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Salem Media Group Announces Sale of Remaining Honolulu, Hawaii Radio Stations

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Salem Media Group (OTCQX: SALM) has announced the sale of its remaining radio stations and digital assets in Honolulu, Hawaii to Malama Media Group. The buyer intends to maintain all current radio station formats, including Christian Teach and Talk and Conservative News Talk formats.

Malama Media Group, led by General Managing Partner Monroe D. Greer, expressed commitment to continuing Salem's legacy while serving the Hawaiian community with biblical values-based programming. The transaction will be finalized upon receiving FCC final order approval.

Salem Media Group (OTCQX: SALM) ha annunciato la vendita delle sue ultime stazioni radio e beni digitali a Honolulu, Hawaii a Malama Media Group. L'acquirente intende mantenere tutti i formati attuali delle stazioni radio, inclusi i formati Christian Teach and Talk e Conservative News Talk.

Malama Media Group, guidato dal Partner Generale Monroe D. Greer, ha espresso il suo impegno a continuare l'eredità di Salem, servendo la comunità hawaiana con una programmazione basata su valori biblici. La transazione sarà finalizzata al ricevimento dell'approvazione finale dell'FCC.

Salem Media Group (OTCQX: SALM) ha anunciado la venta de sus estaciones de radio restantes y activos digitales en Honolulu, Hawái a Malama Media Group. El comprador tiene la intención de mantener todos los formatos actuales de las estaciones de radio, incluidos los formatos Christian Teach and Talk y Conservative News Talk.

Malama Media Group, liderado por el Socio Gerente General Monroe D. Greer, expresó su compromiso de continuar el legado de Salem mientras sirve a la comunidad hawaiana con programación basada en valores bíblicos. La transacción se finalizará al recibir la aprobación final de la FCC.

세일럼 미디어 그룹 (OTCQX: SALM)하와이 호놀룰루에 있는 남은 라디오 방송국과 디지털 자산을 말라마 미디어 그룹에 판매한다고 발표했습니다. 구매자는 Christian Teach and Talk 및 Conservative News Talk 형식을 포함하여 모든 현재 라디오 방송국 형식을 유지할 계획입니다.

말라마 미디어 그룹은 제너럴 매니징 파트너인 몬로 D. 그리어가 이끌고 있으며, 하와이 커뮤니티에 성경적 가치 기반 프로그램을 제공하며 세일럼의 유산을 계속 이어가겠다는 의지를 표명했습니다. 이 거래는 FCC의 최종 승인 주문을 받은 후 완료될 것입니다.

Salem Media Group (OTCQX: SALM) a annoncé la vente de ses stations de radio restantes et de ses actifs numériques à Honolulu, Hawaï, à Malama Media Group. L'acheteur a l'intention de maintenir tous les formats de stations de radio actuels, y compris les formats Christian Teach and Talk et Conservative News Talk.

Malama Media Group, dirigé par le partenaire général Monroe D. Greer, a exprimé son engagement à poursuivre l'héritage de Salem tout en servant la communauté hawaïenne avec une programmation basée sur des valeurs bibliques. La transaction sera finalisée après avoir reçu l'approbation finale de la FCC.

Salem Media Group (OTCQX: SALM) hat den Verkauf seiner verbleibenden Radiosender und digitalen Vermögenswerte in Honolulu, Hawaii an die Malama Media Group bekannt gegeben. Der Käufer beabsichtigt, alle aktuellen Formate der Radiosender beizubehalten, einschließlich der Formate Christian Teach and Talk und Conservative News Talk.

Die Malama Media Group, geleitet von dem geschäftsführenden Partner Monroe D. Greer, hat ihr Engagement zum Ausdruck gebracht, das Erbe von Salem fortzuführen und der hawaiianischen Gemeinschaft Programme anzubieten, die auf biblischen Werten basieren. Die Transaktion wird nach Erhalt der endgültigen Genehmigung durch die FCC abgeschlossen.

Positive
  • Asset monetization through sale of non-core market stations
  • Strategic market exit while preserving station formats and brand legacy
Negative
  • Reduction in market presence and revenue-generating assets
  • Complete exit from the Honolulu market indicating market share loss

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (OTCQX: SALM) announced today the sale of their remaining radio stations and digital assets in Honolulu, Hawaii to Malama Media Group. Malama intends to keep all radio stations in their present formats.

Salem CEO, David Santrella, said, “While Salem closes our chapter in Honolulu, I am thrilled to know that these stations are going to a buyer that has a shared passion for the formats we have there and plans to keep those formats intact, particularly the Christian Teach and Talk and Conservative News Talk formats.”

Monroe D. Greer, General Managing Partner for Malama Media Group, said, “Malama Media Group is thrilled and honored to serve Honolulu and continue the rich legacy established by Salem Media Group. We are highly committed to building a strong family of radio stations that serve our listeners and advertisers well, rooted in strong biblical values and a deep love for the community we serve. Our mission is to meet the needs both physical and spiritual of the Hawaiian community and beyond while reflecting Christ's love in all we do. We are humbled and excited to become part of the Hawaiian Ohana and look forward to this exciting new chapter.”

The sale of the stations will close on FCC final order.

About Salem Media Group, Inc.:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners, readers and viewers numbering in the millions nationally. With its unique content focus, Salem provides compelling audio and video programming, text content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com.

Company Contact:

Evan D. Masyr

Executive Vice President and Chief Financial Officer

(805) 384-4512

evan@salemmedia.com

Source: Salem Media Group, Inc.

FAQ

What assets is Salem Media Group (SALM) selling in Honolulu?

Salem Media Group is selling its remaining radio stations and digital assets in Honolulu, Hawaii to Malama Media Group.

Will Malama Media Group change the formats of the acquired SALM radio stations?

No, Malama Media Group intends to keep all radio stations in their present formats, including Christian Teach and Talk and Conservative News Talk.

When will the SALM Honolulu station sale be completed?

The sale will close upon receiving FCC final order approval.

Who is purchasing Salem Media Group's Honolulu radio stations?

Malama Media Group, led by General Managing Partner Monroe D. Greer, is purchasing the Honolulu radio stations.
Salem Media

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