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) will disclose its second quarter 2021 financial results on August 4, 2021, at 3:00 P.M. Central Time. A teleconference will follow at 4:00 P.M. Central Time, accessible via phone at (877) 524-8416 or through a webcast. A replay will be available until August 18, 2021.
Salem Media Group (NASDAQ: SALM) announced that Larry Elder, a national host on Salem Radio Network, is running for Governor of California. Consequently, Elder will be temporarily replaced by Carl Jackson on his radio show until the election on September 14th. Jackson, who currently hosts AM 950 The Answer in Orlando and has guest-hosted for Dennis Prager, brings a compelling background and a strong presence to the airwaves. If Elder loses the election, he will return to his regular show slot.
Salem Media Group announced a partnership with director Dinesh D’Souza for a documentary titled “Silenced,” focusing on the censorship of conservative views in America. Set for mid-2022 release, the film will explore how social media giants suppress dissenting opinions across various sectors, including education and the military. Featuring Salem talk hosts who have faced bans from platforms like Twitter and YouTube, the documentary aims to highlight the existential threat to free speech. Salem also operates SalemNow.com, providing a platform for content often silenced by mainstream media.
Salem Media Group (NASDAQ: SALM) has established the Salem Influencer Network, aimed at connecting brands with audiences through Christian social media influencers. This initiative responds to clients' growing demand for influencer representation in the advertising sector, particularly targeting the 18-34 age group. Influencer marketing is on the rise, with brands projected to spend $15 billion by 2022. Notable brands like CVS and Bose are already partnering with the network to reach a dedicated consumer base.
Salem Media Group (NASDAQ: SALM) announced the addition of Trish Regan to its podcast lineup, starting June 15th. In just six months, the Salem Podcast Network has reached the top 15 of U.S. podcast networks with over 2.5 million average weekly downloads. Regan, known for her work on Fox Business, will present her unique perspective on news and economy. Salem's senior VP praised Regan as a 'superstar in conservative media,' highlighting her potential to attract her extensive fan base.
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.
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