Salem Media Statement

Rhea-AI Summary

Salem Media Group (OTCQX: SALM) has issued a statement regarding the film and book '2000 Mules,' which examines allegations of voter fraud in the 2020 presidential election. The Georgia Bureau of Investigation has cleared Mr. Andrews of any illegal voting activity depicted in the film. Salem Media apologizes for any harm caused and has removed the film from its platforms, discontinuing its future distribution. Salem Media specializes in Christian and conservative content across radio, digital media, and publishing, serving a large national audience daily.

Positive

• Salem Media specializes in a niche market of Christian and conservative content, ensuring a dedicated and loyal audience.
• By quickly responding to the Georgia Bureau of Investigation's findings and removing the film, Salem Media minimizes potential legal and reputational risks.
• Salem Media's diverse media properties, including radio, digital media, and publishing, provide multiple revenue streams.

Negative

• The removal of '2000 Mules' could result in a financial loss due to discontinued sales and distribution.
• The incident may damage Salem Media's reputation and trust with its audience.
• Potential legal repercussions or lawsuits from the individuals featured in the film could lead to financial liabilities.

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. has made the following statement:

Salem Media Group, Inc.’s (OTCQX: SALM) former publishing division, Regnery Publishing (together, “Salem”), published a film and book entitled 2000 Mules that examines allegations of voter fraud related to the 2020 presidential election. In publishing the film and the book, we relied on representations made to us by Dinesh D’Souza and True the Vote, Inc. (“TTV”) that the individuals depicted in the videos provided to us by TTV, including Mr. Andrews, illegally deposited ballots. We have learned that the Georgia Bureau of Investigation has cleared Mr. Andrews of illegal voting activity in connection with the event depicted in 2000 Mules.

It was never our intent that the publication of the 2000 Mules film and book would harm Mr. Andrews. We apologize for the hurt the inclusion of Mr. Andrews’ image in the movie, book, and promotional materials have caused Mr. Andrews and his family. We have removed the film from Salem’s platforms, and there will be no future distribution of the film or the book by Salem.

ABOUT SALEM MEDIA GROUP:

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 and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240531275774/en/

Evan D. Masyr

Executive Vice President and Chief Financial Office

(805) 384-4512

evan@salemmedia.com

Source: Salem Media Group, Inc.

FAQ

What is the latest update on Salem Media Group's film '2000 Mules'?

Salem Media Group has removed the film '2000 Mules' from its platforms after the Georgia Bureau of Investigation cleared Mr. Andrews of any illegal voting activity depicted in the film.

Why did Salem Media Group remove '2000 Mules'?

Salem Media Group removed '2000 Mules' after the Georgia Bureau of Investigation cleared Mr. Andrews of any illegal voting activity, and to avoid further harm and potential legal risks.

What impact might the removal of '2000 Mules' have on Salem Media's stock (SALM)?

The removal of '2000 Mules' could lead to a financial loss from discontinued sales and potential reputational damage, possibly affecting SALM's stock negatively.

How does Salem Media Group serve its audience?

Salem Media Group serves its audience through Christian and conservative content across radio, digital media, and book publishing, reaching millions of listeners and readers daily.