If there ever was a time to produce a sterling quarterly earnings report, Q4 2018 would be the most opportune. Many media companies had a big final three months of the year, thanks to political advertising and a resurgence of core advertising.
Salem Media Group failed to deliver, with rather disappointing results. What’s worse, the Q1 2019 outlook is grim, too. With Salem’s stock again wither, with investors bailing on the company? Or, will potential asset sales help foster a resurgence?