Tag: Radio Business

“When Stuart Epperson and I founded Salem more than 50 years ago, we could not have imagined the reach and impact it would have today."

This isn't a fair fight, and it never really has been. Broadcast radio and television didn't just bring a spoon to a knife fight here. It brought a feather duster to a bazooka battle.

Why has there been a lack of innovation in radio over the past decade? It's because even a short-term drop in ratings and revenue is considered a moment to panic. What are Bob and Mary to do? They are prisoners of their companies' covenants.

"It was an incredibly proud moment, but also a very bittersweet one."

"Of all the accomplishments along the way, I’m most proud of the people and relationships. I’ve always believed that leadership is ultimately about people."

"This promotion is a recognition of everything she has already built and a reflection of our confidence in where she will take Mediabase next."

"With our plan of reorganization confirmed by the court and the FCC approval process well underway, we are positioned to emerge from Chapter 11 with a stronger balance sheet to capitalize on future market opportunities."

"Technology is cool. But being a human is so much cooler. People feel connection. We all understand the financial impacts of AI, but the legal aspects are starting to catch up."

It is unknown if this is Salem's final earnings report as a public company.

Operating expenses increased 5.4% during the quarter.