March 23, 2012 at 14:19 PM EDT
TEXT-S&P revises Salem Communications outlook to positive
March 23 - Overview -- Credit metrics for U.S. radio broadcaster Salem Communications Corp. have improved due to modest EBITDA growth and debt reduction, which we expect to continue in 2012. -- We are revising our outlook on Salem Communications to positive from stable, and affirming our 'B' corporate credit rating. -- The positive rating outlook reflects the potential for an upgrade during the next 12 months if we become convinced that the company can continue its s
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