| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Salem Communications Corporation |
| 4880 Santa Rosa Road, Suite 300, Camarillo, CA 93012 * (805) 987-0400 |
| Business Description | The company is the largest U.S. radio broadcasting company providing programming targeted at audiences interested in religious and family issues. |
| Offering Information Company has | |||
| Trading As | SALM (NASNTL) | Industry | Telecommunications (SIC 4832) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 04/20/1999 |
| Domestic Shares Offered | 8,400,000 | Offer Date | 06/30/1999 |
| Foreign Shares Offered | 0 | Filing Range | $19.00 - $21.00 |
| Company Shares | 8,400,000 | Offer Price | $22.50 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.430 |
| Gross Proceeds | $189,000,000 | Selling | $0.820 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 22,736,088 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Deutsch Banc Alex. Brown | Lead Manager | (410) 727-1700 |
| ING Baring Furman Selz | Co-manager | (212) 309-8200 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1994 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||
| Revenues | 38.575 | 48.168 | 59.010 | 67.912 | 77.891 | - | - |
| Income from Oper. | 4.494 | 6.901 | 10.452 | 7.493 | 13.912 | - | - |
| Net Income | 0.686 | 0.122 | 12.753 | -2.378 | -1.581 | - | - |
| E.P.S | 2.800 | 2.110 | 52.400 | -4.870 | -6.450 | - | - |
| Revenue Growth (%) | 24.87 | 22.51 | 15.09 | 14.694 | - | ||
| Net Income Growth (%) | -82.22 | 10,353.28 | - | - | - | ||
| Oper. Profit Margin (%) | 11.65 | 14.33 | 17.71 | 11.03 | 17.86 | - | - |
| Net Profit Margin (%) | 1.78 | 0.25 | 21.61 | - | - | - | - |
| Cash Flow - Oper. | 11.02 | - | - | ||||
| Cash Flow - Inv. | -31.76 | - | - | ||||
| Cash Flow - Fin. | 21.02 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 207.75 | Current Assets | 19.37 | Current Ratio | 2.47 |
| Total Liab. | 198.65 | Current Liab. | 7.84 | Debt Ratio | 95.62% |
| Total Equity | 9.10 | Working Cap. | 11.54 | Debt to Equity Ratio | 21.83 |
| Cash | 1.92 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for repayment of indebtedness, and general corporate purposes including acquisitions and working capital requirements. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gibson, Dunn & Crutcher |
| Bank's Law Firm | Debevoise & Plimpton |
| Registrar/Transfer Agent | Bank of New York |
| Auditor | Ernst & Young |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |