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) 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.
Salem Media Group, Inc. (NASDAQ: SALM) has successfully refinanced $112.8 million of its senior secured notes due 2024 by issuing new 7.125% Senior Secured Notes due 2028. The exchange increases total notes to $114.7 million, allowing only $103.5 million of the 2024 Notes outstanding. Additionally, commitments have been secured to purchase up to $50 million of further notes, contingent on performance benchmarks. CEO Edward G. Atsinger III expresses confidence in continued cash flow and the ability to manage outstanding debt.
Salem Media Group (NASDAQ: SALM) is launching the Daybreak Insider Daily Podcast on September 7, providing a conservative perspective on daily news. Hosted by Rich Thomason, the podcast aims to consolidate resources from Salem Radio News and other conservative outlets for a comprehensive news overview. The podcast complements the existing Daybreak Insider Newsletter, which has over 100,000 subscribers. Since its inception in 2021, the Salem Podcast Network has achieved significant success, being ranked the #13 podcast network in America by Triton Digital, with over 12 million downloads monthly.
Salem Media Group (NASDAQ: SALM) has elevated Jamie Cohen to Senior Vice President, Broadcast Digital, focusing on enhancing the company's digital operations. His promotion aims to unify local and national digital efforts and capitalize on opportunities to monetize digital assets. Dave Santrella, President of Broadcast Media, commended Cohen's achievements in building the company's digital enterprise. Cohen expressed optimism, highlighting the growth of platforms like Salem Now and the Salem Podcast Network, indicating a robust future for the company.
Salem Media Group (NASDAQ: SALM) announced that former Trump Campaign Attorney Jenna Ellis will join the Salem Podcast Network starting September 13th. Known for her constitutional law expertise, Ellis aims to provide analysis on cultural and legal issues from a Christian and conservative perspective. The network, which has seen rapid growth since its launch in January, ranks #12 on the Triton Digital national podcast network with 12-13 million monthly downloads. This addition is expected to enhance SPN's lineup of conservative voices.
Salem Media Group (Nasdaq: SALM) reported a 20.6% increase in Q2 2021 revenue at $63.8 million, compared to $52.9 million in Q2 2020. Operating income shifted to $5.6 million from an operating loss of $0.9 million. Year-to-date, total revenue rose 10.8% to $123.1 million, with net income of $2.6 million, versus a loss of $57.7 million in 2020. Broadcast and publishing segments showed significant growth, while digital media revenue increased 9.5%. Future projections for Q3 2021 suggest a 2%-4% revenue increase.
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