Salem Media Group is the latest broadcast radio station ownership group to share its second quarter 2022 fiscal results, and like Townsquare Media and Beasley Media Group, the company has taken an impairment charge.
That non-cash decision, however, did little to slow down the company dedicated to serving consumers with Christian-themed and conservative talk radio programming. Net broadcast revenue grew, while net income surged.
The third quarter guidance is also growth-focused.
