Decline for Salem


Even Religious specialist Salem Communications saw revenues decline in Q1. Total revenues were off 1.3% to $54.5 million and adjusted EBITDA dropped 11.8% to $11.5 million. Net broadcasting revenues were down 3.2% to $48.4 million and station operating income decreased 9.1% to $16.2 million. On a same station basis, revenues were down 3.9% and SOI 7.6%. Non-broadcast revenue rose 16% to $6.1 million.