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 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.
Salem Media Group (NASDAQ: SALM) announces the return of Southern Gospel personality Greg Goodman to Singing News Radio, where he will host the Top 20 Weekly Countdown. Goodman, who originated the show's earlier format, expressed excitement about rejoining the network. His first broadcast is scheduled for Easter weekend. The countdown is broadcast across more than 140 stations in the US and Canada. Salem Media Group is recognized as a leader in delivering Christian and conservative content through various media platforms.
Salem Media Group (NASDAQ: SALM) has announced that its 2021 annual meeting of stockholders will be held virtually on May 5, 2021, at 11:30 a.m. CDT due to COVID-19 concerns. Stockholders entitled to attend must hold shares as of the record date, March 10, 2021. Attendance will be via www.virtualshareholdermeeting.com/SALM2021, using a 16-digit voting control number found on proxy materials. The company encourages stockholders to vote in advance.
Salem Media Group (NASDAQ: SALM) has announced the addition of the Todd Starnes Podcast to its Salem Podcast Network, commencing distribution on April 5, 2021. Todd Starnes, a prominent conservative voice and award-winning journalist, aims to expand his reach through this partnership. The Salem Podcast Network has seen significant growth since its January 2021 launch, achieving over 30 million downloads, with an average of 2.4 million weekly downloads in February 2021. This collaboration reflects Salem's focus on delivering conservative content.
Salem Media Group (NASDAQ: SALM) announced that Shaun Thompson will be the new afternoon host on AM 560 The Answer, effective March 22, 2021. Thompson has been a weekend host since 2016 and previously filled in for Steve Cortes, who is leaving for a national television project. Jeff Reisman, regional VP, highlighted Thompson's connection with listeners and his extensive background in radio and business. Thompson expressed gratitude for the new role and appreciation for Cortes, promising an engaging experience for the audience.
Salem Media Group (Nasdaq: SALM) reported its Q4 2020 results, showing a 5.9% increase in net broadcast revenue from Q3 2020, though down 4.8% from Q4 2019. Net income rose to $3.3 million, with a significant 283.0% increase in operating income to $6.4 million. However, total revenue for 2020 fell 7.0% to $236.2 million. Digital media revenue saw a 14.5% increase year-over-year while publishing revenue decreased 13.4%. The company holds $6.3 million cash and $19.9 million available on its credit facility as of year-end.
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