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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, 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.
Salem Media Group (NASDAQ: SALM) will announce its second quarter 2022 financial results after market close on August 4, 2022. A teleconference to discuss these results is scheduled for the same day at 4:00 PM Central Time. Investors can join the call by dialing (888) 770-7291 or listen via webcast. The replay will be available until August 18, 2022.
Salem specializes in Christian and conservative multimedia content, serving millions of listeners and readers daily.
Salem Media Group (NASDAQ: SALM) has appointed Cary Pahigian as the new Vice President and General Manager of Salem News Channel, effective July 18. Pahigian, with eight years of experience at Hearst Television, is expected to enhance the station's presence in the OTT market. He will oversee production, content, and marketing for the 24/7 news network. Pahigian expressed admiration for Salem's culture and dedication to quality content. This leadership change is aimed at improving viewer engagement and solidifying the channel’s standing in the fast-growing video streaming arena.
Salem Media Group (NASDAQ: SALM) announced the addition of Morgan Zegers, a 25-year-old conservative commentator, to its podcast network. Her show, The Morgan Zegers Show, will launch on July 18 and feature discussions on current events, politics, and culture, releasing three episodes weekly. The Salem Podcast Network, established in January 2021, ranks 11th on the Triton Digital platform with over 17 million monthly downloads. This move aims to cater to audience demand for more young female hosts.
Salem Media Group (NASDAQ: SALM) has signed nationally syndicated talent Amanda Carroll to its Life Audio Podcast Network. Carroll, the founder of the 'Get Your Brave On' podcast, aims to inspire women through weekly episodes featuring notable guests. The partnership acknowledges the impact of Carroll's platform, which she founded seven years ago and has since grown significantly. Salem Media Group specializes in Christian and conservative multimedia content, serving millions of listeners and readers across various media properties.
Salem Media Group (NASDAQ: SALM) announced that the podcast Liberty Station will join its line-up on July 11. Hosted by Rob McCoy and Bryce Eddy, the podcast offers commentary on Biblical principles and current events. Each week, four episodes will be released. The Salem Podcast Network, launched in January 2021, is the 11th most popular on Triton Digital, with over 17 million monthly downloads. McCoy and Eddy express enthusiasm for joining Salem, emphasizing the importance of freedom of speech amidst increased censorship.
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