Welcome to our dedicated page for SALEM MEDIA GROUP A news (Ticker: SALM), a resource for investors and traders seeking the latest updates and insights on SALEM MEDIA GROUP A stock.
Salem Media Group Inc. (SALM) is a leading multi-media company primarily focused on Christian and family-themed content. Headquartered in Camarillo, California, Salem Media Group is a prominent player in the American media landscape, offering a diverse array of platforms to engage its audience.
Core Business: The company operates in three primary segments: broadcasting, digital media, and publishing.
- Broadcasting: Salem owns and operates 112 radio stations, with 67 of these stations located in the nation’s top 25 markets and 30 in the top 10. Salem Radio Network, a subsidiary, syndicates talk, news, and music programming to approximately 2,600 affiliates.
- Digital Media: Salem Web Network is a leading provider of Christian content on the internet, offering online streaming and a rich portfolio of digital marketing opportunities. This segment focuses on engaging a wide audience through its multiple digital platforms.
- Publishing: Through Salem Publishing, the company publishes Christian-themed magazines and books, providing inspirational content to its readers.
Recent Achievements: Salem Media Group has consistently aimed to expand its reach and influence. The company has invested in digital transformation, ensuring its content is readily available across various digital platforms. This strategy has helped Salem maintain its relevance in a rapidly evolving media landscape.
Current Projects: Salem continues to innovate in both its broadcast and digital segments. Recent projects include the expansion of its podcast offerings and the enhancement of its digital streaming services. These initiatives are designed to cater to the growing demand for on-the-go and easily accessible content.
Financial Condition: Salem Media Group remains committed to maintaining a robust financial structure. The company focuses on strategic investments and partnerships to ensure sustainable growth. Despite the challenges posed by the media sector, Salem demonstrates resilience through its diversified business model.
Partnerships and Collaborations: The company collaborates with a variety of affiliates and partners to enhance content delivery and audience reach. These partnerships are integral to Salem's strategy to remain at the forefront of Christian and conservative media.
By leveraging its extensive network and diverse media properties, Salem Media Group aims to provide high-quality, value-driven content to its audience.
Salem Media Group (NASDAQ: SALM) announced key leadership changes in its Broadcast Media division, effective early 2023. Allen Power has been appointed President of Broadcast Media, recognized for his operational expertise and years of collaboration with CEO David Santrella. Linnae Young has been promoted to Executive Vice President of Operations and Revenue Development, while Jeff Reisman advances to Senior Vice President of Operations overseeing eastern radio markets. These promotions highlight Salem's commitment to internal talent development.
Salem Media Group, Inc. (NASDAQ: SALM) revised its third quarter 2022 revenue forecast, now expecting total revenue to be flat or increase by up to 2% compared to the previous year's $66.0 million. The revision is due to the postponed release of the book 2000 Mules by Dinesh D’Souza, lower-than-anticipated revenue on SalemNOW, and a decline in advertising revenue amid a weakening economic environment.
Salem Media Group (NASDAQ: SALM) is launching the Battleground Talkers Tour 2022 to engage voters ahead of the November 2022 national midterm elections. The tour will cover five battleground states over eight days, featuring prominent conservative hosts like Dennis Prager and Charlie Kirk. Events will occur in cities including Tampa, Orlando, and Phoenix, inviting thousands of listeners to participate in person. This initiative aims to motivate voters to make informed decisions, showcasing Salem's commitment to voter engagement.
Salem Media Group (NASDAQ: SALM) has appointed Tara Loring as Eastern Regional Digital Sales Director, effective September 12. Loring brings significant experience from Hubbard Broadcasting, where she was General Sales Manager and Director of Digital Media. In her new role, she aims to lead a team focused on enhancing growth for Salem Surround and its advertisers. Salem Media Group specializes in Christian and conservative content across various media platforms, serving millions of dedicated listeners and readers nationwide.
Salem Media Group (NASDAQ: SALM) has announced that Deborah Flora will return to host a new weekday program on 710 KNUS from 3 PM to 4 PM starting September 6th. A former weekend host and Colorado GOP Senate candidate, Flora has a background as President of Parents United America and is involved in media production. Operations Manager Kelly Michaels expressed confidence in Flora's abilities to engage Colorado listeners and address local issues. Salem Media Group specializes in Christian and conservative multimedia content, serving millions of audiences daily.
Salem Media Group, Inc. (NASDAQ: SALM) has announced the transition of former weekday host Peter Boyles to a new weekly Saturday program from 9 am to 12 pm, starting September 10th. This change also shifts Randy Corporon's call-in show to Saturdays from 5 pm to 8 pm. Boyles, a notable figure in Denver radio since the 1970s, is expected to attract audiences with his unique commentary. Salem Media Group specializes in Christian and conservative content across various platforms, serving millions of listeners and readers daily.
Salem Media Group (NASDAQ: SALM) has appointed George Brauchler as the new weekday morning host for its Denver, Colorado radio station, 710 KNUS, succeeding the long-standing Peter Boyles. Operations Manager Kelly Michaels praised Brauchler's growth and communication skills, highlighting his popularity with listeners. Brauchler, formerly the District Attorney for Colorado's 18th Judicial District, brings a wealth of experience including military service and media appearances. 710 KNUS continues to lead with local talk programming in the Denver market.
Salem Media Group (NASDAQ: SALM) has announced the launch of the Sekulow Brothers Podcast featuring Jordan and Logan Sekulow, set to debut on September 12, 2022. The podcast aims to provide insightful commentary on diverse topics from the unique perspectives of the Sekulow brothers, airing three episodes weekly. Salem's podcast network, which started in January 2021, has gained remarkable traction, ranking 11th among podcast networks with over 17 million monthly downloads. Phil Boyce, a senior executive at Salem, expressed enthusiasm for the podcast's potential impact.
Salem Media Group (NASDAQ: SALM) has appointed Jon Latzer as Vice President and General Manager of Salem Surround, effective August 29. Latzer brings extensive experience from his previous roles at Salem and Alpha Media, focusing on digital sales. His appointment is expected to drive continued revenue and operational growth in the digital space. Jamie Cohen, Senior VP of Broadcast Digital, expressed confidence in Latzer's capabilities to enhance the company's digital initiatives. Salem Media Group specializes in Christian and conservative multimedia content, serving millions of dedicated listeners.
Salem Media Group reported a 7.7% increase in total revenue for Q2 2022, reaching $68.7 million, compared to Q2 2021. Operating income rose 29.9% to $7.3 million, and net income surged 303.9% to $9.1 million or $0.33 per diluted share. However, total operating expenses increased by 5.5%. Digital media revenue increased 4.5% to $10.8 million, while publishing revenue declined 18.5% to $5.4 million. The company projects a 6% to 8% revenue increase for Q3 2022.
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