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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 (OTCQX: SALM) announced the recent ratings success of Salem Radio Network (SRN) host Mike Gallagher in Greenville, SC. After returning to WYRD-FM four months ago, Gallagher's show has achieved #1 rankings in several key demographics:
- 10am-3pm daypart: #1 with an 8.3 share 12+ and over five hours of time spent listening
- 10am-Noon daypart: #1 with a 9.1 share 12+, beating the 2nd ranked station by 1.7 shares
- 25-54 demo: Tied for 3rd with a 6.4 share
- 35-64 demo: #1 with a 13 share, beating the 2nd ranked station by over 5 shares
The success is attributed to loyal listeners and the addition of Joey Hudson to the lineup. Salem Radio Network syndicates Gallagher's show nationally from 9am to Noon ET.
Salem Media Group (OTCQX: SALM) has finalized the sale of its contemporary Christian music stations in Nashville, Tennessee, and Honolulu, Hawaii, to Educational Media Foundation for $7 million. The transaction, initially announced on March 21, 2024, was completed on June 26, 2024. Salem Media Group is a leading multimedia company focused on Christian and conservative content, operating through radio, digital media, and publishing. The sale reflects Salem's strategic realignment to focus on its core assets and content areas, aiming to strengthen its presence in the Christian and conservative media landscape.
Salem Media Group announced a partnership with HC2 Broadcasting to expand the Salem News Channel's footprint. This collaboration enables free over-the-air broadcasts in 25% of U.S. television markets, covering 55 major areas including New York, Chicago, and Dallas. Cary Pahigian, VP and General Manager of Salem News Channel, highlights the significance of this expansion for the channel's growth. HC2 Broadcasting's CEO, Les Levi, expressed enthusiasm for the partnership, noting the benefits for broadcast TV viewers. This marks Salem News Channel's debut in the broadcast television space.
Salem Media Group (OTCQX: SALM) has issued a statement regarding the film and book '2000 Mules,' which examines allegations of voter fraud in the 2020 presidential election. The Georgia Bureau of Investigation has cleared Mr. Andrews of any illegal voting activity depicted in the film. Salem Media apologizes for any harm caused and has removed the film from its platforms, discontinuing its future distribution. Salem Media specializes in Christian and conservative content across radio, digital media, and publishing, serving a large national audience daily.
Salem Media Group (OTCQX: SALM) has appointed Christian Kligora as the new West Region Digital Sales Director for its digital marketing firm, Salem Surround.
Christian brings extensive experience from his executive role at Marketron, where he drove business development. He also contributed significantly to Gannett's Local IQ and ReachLocal, leading to revenue and operational growth.
Jon Latzer, Vice President and General Manager of Salem Surround, praised Christian's potential to achieve revenue growth and operational efficiencies. Christian expressed his excitement about joining Salem Media and contributing to its innovative and impactful media landscape.
Salem Media Group is a leading multimedia company specializing in Christian and conservative content, encompassing radio, digital media, and publishing, serving millions of loyal listeners and readers daily.
Salem Media Group announced the sale of its principal office in Camarillo, CA to Eclipse RE Holdings, for $5.5 million, closing on May 1, 2024. Salem will leaseback the building for five years. Salem Media Group is a multimedia company specializing in Christian and conservative content.
Salem Media Group, Inc. (OTCQX: SALM) released its first quarter 2024 Quarterly Report, showcasing its position as America's leading multimedia company specializing in Christian and conservative content. The report highlights Salem's loyal audience, unique programming focus, and respected figures across the media landscape.
Salem Media Group, Inc. announced that Salem Radio Network host Mike Gallagher will return to the airwaves in Greenville, South Carolina on May 6th. The Audacy station NewsTalk 98.9 WORD-FM will host his show. Gallagher expressed excitement about reuniting with his loyal fans in Greenville after a station sale last fall. The Voice of the Carolinas, NewsTalk 98.9/WYRD-FM, is the leading NewsTalk radio station in South Carolina. Salem Media Group specializes in Christian and conservative content, serving a large audience nationwide.
Salem Media Group, Inc. announces Beth Bacall joining the Salem Music Network as an afternoon host on Today’s Christian Music Network.
Bacall, an industry veteran, brings her award-winning talent to the TCM lineup, expanding the network's reach and offerings.
Her daily syndicated show will be available for stations nationwide, showcasing her experience and dedication to Christian music radio.
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