Key Points
- Salem Media Group reported revenue of $212.7 million in 2025, down 10.5 percent from the prior year, largely due to asset sales.
- The company posted a net loss of $34.6 million, compared with net income of $16.2 million in 2024.
- Higher impairment charges and continued pressure on broadcast advertising weighed on the broadcaster’s overall financial results.
Salem Media Group reported a decline in revenue and swung to a net loss in 2025, as the company cited asset sales, higher impairment charges and continued pressure on broadcast advertising as key factors affecting its financial results.
In its annual financial report released on Wednesday, Salem Media generated total net revenue of $212.7 million for the year ended December 31, down from $237.6 million in 2024. The $24.9 million decline represents a decrease of 10.5 percent year over year.
Company executives said most of the drop was tied to divestitures completed during the year. In its management discussion, Salem Media said roughly $24.0 million of the decline reflected the impact of asset sales. Excluding those transactions, revenue fell by about $0.9 million, or approximately 0.4 percent.
Despite lower operating expenses, the company posted a net loss of $34.6 million in 2025, compared with net income of $16.2 million in the prior year. The swing represents a year-over-year change of 313.9 percent.
Selling, general and administrative expenses declined to $201.2 million in 2025, down from $213.4 million in 2024, a decrease of 5.7 percent. The reduction reflects cost controls and the financial impact of the company’s asset sales.
But higher impairment charges tied to long-term assets weighed on its overall financials for 2025, Salem Media executives affirmed on Wednesday. The broadcaster reported $25.2 million in impairment charges related to indefinite-lived assets, compared with $4.4 million in 2024.
Salem Media also benefited from a sharp reduction in interest expense following debt-related changes. Interest expense totaled $1.5 million in 2025, compared with $14.9 million in 2024, a decline of 89.9 percent.
During the year, Salem Media recorded a $7.1 million gain from the disposition of certain assets. That total included an $11.1 million pre-tax gain tied to the sale of seven Christian contemporary music radio stations, which helped offset other financial charges.
Salem Media operates a portfolio of Christian and conservative talk radio stations across the United States, along with digital media properties and publishing operations.
Last year, Salem Media announced a number of business deals with family members of President Donald Trump, including the acquisition of a 30 percent stake in Donanld Trump, Jr.’s MxM News aggregation app and a long-term agreement with Lara Trump to distribute her podcast and develop other media-related initiatives.
