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) has announced the promotion of Jonathan Garthwaite to Senior Vice President and Publisher of Townhall Media. Garthwaite, who has been with the company since its inception in 1995, oversees operations for Townhall and other media properties, collectively attracting over 20 million readers monthly. COO David Evans praised Garthwaite for his dedication and leadership. This leadership change is expected to strengthen Townhall Media's operations and maintain its growth trajectory within the conservative media landscape.
Salem Media Group (NASDAQ: SALM) has promoted William F. Long, Jr. to Senior Vice President and General Manager of Salem Church Products (SCP). Long, who has been part of Salem for 21 years, has successfully overseen SCP's growth since 2017, including important acquisitions that expanded its capabilities. Currently, SCP serves over 31,000 churches weekly, enhancing its content offerings and subscriber base. Long expressed gratitude for his team’s efforts to equip church leaders in their mission.
Salem Media Group (NASDAQ: SALM) has scheduled its 2022 Annual Meeting of Stockholders for May 4, 2022, at its headquarters in Irving, Texas. The meeting will begin at 11:30 a.m. C.D.T. The record date for voting shares at this meeting is set for March 9, 2022. Salem Media Group is recognized as a leading multimedia company specializing in Christian and conservative content, operating across radio, digital media, and publishing platforms, serving millions of dedicated listeners and readers daily.
Salem Media Group (NASDAQ: SALM) reported a significant increase in financial performance for Q4 and FY 2021. Q4 total revenue rose 7.2% to $69.1 million, with operating income up 220% to $20.5 million. Net income reached $16.8 million, representing $0.61 per diluted share, compared to $3.3 million or $0.12 per share in 2020. For FY 2021, total revenue increased 9.3% to $258.2 million, while net income was $41.5 million, reversing a prior year's loss. Notably, a $13 million gain from asset dispositions contributed to these results.
Salem Media Group (NASDAQ: SALM) announced the launch of a new podcast titled “Dennis and Julie” featuring Dennis Prager and Julie Hartman, a Harvard senior. The podcast will explore various topics, with a focus on the crisis in American education, and is set to premiere on March 1st. Prager, a prominent conservative commentator, has a massive following, and Hartman has recently gained attention for her views as well. This collaboration aims to engage audiences of all ages with insightful discussions.
Salem Media Group, operating under NASDAQ: SALM, will report its fourth quarter 2021 financial results on March 3, 2022, after market close. A teleconference to discuss these results will also be held on the same date at 4:00 P.M. Central Time. Interested parties can join the call by dialing (877) 524-8416 or via a webcast. The replay of the call will be available until March 17, 2022.
Salem Media Group (NASDAQ: SALM) announces the retirement of long-time radio host Parks Stamper from Atlanta's WFSH (104.7 The Fish) after 21 years. Stamper expressed gratitude for her listeners, coworkers, and sponsors, emphasizing her mission of sharing the Gospel. Her last day on the midday show will be February 25. VP of Programming Mike Blakemore commended Stamper's authentic connection with listeners and mentioned she will continue to contribute on a part-time basis. Salem Media Group remains a leading multimedia company, focusing on Christian and conservative content.
Salem Media Group (NASDAQ: SALM) has launched 'The Carl Jackson Podcast' on the Salem Podcast Network, with new episodes available daily. Carl Jackson, who previously filled in for Larry Elder during his gubernatorial campaign in California, aims to reach a wider audience by sharing his story and insights. The Salem Podcast Network, founded in January 2021, ranked as the #12 podcast network in the U.S. by Triton Digital in December, boasting over 13 million downloads monthly. This initiative highlights Salem's commitment to expanding its multimedia reach in the conservative and Christian content space.
Salem Media Group (NASDAQ: SALM) has announced the addition of Andrew Wilkow to the Salem News Channel, with his new show "Wilkow!" premiering on February 15, airing weekdays from 5-6pm ET. The show will feature a mix of breaking news and Wilkow's political analysis, originating from Salem's New York City studio. Wilkow brings a strong following from his previous roles on The Blaze TV and Sirius XM, positioning him as a key asset for the channel. This launch is part of Salem's strategy to enhance its programming and audience engagement.
Salem Media Group has named Florida Governor Ron DeSantis the 2021 Salem Culture Warrior of the Year, receiving 52% of the listener votes. This recognition highlights DeSantis's strong influence not only in Florida but nationally. Previously awarded to Candace Owens, this accolade underscores Salem's commitment to recognizing cultural leadership. Salem Media Group continues to dominate the conservative media landscape with over 100 radio stations, the Salem Radio Network, and the Salem News Channel, reaching millions of dedicated listeners and readers.
FAQ
What is the current stock price of SALEM MEDIA GROUP A (SALM)?
What is the market cap of SALEM MEDIA GROUP A (SALM)?
What is Salem Media Group Inc.?
How many radio stations does Salem Media Group own?
What is Salem Radio Network?
What is the focus of Salem Web Network?
What type of content does Salem Publishing produce?
What recent achievements has Salem Media Group accomplished?
What are Salem Media Group's current projects?
How does Salem Media Group maintain its financial condition?
What type of partnerships does Salem Media Group engage in?
Where is Salem Media Group headquartered?
