SALEM CORP <SBS> 4TH QTR LOSS Shr loss 1.82 dlrs vs loss 16 cts Net loss 2,285,000 vs loss 264,000 Revs 23.0 mln vs 14.6 mln Year Shr loss 1.59 dlrs vs profit seven cts Net loss 2,467,000 vs profit 112,000 Revs 77.3 mln vs 75.8 mln NOTE: Includes loss of 1.1 mln dlrs or 70 cts/shr from asset writedowns and cost reductions.