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) 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.
Salem Media Group plans to report its fourth quarter 2020 financial results on March 4, 2021, at 11:00 A.M. Central Time. A teleconference will follow at 12:00 P.M. to discuss the results, accessible by dialing (877) 524-8416 or via webcast. A replay of the call will be available until March 18, 2021.
Salem Media Group is a leading multimedia company specializing in Christian and conservative content, reaching millions through radio, digital media, and publishing.
Salem Media Group (NASDAQ: SALM) expands its reach by launching AM radio station La Patrona 1680 in the Seattle-Tacoma market, featuring the popular show 'Don Cheto al Aire.' Targeting the Latino community, La Patrona offers a mix of regional Mexican music and talk programming addressing local issues such as immigration and health. Program Director Carlos Tovías emphasizes the station's commitment to providing quality content to its audience. Besides AM broadcasting, La Patrona is available for streaming and social media interaction.
Salem Media Group (NASDAQ: SALM) announced that Regnery Publishing will publish The Tyranny of Big Tech by Senator Josh Hawley after it was canceled by Simon & Schuster. The book, highlighting issues of censorship and the power of tech giants, is set for a summer 2021 release. Hawley faced backlash for his role in the January 6 Capitol events, leading to the cancellation by Simon & Schuster. Regnery's president emphasized their support for Hawley amid what they term 'cancel culture'.
Salem Media Group (NASDAQ: SALM) will present virtually at NobleCon17 on January 20th at 11:15 AM PT. This annual conference hosted by Noble Capital Markets is free to attend. A high-definition video webcast will be available the following day on Salem Media Group’s website and the NobleCon conference site. The presentation will also be accessible on Channelchek for 90 days post-event. Salem Media Group focuses on Christian and conservative multimedia content, serving millions daily through various formats including radio and digital media.
Salem Media Group, Inc. (NASDAQ: SALM) has promoted Angenette Natkowski to Director of Sales for its Chicago cluster. In this newly created role, she will oversee AM 560 the Answer/WIND and AM 1160 Hope For Your Life/WYLL. Angenette joined WIND in 2015 and has significantly contributed to revenue growth and the launch of the digital division. Her promotion reflects her strategic leadership and sales expertise, aiming to enhance revenue through comprehensive product solutions.
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