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 that Mike Crispi Unafraid joined the Salem Podcast Network on January 9, 2023. The podcast, which began in 2022, releases episodes daily, hosted by Mike Crispi, an experienced television reporter and political operative. Crispi expressed excitement about collaborating with Salem Media, praising their programming vision. The Salem Podcast Network, launched in January 2021, ranks as the 11th most listened to podcast network on Triton Digital, boasting over 17 million average downloads monthly.
Salem Media Group (NASDAQ: SALM) has announced the addition of the Scott and Sam Show to its Salem Music Network, set for daily syndication starting January 2, 2023. Scott and Sam, who have hosted a morning show on KFSH-FM in Los Angeles for six years, expressed enthusiasm for reaching a broader audience. The show's content will be available for distribution by FTP download. Salem Music Network aims to harness top talent within its network to benefit external stations, highlighting Scott and Sam's popularity in their current markets.
Salem Media Group (NASDAQ: SALM) announces the promotion of John Gallagher to General Manager in Chicago effective January 1, 2023. Gallagher, who previously served as General Manager in Little Rock, is expected to leverage his extensive radio management experience in the Chicago market. He will provide oversight to Little Rock during the transition. Gallagher's background includes leadership roles at Nextstar, Hubbard Broadcasting, and Cumulus Chicago, emphasizing his qualifications for this role. The company continues to focus on its mission-driven approach in serving its audience.
Salem Media Group (NASDAQ: SALM) has appointed Monica Rabassa as Vice President and General Manager of its upcoming radio stations in Miami. Rabassa brings over 20 years of experience from Univision and a strong background in Spanish-language media. She has received numerous accolades, including "Woman of the Year" by the Association of Women in Communications and recognition as one of the "Most Influential Women in Radio." Salem aims to enhance its connection with the South Florida community, emphasizing the importance of quality programming for Spanish-speaking audiences.
Salem Media Group (NASDAQ: SALM) announces the retirement of Tom Moyer, General Manager of its Washington, D.C. stations, effective year-end. Moyer, a 30-year veteran, significantly contributed to the station's growth. His successor is David Howard, promoted from General Sales Manager, with Chuck Olmstead taking on the Station Manager role for WAVA-AM/FМ. Moyer will assist during the transition. Executives highlight Moyer's leadership and commitment to the company's principles, aiming for continued success under the new management.
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.
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