Key Developments: Salem Communications Corp (SALM.OQ)
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Latest Key Developments (Source: Significant Developments)
Salem Communications Corp Declares Second Quarter 2013 Cash Distribution
Salem Communications Corp announced that Board of Directors has declared a cash distribution for the second quarter of 2013 in the amount of $0.05 per share of its Class A and Class B common stock. The cash distribution will be paid on June 28, 2013 to all common stockholders of record as of June 14, 2013. Full Article
Salem Communications Corp Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates
Salem Communications Corp announced that for the second quarter of 2013, it expects total revenue to increase 2% to 4% over second quarter 2012 total revenue of $57.6 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $59.1 million for the second quarter of 2013. Full Article
Salem Communications Corp Increases Quarterly Cash Distribution By 43%
Salem Communications Corp announced that Board of Directors has increased quarterly cash distribution from $0.035 per share to $0.05 per share. The cash distribution will be paid on April 1, 2013 to all Class A and Class B common stockholders of record as of March 25, 2013. Full Article
Salem Communications Corp Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
Salem Communications Corp announced that for the first quarter of 2013, it is projecting total revenue to increase 1% to 3% over first quarter 2012 total revenue of $54.3 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $56.21 million for the first quarter of 2013. Full Article
Salem Communications Corp Declares Fourth Quarter 2012 Dividend
Salem Communications Corp announced that its Board of Directors has declared a dividend for the fourth quarter of 2012 in the amount of $0.035 per share of its Class A and Class B common stock. The cash dividend will be paid on December 28, 2012 to all common stockholders of record as of December 14, 2012. Full Article
Salem Communications Corp Issues Q4 2012 Revenue Guidance In Line With Analysts' Estimates
Salem Communications Corp announced that for the fourth quarter of 2012, it is projecting total revenue to increase 3% to 5% over fourth quarter 2011 total revenue of $57.1 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $59.5 million for fourth quarter of 2012. Full Article
Salem Communications Corp Declares Third Quarter 2012 Dividend
Salem Communications Corp announced that its board of directors has declared a dividend for the third quarter of 2012 in the amount of $0.035 per share of its Class A and Class B common stock. The cash dividend will be paid on September 28, 2012 to all common stockholders of record as of September 14, 2012. Full Article
Salem Communications Corp's Salem Church Products Acquires SermonSpice.com
Salem Church Products, a division of Salem Communications Corp announced that it has acquired SermonSpice.com, an online provider of church media for local churches and ministries. SermonSpice, which began in 2004 as the original distribution site for worship videos and sermon illustrations, has relationships with over 2,000 Christian filmmakers, providing thousands of sermon illustrations, worship backgrounds, and church countdowns to churches looking for professionally produced worship media. This library of video content will allow Salem to expand its reach in the church media market. The addition of SermonSpice will complement Salem's network of pastoral resource websites, including SermonSearch.com, ChurchStaffing.com, WorshipHouseMedia.com, WorshipHouseKids.com, and ChristianJobs.com, enhancing a portfolio of local church and pastor resources including children's ministry media, sermon preparation tools, church staff resources, and Christian employment tools. Terms of the transaction were not disclosed. Full Article
Salem Communications Corp. Issues Q3 2012 Revenue Guidance Below Analysts' Estimates
Salem Communications Corp. announced that for third quarter of 2012, it expects total revenue to increase 3% to 5% over third quarter of 2011 total revenue of $54.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $58.3 million for third quarter of 2012. Full Article
Salem Communications Corp. Declares Second Quarter 2012 Dividend
Salem Communications Corp. announced that its Board of Directors has declared a dividend for the second quarter of 2012 in the amount of $0.035 per share of its Class A and Class B common stock. The cash dividend will be paid on June 29, 2012 to all common stockholders of record as of June 15, 2012. Full Article

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