Salem Media Group noted that its decline was primarily driven by a drop in the broadcast segment. That sector saw a decline of 13.6%, down to $39.8 million.
“While our technology and the media landscape have transformed significantly, our commitment to innovation and customer success has remained constant.”
It’s been 15 years since the PPM rollout was completed to the 48 metros which caused even more twists and turns with respect to the rules, none of which make a PD’s job easier.
The purchase of an additional station for Red Apple Media comes after owner John Catsimatidis has continually asserted that the company had deals in place to expand its holdings in the radio industry.
"I've been trying to make an acquisition for quite a while -- that's not a secret -- because we think that what we do is successful and vital to our communities."
Station operating expenses declined 2.2% to $22.0 million, reflecting the company’s ongoing efforts to manage costs in a soft local advertising market.