Industry News

Salem Media Group Reveals 2024 Financial Results

Salem Media Group reports total net revenue of $237.5 million for the full year of 2024, a decline of 8.1% from 2023. But Salem made a number of changes in its business in 2024, including the sale of its Christianimg music stations and it Christian contemporary format. It sold a number of other assets during the year. While its broadcasting net revenue was $185.9 million, a decline of 6% from 2023, its digital net revenue was $45 million, an increase of 7.2%. Salem was also able to report net income of $16.2 million for 2024, compared to the net loss of $43.3 million it reported for 2023.