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 a major overhaul of its news and traffic operations at AM 560 The Answer in Chicago, effective January 1, 2022. Mike Scott, who has anchored newscasts for 17 years, will become the News Director while continuing anchor duties. JoAnn Genette will join as an afternoon news anchor, and Jill Urchak will handle afternoon traffic reports. The changes aim to strengthen commitment to timely news and traffic updates for listeners, enhancing AM 560's programming.
Salem Media Group (NASDAQ: SALM) announced the winner of its Christmas Mortgage Miracle sweepstakes, where Skylar Oswalt from Benton, Arkansas, won a year's worth of mortgage payments. Selected from over 1 million entries, Oswalt entered the contest 24 times. The event was promoted by Salem Media Group's four radio stations in central Arkansas. Representatives delivered the prize just hours after notifying Oswalt of her win. Salem Media Group specializes in Christian and conservative content across various media platforms.
Salem Media Group (NASDAQ: SALM) announced significant leadership changes effective January 1, 2022. Edward G. Atsinger III transitions to Executive Chairman, while David Santrella, previously President of Broadcast Media, becomes CEO. David Evans is promoted to Chief Operating Officer. Atsinger will focus on macro strategy and M&A as the company aims for leadership continuity. The Board’s succession planning reflects confidence in Santrella and Evans to drive the company's growth in Christian and conservative media.
Salem Media Group (NASDAQ: SALM) announces Pastor Lenny Gaines will join Salem Music Network as a syndicated music host for his show, “Pastor Lenny’s Praise Party,” starting January 31, 2022. This five-hour daily show, focusing on inspiration and cultural engagement, will be produced for various radio stations. Network General Manager Kevin Anderson emphasizes the potential of the show to reach a broader audience, enhancing Salem's syndication offerings.
Salem Media Group (NASDAQ: SALM) announced its participation in the 16th annual Singular Research Best of the Uncovered Investor Conference on December 9, 2021, at 10:15 A.M. Central Time. Investors can access the presentation via the investor relations section of the company's website, www.salemmedia.com. Singular Research focuses on small-to-micro cap companies, providing independent, unbiased research and recommendations.
Salem Media Group (NASDAQ: SALM) has extended its agreement with Jennifer Horn, keeping her as the host of the popular 'Morning Answer Show' through 2024. Co-host Grant Stinchfield joins her, creating a dynamic team on AM 870 and AM 590. Programming Director Chuck Tyler praised their chemistry, stating they expertly cover serious issues with a fun approach. Both hosts expressed excitement about their partnership. Salem Media Group specializes in Christian and conservative content, reaching millions of dedicated listeners across the nation.
Salem Media Group (NASDAQ: SALM) will present at the virtual Q4 Investor Summit on November 17, 2021, at 1:00 P.M. Central Time. Investors can access the presentation via the company's investor relations website www.salemmedia.com. The Q4 Investor Summit connects smallcap companies with over 500 investors, including institutional and high net worth individuals. Salem Media is renowned for its Christian and conservative multimedia content, serving millions of engaged listeners and readers across the nation.
Salem Media Group (NASDAQ: SALM) reported its Q3 2021 results, showing a 8.8% increase in total revenue to $66.0 million compared to Q3 2020. Operating expenses decreased 10.2% to $50.2 million, leading to an operating income surge of 232.5% to $15.8 million. Net income skyrocketed 6,615.5% to $22.1 million, or $0.81 per diluted share. Year-to-date figures also reflected growth, with total revenue up 10.1% to $189.1 million. The company anticipates Q4 revenue growth of up to 2% compared to last year.
Salem Media Group, Inc. (NASDAQ: SALM) will announce its third quarter 2021 financial results on November 4, 2021, after market close. A teleconference will follow at 4:00 P.M. Central Time for discussing the results. Interested parties can join by dialing (877) 524-8416 or through a webcast. A replay will be available until November 18, 2021. Salem Media specializes in Christian and conservative content, reaching millions through its various media properties.
Salem Media Group (NASDAQ: SALM) announced the launch of the Doug Collins Podcast on October 25. Hosted by former Congressman Doug Collins, the podcast aims to equip conservatives with insights into various topics from politics to personal advice. Collins, who served from 2013 to 2021 and was the Ranking Member on the U.S. House Judiciary Committee, expressed enthusiasm for the show. The Salem Podcast Network, launched in 2021, has gained popularity, ranking 12th in America with over 13 million monthly downloads.
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