Salem Media Group, Inc. (NASDAQ:SALM) Q4 2022 Earnings Conference Call March 8, 2023 5:00 PM ET

Company Participants

Evan Masyr - EVP & CFO

David Santrella - CEO

David Evans - COO

Conference Call Participants

Michael Kupinski - NOBLE Capital Markets

Edward Reily - EF Hutton

David Marsh - Singular Research

Operator

Good afternoon, ladies and gentlemen. Welcome to the Salem Media Group Q4 2022 Earnings Conference Call. [Operator Instructions].

And now at this time, I'll turn things over to Mr. Evan Masyr, Executive Vice President and Chief Financial Officer. Please go ahead, sir.

Evan Masyr

Thank you, and thank you all for joining us for Salem Media Group's Fourth Quarter 2022 Earnings Call. As a reminder, if you get disconnected at any time, you can dial back in or listen from our website at www.salemmedia.com.

In the room with me today are David Santrella, Chief Executive Officer; and David Evans, Chief Operating Officer. We will begin in just a moment with our prepared remarks. Once we are done, the conference call operator will come back on the line to instruct you on how to submit questions.

Please be advised that statements made on this call that relate to future plans, events, financial results, prospects or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available information. Actual results may differ materially from those anticipated, and reported results should not be considered an indication of future performance. We do not intend and undertake no obligation to update our forward-looking statements, including forecasts of future performance, the potential for growth of existing markets, the opening of new markets or the potential growth from future acquisitions.

This conference call also contains non-GAAP financial measures within the meaning of Regulation G, specifically station operating income, or SOI, EBITDA and adjusted EBITDA. In conformity with Regulation G, information required to accompany the disclosure of non-GAAP information -- financial measures is available on the Investor Relations portion of the company's website at salemmedia.com.

And with that, I will now turn the call over to Dave Santrella. Dave?

David Santrella

Thanks, Evan, and thanks all for being a part of the call today. Today, we'll review Salem's fourth quarter results, discuss some new developments with respect to our debt and provide a brief M&A update. I'll then turn the call back to Evan to provide more details on fourth quarter financial performance and to give guidance for the first quarter of 2023.