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, Inc. (NASDAQ: SALM) participated in Noble Capital Markets’ C-Suite Interview Series, featuring CFO Evan Masyr. The discussion, recorded on May 19, 2021, covered key topics such as the unique challenges of the pandemic, the stability provided by block programming partnerships, and growth prospects for Salem Surround and Salem Now. Salem also aims to reduce debt through real estate sales and highlighted the value of its Digital Media business, which remains disconnected from its stock price. The interview is available on Channelchek.
Salem Media Group (NASDAQ: SALM) has announced its participation in two upcoming virtual investor conferences. The first presentation will be at the Singular Spring Select conference on May 27th at 10:30 a.m. Central Time. Interested attendees can contact mike@singularresearch.com. The second presentation is scheduled for June 10th at 11:30 a.m. Central Time at the LD Micro Invitational XI. For attendance, please reach out to registration@ldmicro.com. Both presentations will be accessible on Salem's investor relations website.
Salem Media Group (NASDAQ: SALM) has appointed Grant Stinchfield as the new co-host of The Morning Answer alongside Jennifer Horn, starting May 18. After a five-month search, programming director Chuck Tyler praised Horn for her perseverance and expressed confidence in Stinchfield's fit for the role. Senior VP Phil Boyce remarked on the strong chemistry between the hosts, with Horn noting rising ratings for the show. Stinchfield emphasized his commitment to serving Californians and addressing important issues affecting the state.
Salem Media Group (NASDAQ: SALM) has appointed Tim Robisch as the new General Manager for its Orlando radio stations and Salem Surround Orlando. Robisch, a seasoned radio veteran with extensive management experience, previously held sales management roles with Cox in Orlando and has worked in various cities including Las Vegas and Kansas City. His focus will be on engaging the Orlando community and enhancing client results through audio, digital, and event marketing.
Salem Media Group (Nasdaq: SALM) reported its first-quarter 2021 results, showing a 1.9% increase in total revenue to $59.4 million, compared to $58.3 million in Q1 2020. Operating expenses decreased significantly by 27.9% to $55.0 million. The company achieved an operating income of $4.4 million against a loss of $18.0 million last year. Net income improved to $0.3 million or $0.01 per diluted share, recovering from a net loss of $55.2 million. Digital media revenue rose 5.7% and publishing revenue surged 43.4%. The company forecasts a revenue increase of 13% to 15% for Q2 2021.
Salem Media Group (NASDAQ: SALM) will report its first quarter 2021 financial results after market close on May 6, 2021. A teleconference to discuss these results will occur the same day at 4:00 P.M. Central Time, available at (877) 524-8416 or via webcast. A replay will be accessible until May 20, 2021, by calling (877) 660-6853 with replay pin 13717857, or through the investor relations section of their website.
Salem Media Group (NASDAQ: SALM) has signed a multi-year extension for The Charlie Kirk Podcast, which ranks among the top 10 news podcasts in the U.S. with over 100 million downloads in the past year. The podcast will be managed through the Salem Podcast Network, enhancing Salem's portfolio in conservative media. Charlie Kirk, noted for his influence in conservative politics, expressed enthusiasm for the partnership, highlighting Salem's impact in the industry. This collaboration aims to strengthen content delivery in the Noon to 3 PM ET slot.
Salem Media Group (NASDAQ: SALM) announces the retirement of Chuck Jewel from its Houston cluster of stations, effective April 30, 2021. Jewel has been with Salem for over 16 years, having joined in 2004. Darren Ryder, who has over 20 years of experience in media management, will succeed him as General Manager. Ryder previously led teams at Time Warner Cable and Townsquare Media and has experience with Salem in Orlando. Salem Media specializes in Christian and conservative content across various media platforms.
Salem Media Group (NASDAQ: SALM) announces that Charlie Kirk will join the lineup on 77WABC Radio and 107.1 FM WLIR starting April 12th at noon ET. Kirk, known for his conservative influence and as a host of one of the top 10 podcasts in the USA, aims to enhance the station's reputation. John Catsimatidis, owner of the station, praised Kirk's dynamic presence, while the network's executives believe his addition will positively impact listeners and advertisers. Kirk previously joined the Salem Radio Network on October 5th, demonstrating growing audience engagement.
Salem Media Group, Inc. (NASDAQ: SALM) announced that Aubrey Sampson will join the weekday afternoon talk show “The Common Good” on Chicago’s AM 1160 starting April 7. Sampson, an accomplished author and co-founder of Renewal Church, will co-host with Brian From. The addition is seen as a significant move for AM 1160, aiming to enhance community engagement and address relevant issues. Sampson expressed enthusiasm for continuing the show's mission of meaningful discourse and connection, building on the work of previous hosts.
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