Salem confirms Q3 guidance


Salem Communications Corporation has confirmed the Q3 guidance it issued last month. That calls for total revenue to increase 4% to 6% over Q3 2010 total revenue of $51.4 million.

Salem is also projecting operating expenses before gain or loss on disposal of assets, terminated transaction costs and abandoned license upgrades and impairments to increase 3% to 6% as compared to Q3 2010 operating expenses of $43.2 million.

The update was issued because Salem will be presenting October 6th at the Imperial Capital Global Opportunities Conference, Andx while they’re in the Big Apple, Salem execs have been invited to ring the closing bell that day at the Nasdaq Marketsite.