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) announced its participation in the 17th annual Singular Research Best of the Uncovered Investor Conference in San Francisco on December 8, 2022, at 3:45 PM Central Time. Investors can access the presentation via the investor relations section of the company’s website at www.salemmedia.com prior to the event. Singular Research focuses on providing independent research on small-to-micro cap companies, offering honest advice without financial conflicts.
Salem Media Group (NASDAQ: SALM) announces the launch of a new podcast, Timeless with Julie Hartman, premiering this week on the Salem Podcast Network. The show will air Tuesday to Friday at 4 PM ET on YouTube and in podcast form. Julie Hartman, a Harvard graduate and current co-host on another program, aims to revive the discussion about civilization's values beyond politics. Salem Podcast Network ranks #11 on Triton Digital's podcast ranker, achieving up to 17 million downloads monthly across 25 podcasts.
Salem Media Group (NASDAQ: SALM) announced the launch of the Answers for Elders podcast on SeniorResource.com, hosted by Suzanne Newman. This podcast aims to provide support and education to families navigating eldercare, featuring experts in various fields. Newman, a former advertising executive, shares insights from her personal caregiving journey. The collaboration with Senior Resource Podcast Network intends to enhance resources available to families in need.
Salem Media Group (Nasdaq: SALM) reported Q3 2022 results showing a 1.3% revenue increase to $66.9 million, yet faced a severe 50.7% rise in operating expenses, totaling $75.6 million. This resulted in an operating loss of $8.8 million, down from an operating income of $15.8 million in Q3 2021. The net loss was $11.9 million, equating to $0.44 per share, compared to a net income of $22.1 million in the previous year. The company anticipates a 3%-5% revenue decline in Q4 2022.
Salem Media Group (NASDAQ: SALM) will announce its third quarter 2022 financial results after market close on November 3, 2022. A teleconference will follow at 4:00 p.m. Central Time, accessible by dialing (888) 770-7291 or via webcast. A replay will be available until November 17, 2022, using (800) 770-2030 with the PIN 2413416. Salem Media is a prominent multimedia company focused on Christian and conservative content, reaching millions nationwide.
Salem Media Group (NASDAQ: SALM) will present at the Annual LD Micro Main Event XV investor conference on October 26, 2022, at 4:00 P.M. Central Time. The presentation will be accessible through the investor relations section of their website.
LD Micro, established in 2006, is a key player in the microcap investment space, and was acquired by SRAX in September 2020. Salem Media specializes in Christian and conservative content, reaching millions through its diverse media properties.
Salem Media Group (NASDAQ: SALM) has launched a new podcast called Medicare Moments on SeniorResource.com, aimed at assisting Americans approaching retirement with understanding Medicare. Hosted by Medicare expert Toni King, the podcast airs weekly, providing insights, tips, and strategies for personalized Medicare planning. Toni emphasizes the importance of knowledge in navigating Medicare effectively. This initiative is part of Salem’s broader strategy to engage its audience with valuable content relevant to the 55+ community.
Salem Media Group (NASDAQ: SALM) has announced an agreement to purchase the assets of two Miami radio stations, WWFE AM 670 and WRHC AM 1550, expanding its reach in Spanish-language broadcasting. The transaction, involving Fenix Broadcasting Corporation, aims to continue the stations' existing Spanish formats. Executive Chairman Edward Atsinger highlighted the importance of serving South Florida's Spanish-speaking community, especially given the recent passing of Fenix's founder. The deal, filed with the FCC, is expected to close in early 2023.
Salem Media Group (NASDAQ: SALM) has reached an agreement to acquire the assets of WMYM AM 990 and FM 98.7 from Actualidad Media Group. This strategic move aims to expand Salem's conservative programming to the Spanish-speaking audience in Miami, marking a significant growth opportunity in a key market. Salem's history in Spanish-language broadcasting dates back to 1984. The transaction is expected to close around early 2023, pending FCC approval. This acquisition will bolster Salem’s existing network of over 100 radio stations and enhance its reach, which currently exceeds 11 million listeners.
Salem Media Group (NASDAQ: SALM) has launched SeniorResource.com, a website tailored for aging adults, retirees, and caregivers, featuring expert articles and resource directories. The site, acquired by Eagle Financial Publications, aims to provide valuable information relevant to the 55+ community, including topics such as senior housing and caregiving. Additionally, a new podcast network and a weekly newsletter, Senior Resource Today, have been introduced to further support this demographic with timely resources and expert advice.
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