Salem Communications5/14/2000 08:00:00 PM Eastern
Losses at Salem Communications grew in the first quarter, from $1.3 million in 1999, to $1.7 million this year, the religious broadcaster said last Tuesday.
Broadcast revenue grew 10.8%, to $22.6 million, while BCF rose 10%, to $9.9 million.
However, earnings were hurt by losses at the company's other media businesses, which include Christian music magazines and e-commerce and Internet search engines for the Christian products industry. Camarillo, Calif.-based Salem owns or operates 70 radio stations.