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 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.
Salem Media Group (NASDAQ: SALM) participated in Noble Capital Markets’ C-Suite Interview Series, where management discussed the company's diversified approach and customer-first strategy. Key highlights include successful refinancing aimed at significant debt reduction and growth drivers such as Salem Now and Salem Podcast Networks. The interview featured CEO Edward Atsinger and other executives, touching on Larry Elder's influence on the company and the impact of Facebook's conversion data issues on the media landscape. The interview was recorded on September 29 and is available on Channelchek.
Salem Media Group (NASDAQ: SALM) announced its participation at the 14th Annual LD Micro Main Event, scheduled for October 13, 2021, at 4:00 P.M. Central Time. The event will showcase a new format designed to enhance engagement for executives and global investors. Salem Media, a leading multimedia company specializing in Christian and conservative content, invites stakeholders to view the presentation on its investor relations website prior to the event. LD Micro, acquired by SRAX, supports microcap companies through its innovative platform.
Salem Media Group (NASDAQ: SALM) announces the retirement of long-time radio personality Allan Dempsey after a 30-year career at WTLN in Orlando. Dempsey expressed his desire to explore new opportunities and deepen his spiritual journey. General Manager Tim Robisch commended Dempsey for his commitment to the Central Florida community, highlighting his 50 years in broadcasting and impactful contributions through various ministries. Salem Media Group continues to be a leading multimedia company focusing on Christian and conservative content.
Salem Media Group (NASDAQ: SALM) announced the retirement of Russ Hauth on October 22, 2021, after a 34-year tenure. Hauth, who served as SVP and led National News and Public Affairs, also directed Salem's Office of Government Relations. Nic Anderson, the Minneapolis General Manager, will assume Government Relations responsibilities, capitalizing on his experience and connections in the broadcasting community. Salem continues to position itself as a leader in Christian and conservative multimedia content, engaging millions of listeners and readers nationwide.
Salem Media Group (NASDAQ: SALM) will present at the Singular Research Compelling Values Webinar on September 16 at 1:30 P.M. Central Time. Interested investors can access the presentation via the investor relations page on the company’s website. Singular Research focuses on independent research for small-to-micro cap companies, providing valuable insights and recommendations without financial conflicts. Salem Media is renowned for its Christian and conservative multimedia content, connecting with millions of listeners nationwide.
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