Q4 2019 Earnings Call
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greetings and welcome to the Salem Media Group fourth quarter 2019 earnings call at this time. All participants are in a listen-only mode a question-and-answer session will follow the formal representation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad, please note this conference is being recorded.
I will now turn the conference over to our host and Executive Vice President and Chief Financial Officer. Thank you. You may begin.
Thank you. And thank you all for joining us today for sailing media group's fourth quarter 2019 earnings call as a reminder. If you get disconnected at anytime, you can dial back in or listen from our website. Www.salem.com with me in the room. Today is Edward asking or chief executive officer both David Centrella president of broadcast media and David a birthday present of interactive and Publishing our remote but on the call as well, we'll begin in just a moment with our prepared remarks. Once we are done the conference call operator will come back on the line to instruct you and 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.
M&a activity and will conclude with a brief comment on our quarterly cash distribution and then give a call back to Heaven who will provide more detailed information on fourth-quarter performance and provide guidance for the first quarter 2020.
Was the continued expansion of our local digital businesses, which was up 57% to four point seven billion dollars clearly driven by our investment in sales around which he commented on home of the last quarterly reports. This growth has been consistent throughout the year and doesn't appear to be slowing down for the entire year local digital Revenue increase 57.4%
The fourth quarter 2019 Revenue declined 3.8% expenses were down 2.2% resulting in adjusted ebitda decline of 11.6% Let's look up at the numbers by division to get a better understanding of the specific performances.
additionally our national business which includes Network and National spot Revenue increase 6.8% on the same station basis due to the continued productivity and strength of our national syndicated lineup off and recently completed recently completed listener trip to Israel.
For the quarter broadcast Revenue declined 1.2% or $600,000 considering the fact that we disposed of 16 radio stations in 2019. It makes sense to look at the revenue on the same station basis, excluding the impact of recently sold stations broadcast. Revenue was up 1.2% And that's before taking into account political Revenue, which was one point five million dollars in the fourth quarter of 2018 as compared to only
Local spot Revenue was down 8.8.