Salem gives preview of down quarter


Salem Communications won’t release its complete report until March 12th, but it gave Wall Street a heads up Wednesday that Q4 revenue will be down about 6.3% to $54.8 million. Operating expenses before gain or loss on disposal of assets and impairments are estimated to decrease 14.7% to $38.9 million. About that impairment – the write-down is expected to be approximately $53 million. And finally, the good news – adjusted EBITDA is estimated to increase 16.2% to $15.8 million from $13.6 million.