Salem Media Group, Inc. (NASDAQ:SALM) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET

Company Participants

Evan Masyr - CFO

David Santrella - CEO

David Evans - COO

Conference Call Participants

Michael Kupinski - NOBLE Capital Markets

Derrick Wenger - Concise Capital

Edward Reilly - EF Hutton

Operator

Ladies and gentlemen, good afternoon. My name is Abby, and I will be your conference operator today. I would like to welcome everyone to the Salem Media Group, Inc. Third Quarter 202 Earnings Call. Today's call is being recorded. [Operator Instructions] Thank you. And I will now turn the conference over to Evan Masyr, Chief Financial Officer. You may begin.

Evan Masyr

Thank you, Abby, and thank you all for joining us today for Salem Media Group's Third 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 is David Evans, Chief Operating Officer; David Santrella, Chief Executive Officer, is traveling this week but is also on the phone as well. We will begin in just a moment with our prepared remarks, and 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.

And 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 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.

David Santrella

Thanks, Evan, and thanks, everybody, for joining us on the call today. Today, we'll review Salem's third quarter financial results and provide a brief M&A update. I'll turn the call back to Evan to provide more details on third quarter financial performance and give guidance for the last quarter of the year.