Industry News Bits WED 3-8-23

March 8, 2023March 17, 2023

Fundraisers this week .. KEEH/Spokane .. WCIC/Peoria .. Christian FM .. WAFJ/Augusta .. United Christian Broadcasters/UK .. WCVO/Columbus

Nielsen AQH Share for Persons 12+, Mon-Sun 6AM-Mid – Jan 23

WKDD HD2/Akron – 0.7
WJNI/Charleston – 2.0
WALC/Charleston – 1.2
WSPO/Charleston – 0.6
WSIV/Syracuse – 0.1

Christian Radio Ratings on HisAir.Net are sponsored by Dunham+Company. Go HERE for latest.

Centricity artist Lauren Daigle’s new single “Thank God I Do” debuted on radio today. Stations all across the U.S. played the song for the first time at 7:31am. “Thank God I Do” is going for immediate adds at radio now. This is Daigle’s first new song in five years.

“Who wore it better?”- WFSH/Atlanta (104.7 The Fish) morning hosts Kevin and Taylor (pictured below) REALLY got into the debut of Lauren Daigle’s new single today.

Salem Media Group, Inc. released its results for the three and twelve months ended December 31, 2022.

For the quarter ended December 31, 2022 compared to the quarter ended December 31, 2021:

Consolidated

Total revenue decreased 0.5% to $68.8 million from $69.1 million;
Total operating expenses increased 38.0% to $67.2 million from $48.7 million;
Operating expenses, excluding stock-based compensation expense, debt modification costs, gains and losses on the sale or disposition of assets, legal settlement, impairments, depreciation expense and amortization expense (1) increased 5.7% to $61.6 million from $58.3 million;
Operating income decreased 92.0% to $1.6 million from $20.5 million;
The company had a net loss of $2.2 million, or $0.08 net loss per share compared to net income of $16.8 million, or $0.61 net income per diluted share;
EBITDA (1) decreased 78.5% to $4.9 million from $22.7 million; and
Adjusted EBITDA (1) decreased 33.0% to $7.3 million from $10.8 million.

Broadcast

Net broadcast revenue increased 4.5% to $53.3 million from $51.0 million;
Station Operating Income (“SOI”) (1) decreased 17.4% to $10.1 million from $12.3 million;
Same Station (1) net broadcast revenue increased 4.5% to $53.3 million from $51.0 million; and
Same Station SOI (1) decreased 15.7% to $10.3 million from $12.2 million.

Coming up on the next edition of the Gospel Greats featured artist will be Endless Highway with music from the BRAND NEW ALBUM “This Is The Moment”.

HisAir is sorry to report the passing of former WFMV/Columbia, SC midday personality, Jackie Dixon.

Milestones:
Joseph Kebbie 2 years at Your Network of Praise (YNOP) Africa
Olivia Yetman 2 years at Killer Bee Marketing
Chris Hauser celebrates 25 years doing Indie promotion
Keith Maddox 4 years at WKJD/Columbus, IN

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