CAMARILLO, Calif. (AP) _ Salem Communications Corp. (SALM) on Thursday reported a loss of $3.6 million in its second quarter.
The Camarillo, California-based company said it had a loss of 14 cents per share. Losses, adjusted for non-recurring costs, were 12 cents per share.
The multimedia company posted revenue of $64.7 million in the period.
For the current quarter ending in October, Salem Communications said it expects revenue in the range of $65.5 million.
In the final minutes of trading on Thursday, the company's shares hit $2.09. A year ago, they were trading at $5.10.