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Conservative Broadcast Media & Journalism Inc (OTC PINK: CBMJ) is a leading media and web-based Patriot Company that owns Patriot.TV, a cutting-edge broadcast platform dedicated to truth, freedom, and empowering narratives. The company recently reported significant improvements in its finances, including a 409% revenue gain in Q-1 of 2024. Patriot.TV, launched in 2023, has rapidly grown and continues to add top-notch hosts and shows to its lineup, becoming a pivotal force in shaping the future of media consumption.
Conservative Broadcast Media & Journalism (CBMJ) announced the launch of a 24-hour shopping channel through its subsidiary Patriot.TV, accessible on all Samsung smart TVs in the US. The channel, based on the show 'Supporting Patriots', will exclusively showcase American-made products available for direct purchase through Samsung TVs or the Patriot.TV store. The initiative targets 30 million Samsung Smart TVs registered in the US, with over half a million new activations monthly. The platform aims to connect consumers with domestic products and expand Patriot.TV's reach.
Conservative Broadcast Media & Journalism (CBMJ) has announced an exclusive sponsorship agreement between its subsidiary Patriot.TV and Beverly Hills Precious Metals. The deal makes Beverly Hills Precious Metals the sole precious metals sponsor for the network. Former US National Security Advisor General Michael Flynn, a CBMJ board member, initiated and endorsed the transaction.
CEO Mark Schaftlein expressed pride in the partnership, highlighting Beverly Hills Precious Metals' 30-year history of delivering gold and silver products. General Flynn, who has been associated with Beverly Hills Precious Metals for two years, praised the collaboration as providing an alternative to dollar-denominated investments during turbulent times.
The partnership aims to bring added value to Patriot.TV's conservative, Christian-based audience. CBMJ generates revenue through show sponsorships, membership in its Patriot Defenders Program, affiliate sales, and precious metals sales. The company plans to feature Beverly Hills Precious Metals in live events and regular appearances on Patriot.TV streaming shows.
Conservative Broadcast Media & Journalism (CBMJ) reported impressive Q2 2024 financial results, showcasing significant growth. Key highlights include:
- 532% year-over-year revenue increase to $486K for Q2 2024
- 469% revenue growth to $852K for the first half of 2024
- 8.5% reduction in share count to 49.3M shares
- 69% increase in total current assets since December 31, 2023
- 3.8% decrease in total current liabilities
- 6% rise in stockholders' equity
CBMJ generates revenue through show sponsorships, Patriot Defenders Program memberships, affiliate sales, and precious metals sales. The company operates Patriot.TV and PatriotTV.store. CBMJ has completed PCAOB certified audits, meeting requirements for potential uplisting to senior exchanges.
Conservative Broadcast Media & Journalism (PINK:CBMJ) has completed PCAOB certified audits of its most recent two years of financials. This achievement is a significant step towards uplisting to senior exchanges, as the audits meet the necessary requirements. CEO Mark Schaftlein emphasized that providing audited financials enhances transparency and investor confidence.
The company's compliance and accounting departments have been praised for their performance in meeting and exceeding the standards required for the third-party audit. CBMJ is now positioned to provide additional updates and milestones following this critical step in its growth strategy.
CBMJ announced a significant improvement in its financial position during Q1 2024. The company reported a revenue increase of 409%, reaching $384K compared to $94K in Q1 2023, with an operating margin of 50%. CBMJ also reduced its liabilities by 14% and upgraded its technology and production capabilities. The flagship streaming service, Patriot.TV, contributed to these gains. Despite the positive developments, the company posted a mild loss per share of ($0.03), mainly due to non-cash expenses like stock-based compensation. As of May 16, 2024, Brannon Howse parted ways with Patriot.TV. The company announced new leadership, with Marc Garabedian as COO and Anni Cyrus overseeing content production. CEO Mark Schaftlein expressed optimism about future growth.
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