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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 (NASDAQ: SALM) announced its participation in the Channelchek Takeaway Series from the NAB Show, to be broadcast on April 27, 2023, at 9:00 AM CT. The NAB Show is a key event for the audio and video industry, marking its centennial year. CEO David Santrella, along with COO David Evans and CFO Evan Masyr, will engage in a fireside chat with Noble's Senior Media & Entertainment Analyst Michael Kupinski. Investors can attend the virtual event for free, with registration available through Channelchek.
Salem Media specializes in Christian and conservative content, reaching millions of listeners and readers daily, and is recognized for its unique programming focus.
Salem Media Group (NASDAQ: SALM) has postponed a planned tribute to Tampa Bay radio personality Jack Harris until the fall, aligning with his contractual obligations. General Manager Barb Yoder expressed admiration for Harris and emphasized the importance of honoring his connection with the Tampa Bay community. In the meantime, Salem will host a special program featuring Mason Dixon on April 14, discussing his radio career and inviting listener interaction. Salem Media Group remains a leading company in Christian and conservative multimedia, reaching millions daily through various media platforms. The postponement of the tribute is aimed at ensuring Harris can fully engage with his audience.
Salem Media Group, Inc. (NASDAQ: SALM) has expanded its syndicated programming by adding The Kim Fitz Show to the Salem Music Network lineup. This five-hour show airs weekdays from 10:00am-3:00pm CT on Today’s Christian Music Network and is also available for weekend syndication. Kim Fitz, who began her radio career in 2001, expressed her excitement about joining the Salem team, emphasizing her mission to spread positivity through her broadcasts. Salem Media Group, a leader in Christian and conservative multimedia, reaches millions daily through its diverse media properties.
Salem Media Group, Inc. (NASDAQ: SALM) has completed the redemption of $36.5 million in 6.75% Senior Secured Notes due 2024. The redemption was financed by issuing $44.685 million in new 7.125% Senior Secured Notes due 2028. The transaction is expected to strengthen the company's balance sheet. The new notes were sold to qualified institutional buyers in a private placement and have not been registered under the Securities Act. The company's operations focus on Christian and conservative content through various media platforms.
Salem Media Group, Inc. (NASDAQ: SALM) announced the launch of the podcast Senior Fitness with Meredith, hosted by AFAA-certified trainer Meredith Chen. This weekly show focuses on wellness subjects significant to seniors, including physical fitness, mental health, and nutrition. Chen aims to raise awareness and provide valuable insights to an underserved demographic. The podcast joins Salem's existing financial content platforms, enhancing its reach to the 55+ community. This initiative reflects Salem's commitment to delivering relevant content while potentially expanding its audience in the growing senior market.
Salem Media Group (NASDAQ: SALM) has launched the podcast Retirement for Real, aimed at educating retirees on making prudent financial decisions. Host Lena Armuth emphasizes simplifying investing to make it accessible to everyone. The podcast is featured on SeniorResource.com, which aligns with Armuth's goal of empowering retirees with knowledge about personal finance. The initiative seeks to provide practical advice rather than complex solutions, augmenting Salem's existing portfolio of investment resources including RetirementWatch.com and StockInvestor.com.
Salem Media Group (Nasdaq: SALM) reported a net loss of $2.2 million for Q4 2022, a decline from the previous year's $16.8 million profit. Total revenue decreased slightly by 0.5% to $68.8 million. Operating expenses surged by 38% to $67.2 million, leading to an operating income drop of 92% to $1.6 million. Year-over-year, the company's financial performance was similarly negative, with a net loss of $3.2 million for 2022 compared to a profit of $41.5 million in 2021. The first quarter of 2023 forecasts revenue to be flat or down by 2% versus last year, amid rising operating expenses.
Salem Media Group (NASDAQ: SALM) has acquired George Gilder’s investment newsletters, including Gilder’s Technology Report and Gilder’s Moonshots. This acquisition enhances Eagle Financial Publications' offerings, providing insights from Gilder and his expert team. Gilder, a well-known investor and economist, has published over 20 bestselling books and is recognized for his foresight in technological trends. The acquisition is expected to deepen the company's portfolio of investment newsletters and trading services, catering to a national audience across various media platforms.
Salem Media Group (NASDAQ: SALM) announced plans to report its fourth quarter 2022 financial results after market close on March 8, 2023. A teleconference discussing the results will follow at 4:00 PM Central Time on the same day, accessible by calling (888) 770-7291 or via webcast. A replay will be available until March 22, 2023. Salem Media Group focuses on Christian and conservative content, reaching millions of dedicated listeners and readers daily.
Salem Media Group (NASDAQ: SALM) has announced an irrevocable notice of redemption for its outstanding 6.75% Senior Secured Notes due 2024, totaling
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