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 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.
Salem Media Group (NASDAQ: SALM) has announced the launch of the Salem Podcast Network, aimed at expanding conservative content through podcasts. The inaugural podcast, “Pardon Me!”, hosted by Dinesh D’Souza, will debut on January 11, 2021, across various platforms including SalemNow.com, YouTube, and Rumble. Salem aims to produce more content with prominent conservative figures, reinforcing its position as a leader in conservative media with a robust reach of 3,200 radio affiliates.
Salem Media Group (NASDAQ: SALM) has announced the relocation of Christopher Gould to Colorado Springs, where he will continue as Senior Vice President of National Program Development and take on the role of General Manager for local stations. Gould, a seasoned employee with nearly two decades at Salem, aims to enhance both influence and financial performance in this new position. David Santrella, President of Broadcast Media, expressed confidence in Gould’s leadership, emphasizing continuity in service to national ministry partners.
Salem Media Group (NASDAQ: SALM) has appointed David Cruz as Vice President of Salem Si, a new digital streaming platform targeting the Latino market, set to launch in January 2021. David Santrella, President of Broadcast Media, expressed excitement about Cruz's extensive background in Latino journalism, highlighting his potential to lead this initiative effectively. Salem Si aims to provide timely and relevant content to the growing Latino demographic in the U.S., which seeks accessible information in both English and Spanish.
Salem Media Group (NASDAQ: SALM) announced its participation in two virtual investor conferences. The company will present at the Singular Research Best of the Uncovered 15th Annual Conference on December 10, 2020, and at the 13th Annual LD Micro Main Event on December 14, 2020. Both presentations will be accessible via the investor relations section of Salem's website prior to the events. These conferences aim to connect microcap companies with investors, which is crucial for maintaining investor engagement.
Salem Media Group (Nasdaq: SALM) reported its financial results for Q3 2020, noting a 15% increase in net broadcast revenue compared to Q2 2020, yet a 4.8% decline year-over-year. Key highlights included a significant operating income turnaround, reporting $4.8 million versus a loss of $14.5 million in Q3 2019, and adjusted EBITDA rose 6.9% to $9.6 million. However, total revenue decreased 5.4% to $60.6 million, driven by a 25.3% drop in publishing revenue. As of September 30, 2020, the company held $19.3 million in cash, and its net loss was notably reduced to $0.3 million from $20 million.
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