Salem Media Group, Inc. (NASDAQ:SALM) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET

Company Participants

Evan Masyr – Chief Financial Officer

David Santrella – Chief Executive Officer

Conference Call Participants

Michael Kupinski – NOBLE Capital Markets

Edward Riley – EF Hutton

Operator

Good day, and welcome to the Salem Media Group, Incorporated Second Quarter 2022 Conference Call. Please note today’s conference is being recorded. [Operator Instructions]

Thank you. At this time, I’d like to turn the conference over to Evan Masyr, Chief Financial Officer.

Evan Masyr

Welcome and thank you all for joining us today for Salem Media Group’s second 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 Santrella, Chief Executive Officer; David Evans, Chief Operating Officer, is traveling this week but is on the phone as well.

We will begin in just a moment with our prepared remarks. And once we are done, the conference operator will come back on the phone 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 financial measures is available on the Investor Relations portion of the company’s website at salemmedia.com.

With that, I would now like to turn the call over to David Santrella. Dave?

David Santrella

Thanks, Evan, and thanks to all for joining today’s call. Today, we’ll discuss Salem’s second quarter financial results focusing on the continued growth in digital. We’ll provide a brief M&A update, talk about the success of the film 2000 Mules, and conclude with a few comments on Salem’s leverage and future dividend policy.