.79
Day High
$7.85
Day Low
$7.67
52 Week High
11/10/14 - $11.00
52 Week Low
08/8/14 - $5.04
Market Cap
195.3M
Average Volume 10 Days
35.8K
EPS TTM
$0.47
Shares Outstanding
19.7M
EX-Date
12/11/14
P/E TM
16.4x
Dividend
$0.26
Dividend Yield
3.17%
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 Corp. Announces Quarterly Cash Dividend, Payable on December 29, 2014

Salem Communications Corporation announced that its Board of Directors has increased its quarterly cash distribution from $0.0625 per share to $0.0650 per share. The cash distribution will be paid on December 29, 2014 to all Class A and Class B common stockholders of record as of December 15, 2014.

Salem Communications Corp. Announces Executive Changes

Salem Communications Corp. announced that it restructured its broadcast division and that network President Greg Anderson will retire at year-end. Effective Jan. 1, 2015, Salem is consolidating its radio and network divisions. Dave Santrella will move to president of broadcast media from president of the radio division, adding to his radio division responsibilities the oversight of the Salem Radio Network, SMR/VMR Rep Firm and a variety of digital assets. Allen Power and Linnae Young will take on new roles as senior vice presidents dividing up the oversight of other operational vice presidents, as well as departmental managers in ministry relations, digital and business formatted radio properties. Terry Fahy was promoted to an operational vice president role overseeing most of the company's stations west of Phoenix. Phil Boyce, current vice president and director of spoken word formats, was named senior vice president of Salem Radio Network and spoken word formats. Boyce will oversee all program and revenue aspects of Salem's news and news talk networks, including its five network talk hosts, the "Janet Mefford Show" and "SRN News." The company also promoted Mike Reed and Mike Miller to senior vice presidents, with Reed taking on additional responsibilities in the Dallas office's network operations and Miller expanding his role in the network's music space.

Salem Communications Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Revenue Guidance for the Fourth Quarter of 2014

Salem Communications Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s total net revenue was $69,603,000 against $58,476,000 a year ago. Net operating income from continuing operations was $8,847,000 against $8,974,000 a year ago. Income from continuing operations before income taxes was $6,310,000 against $4,175,000 a year ago. Income from continuing operations was $3,743,000 or $0.14 per basic and diluted share against $5,334,000 $0.21 per diluted share a year ago. Net income was $3,743,000 or $0.14 per basic and diluted share against $5,323,000 or $0.21 per diluted share a year ago. Capital expenditures were $1,793,000 against $2,560,000 a year ago. EBITDA was $14,072,000 against $12,735,000 a year ago. Adjusted EBITDA was $14,972,000 against $13,095,000 a year ago. Free cash flow improved by 30% to $9 million. For the nine months, the company’s total net revenue was $200,573,000 against $174,240,000 a year ago. Net operating income from continuing operations was $21,669,000 against $24,843,000 a year ago. Income from continuing operations before income taxes was $8,929,000 against loss from continuing operations before income taxes of $13,549,000 a year ago. Income from continuing operations was $5,437,000 or $0.21 per basic and diluted share against loss from continuing operations of $8,043,000 $0.32 per diluted share a year ago. Net income was $5,437,000 or $0.21 per basic and diluted share against net loss of $8,069,000 or $0.32 per diluted share a year ago. Capital expenditures were $7,910,000 against $7,792,000 a year ago. EBITDA was $36,399,000 against $8,429,000 a year ago. Adjusted EBITDA was $38,829,000 against $38,539,000 a year ago. For the fourth quarter of 2014, the company is projecting total revenue to increase 6% to 8% over fourth quarter 2013 total revenue of $62.7 million. Without the acquisition of Eagle, the company would be projecting revenue to be down 1% to up 1% and expenses to be down 1% to up 2%.

 

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Industry Analysis

SALM

Industry Average

Valuation SALM Industry Range
Price/Earnings 18.8x
Price/Sales 0.8x
Price/Book 1.0x
Price/Cash Flow 6.9x
TEV/Sales NM Not Meaningful
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