Another sign the radio industry is climbing out of the revenue nightmare brought on by the COVID pandemic. Salem Media Group reported strong 4th quarter and full-year revenue results for 2021.
Salem Media Group reported a total revenue increase in Q4 2021 of d 7.2%, from $64.5 million to $69.1. Same Station net broadcast revenue increased 5.7% from 47.8 million to $50.6 million. And, digital revenue increased 2.9% from $11.2 million to $11.6 million.
Taking a look at the full year of 2021 Salem’s total revenue increased 9.3% from $236.2 million to $258.2 million with same station broadcast revenue increasing 7.5% from $176.8 million to $190.0. Digital revenue was also up for the year, increasing 6.5% from $39.6 million to $42.2.
The company also announced it’s in the process of selling nine acres of land in Denver for $8.2 million. The company expects to close this sale early in 2022 and plans to continue broadcasting both KRKS-AM and KBJD-AM from this site.
