Salem Media Q2: Loss Shrinks As WaterStone Sale Nears Close
Salem Media filed results for the quarter ended June 30 and said it may be its last as a public company, after shareholders approved its sale to WaterStone at $1.00 per share. Salem expects an August close pending regulatory clearance. Q2 net revenue fell 15.2% to $45.9M and net loss narrowed to $3.4M. Cash ended at $131K.
