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SALEM MEDIA GROUP INC A - SALM STOCK NEWS

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.

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Salem Media Group, Inc. (SALM) announced the promotion of Nic Anderson to Vice President of Government Affairs. Anderson, who has been with the company since 2008, has been recognized for his industry awards and role in advocating for the interests of Salem and the radio industry. His promotion has also led to the elevation of Mike Murphy to the General Manager role in the Twin Cities.
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Salem Media Group, Inc. (NASDAQ: SALM) announced that Lara Trump is bringing her podcast 'The Right View' to the Salem Podcast Network, delivering podcasts three days a week starting January 16th. The network ranks as the 11th largest podcast network in America with over 11 million downloads per month, featuring notable podcasters such as Charlie Kirk, Dinesh D’Souza, and Trish Regan. Lara Trump's show will be available on major podcasting platforms and video platforms like Rumble, YouTube, and Facebook.
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Salem Media Group, Inc. (NASDAQ: SALM) has announced its intention to voluntarily delist its Class A Common Stock from the Nasdaq Global Market and deregister its Class A Common Stock under Section 12(b) of the Securities Exchange Act of 1934.
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Salem Media Group, Inc. (NASDAQ: SALM) announces voluntary delisting from the Nasdaq Global Market, intending to deregister its Class A Common Stock under Section 12(b) of the Securities Exchange Act of 1934.
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Salem Media Group, Inc. (NASDAQ: SALM) closed a new $26.0 million 3-year asset-based revolving credit facility with Siena Lending Group, refinancing its prior facility with Wells Fargo Bank.
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Salem Media Group, Inc. (NASDAQ: SALM) has reached an agreement with Skyhorse Publishing to sell Regnery Publishing, with the transaction expected to close by the end of the year. The more than 1,500 Regnery titles will be absorbed into the Skyhorse Publishing catalogue. Founded in 1947, Regnery Publishing has an impressive list of authors over its 75 years, including former President Donald Trump, Senator Rand Paul, Senator Ted Cruz, Senator Mitt Romney, Tulsi Gabbard, Eric Metaxas, former President Ronald Regan, and Ann Coulter.
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Salem Media Group, Inc. (NASDAQ: SALM) announced that Andrew Wilkow raised $166,568 for Veteran’s related charities through his Salem News Channel TV show and SiriusXM radio show, with donations surpassing last year's total by over $100,000. Wilkow has been supporting Veterans for 10 years, raising awareness for returning Veterans who need special assistance. Charities included Horses for Heroes, Legacy Expeditions, Paws for Purple Hearts, and more. The Salem News Channel provided added support for the charities, with plans to do more next year.
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Salem Media Group, Inc. (NASDAQ: SALM) announced the addition of 'Man in America with Seth Holehouse' to the Salem Podcast Network, reaching over a million people monthly. Seth Holehouse, a former content creator at The Epoch Times, has gained popularity after exposing election fraud in 2020. The podcast features prominent guests like Peter Navarro, Kash Patel, Senator Wendy Rogers, General Michael Flynn, and General Robert Spalding. The Salem Podcast Network, ranked 11th most listened to on Triton Digital, welcomes Seth to their line-up, anticipating further growth.
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Salem Media Group, Inc. (Nasdaq: SALM) released its Q3 2023 results, showing a 5.0% decrease in total revenue, a 31.9% increase in total operating expenses, and a net loss of $31.3 million. The company reported a decrease in net broadcast revenue, digital media revenue, and publishing revenue. It also announced various impairment charges and pending asset sales. The Q4 2023 outlook projects a decline in total revenue between 6% and 8% from Q4 2022.
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Salem Media Group, Inc. (NASDAQ: SALM) plans to report its third quarter 2023 financial results on November 13, 2023, after the market closes. A teleconference to discuss the results will be held at 4:00 PM Central Time. The teleconference can be accessed by dialing (888) 770-7291 or listening to the webcast. A replay of the teleconference will be available until November 27, 2023, by dialing (800) 770-2030 - replay pin number 2413416 or on the investor relations portion of the company’s website.
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FAQ

What is the current stock price of SALEM MEDIA GROUP A (SALM)?

The current stock price of SALEM MEDIA GROUP A (SALM) is $0.195 as of December 20, 2024.

What is the market cap of SALEM MEDIA GROUP A (SALM)?

The market cap of SALEM MEDIA GROUP A (SALM) is approximately 5.4M.

What is Salem Media Group Inc.?

Salem Media Group Inc. (SALM) is a leading radio broadcaster, internet content provider, and publisher targeting audiences interested in Christian and family-themed content and conservative values.

How many radio stations does Salem Media Group own?

Salem Media Group owns and operates 112 radio stations, with 67 located in the nation’s top 25 markets and 30 in the top 10.

What is Salem Radio Network?

Salem Radio Network syndicates talk, news, and music programming to approximately 2,600 affiliates across the United States.

What is the focus of Salem Web Network?

Salem Web Network is a leading internet provider of Christian content and online streaming services.

What type of content does Salem Publishing produce?

Salem Publishing produces Christian-themed magazines and books, offering inspirational and family-oriented content.

What recent achievements has Salem Media Group accomplished?

Salem Media Group has expanded its digital presence and invested in digital transformation, enhancing its podcast offerings and online streaming services.

What are Salem Media Group's current projects?

Current projects include the expansion of podcast offerings and the enhancement of digital streaming services to meet the growing demand for accessible content.

How does Salem Media Group maintain its financial condition?

Salem Media Group focuses on strategic investments and partnerships, ensuring sustainable growth and a robust financial structure.

What type of partnerships does Salem Media Group engage in?

Salem Media Group collaborates with a variety of affiliates and partners to enhance content delivery and expand audience reach.

Where is Salem Media Group headquartered?

Salem Media Group is headquartered in Camarillo, California.

SALEM MEDIA GROUP INC A

Nasdaq:SALM

SALM Rankings

SALM Stock Data

5.44M
12.82M
40.83%
0.38%
Broadcasting
Communication Services
Link
United States of America
Camarillo