Last $8.66 USD
Change Today -0.26 / -2.91%
Volume 6.1K
SALM On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 12:08 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

salem communications -cl a (SALM) Snapshot

Open
$8.93
Previous Close
$8.92
Day High
$8.93
Day Low
$8.66
52 Week High
03/19/14 - $10.34
52 Week Low
06/24/13 - $7.00
Market Cap
215.8M
Average Volume 10 Days
23.1K
EPS TTM
$0.51
Shares Outstanding
19.6M
EX-Date
03/13/14
P/E TM
16.8x
Dividend
$0.23
Dividend Yield
2.48%
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

Frank Wright Not to Stand for Re-Election as Director of Salem Communications Corporation

On March 5, 2014, Frank Wright, a current member of the board of directors and President and Chief Operating Officer of Salem Communications Corporation, notified the company that he will not stand for re-election as a director of the company at its upcoming annual meeting of stockholders tentatively scheduled for May 2014. It is anticipated that Mr. Wright will continue to serve as a director until his current term expires effective upon the election of directors at the Annual Meeting.

Salem Communications Corp. Announces Increased Quarterly Cash Distribution Payable on March 31, 2014

Salem Communications Corporation announced that its Board of Directors has increased its quarterly cash distribution from $0.0550 per share to $0.0575 per share. The cash distribution will be paid on March 31, 2014 to all Class A and Class B common stockholders of record as of March 17, 2014.

Salem Communications Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2013

Salem Communications Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2013. For the quarter, the company reported total revenue of $60,550,000, operating income from continuing operations of $10,219,000, income from continuing operations before income taxes of $3,931,000, income from continuing operations of $2,010,000 or $0.08 per basic and diluted share, net income of $2,009,000 or $0.08 per basic and diluted share, capital expenditures of $2,142,000, adjusted EBITDA of $15,246,000 compared to the total revenue of $62,694,000, operating income from continuing operations of $9,690,000, income from continuing operations before income taxes of $6,658,000, income from continuing operations of $5,344,000 or $0.21 per basic and diluted share, net income of $5,333,000 or $0.21 per basic and diluted share, capital expenditures of $2,847,000, adjusted EBITDA of $14,303,000 for the same quarter a year ago. For the year, the company reported total revenue of $229,179,000, operating income from continuing operations of $30,490,000, income from continuing operations before income taxes of $4,676,000, income from continuing operations of $4,523,000 or $0.18 per basic and diluted share, net income of $4,428,000 or $0.18 per basic and diluted share, capital expenditures of $8,549,000, adjusted EBITDA of $53,529,000 compared to the total revenue of $236,934,000, operating income from continuing operations of $34,533,000, loss from continuing operations before income taxes of $6,891,000, loss from continuing operations of $2,699,000 or $0.11 per basic and diluted share, net loss of $2,736,000 or $0.11 per basic and diluted share, capital expenditures of $10,639,000, adjusted EBITDA of $52,842,000 for the previous year.

 

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Industry Analysis

SALM

Industry Average

Valuation SALM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.1x
Price/Cash Flow 17.9x
TEV/Sales NM Not Meaningful
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