They were supposed to arrive November 6, but were postponed at the last minute “to accommodate the additional time required by the company and its independent auditors to finalize the analysis of valuation allowances for deferred taxes.”
At 3pm Tuesday (11/12), Salem Media Group‘s third quarter fiscal report card arrived — with a thud.
Net broadcast revenue and digital media revenue each declined year-over-year. Broadcast operating expenses inched upward. Operating income swung to a loss.