EF Hutton initiated coverage on Salem Media Group with a new price target
$SALM
Broadcasting
Consumer Discretionary
EF Hutton initiated coverage of Salem Media Group with a rating of Buy and set a new price target of $6.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2022 | $6.00 | Buy | EF Hutton |
| 12/22/2021 | $6.00 | Buy | Spartan Securities Group |
Salem Media Group, Inc. (OTCQX:SALM) announced today the retirement of Terry Fahy, a respected broadcast executive whose remarkable 43-year career with the company has shaped Christian media and local communities across the West Coast. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250520870831/en/Terry Fahy Terry began his career with Salem in 1982 as General Manager of KDAR-FM and quickly rose through the ranks to hold key leadership roles that have defined multiple generations of Christian radio. His roles have included General Sales Manager at KKLA-FM, Market Manager for Los Angeles, and Regional Vice President overseeing maj
Salem Media Group, Inc. (OTCQX:SALM) announced today its first quarter 2025 Quarterly Report has been posted on its investor relations website. 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
Salem Media Group, Inc. (OTCQX:SALM) announced today that Salem Radio Network ("SRN") host Dennis Prager will be delayed in his return to the airwaves, due to a setback in his recovery from a spinal cord injury. In the meantime, SRN will continue the Jack Posobiec show in the 2pm ET hour, 11am PT. Jack has done a fabulous job there for months. SRN transitioned Charlie Kirk into the Dennis Prager hours of Noon to 2pm ET on March 31st, one month ago. While it is nearly impossible to replace an icon like Dennis, our affiliates have made that transition work. Listeners love the Charlie Kirk show, while at the same time are missing Dennis. We will continue to keep watching the recovery for Den
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Salem Media Group, Inc. (OTCQX:SALM) announced today the retirement of Terry Fahy, a respected broadcast executive whose remarkable 43-year career with the company has shaped Christian media and local communities across the West Coast. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250520870831/en/Terry Fahy Terry began his career with Salem in 1982 as General Manager of KDAR-FM and quickly rose through the ranks to hold key leadership roles that have defined multiple generations of Christian radio. His roles have included General Sales Manager at KKLA-FM, Market Manager for Los Angeles, and Regional Vice President overseeing maj
Salem Media Group, Inc. (OTCQX:SALM) announced today the appointment of Richard von Gnechten and Jim Renacci to its Board of Directors, effective January 7, 2025. Messrs. von Gnechten and Renacci will stand for election to serve a full term on the Board of Directors at the 2025 Annual Meeting of Stockholders. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250107626838/en/Richard von Gnechten (Photo: Business Wire) Salem Media Group's Executive Chairman, Edward G. Atsinger III, offered the following comment on these Board appointments: "I am delighted that Messrs. von Gnechten and Renacci have agreed to serve on Salem's Board of
Salem Media Group, Inc. (OTCQX:SALM) announced today the appointment of Brad Parscale as the company's Chief Strategy Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250106008891/en/Brad Parscale (Photo: Business Wire) Parscale will contribute his innovative mindset, political experience, network, and technical insight to the expanding Salem Media Group mission and digital initiatives in this new role. Brad Parscale is a leading expert in digital marketing and online strategy, renowned for driving growth. As a digital architect and entrepreneur, Parscale has built and scaled companies through data-driven advertising, s
EF Hutton initiated coverage of Salem Media Group with a rating of Buy and set a new price target of $6.00
Spartan Securities Group initiated coverage of Salem Media Group with a rating of Buy and set a new price target of $6.00
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4 - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Issuer)
4 - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Issuer)
Salem Media Group, Inc. (OTCQX:SALM) announced today that it has entered into a series of transactions pursuant to which it has repurchased all $159.4 million of its outstanding 7.125% Senior Secured Notes due 2028 (the "2028 Notes") at a $37.1 million discount, including accrued interest, has issued $40 million of a new series of convertible preferred stock, and has agreed to sell seven radio stations and enter into a marketing agreement for total consideration of $90 million. David Santrella, Salem's Chief Executive Officer said, "Upon the closing of these three transactions, we will have transformed and significantly improved Salem's balance sheet and capital structure. With the except
Salem Media Group, Inc. (OTCQX:SALM) announced today the sale of its principal office in Camarillo, California to Eclipse RE Holdings, LLC for $5.5 million, closing on May 1, 2024. Salem will leaseback the building for five years, an approximate 41,546 square foot building situated on approximately 121,532 (2.79 acres) square feet of CPD zoned land. 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. Wi
Salem Media Group, Inc. (NASDAQ:SALM) announced today that it has reached an agreement with Skyhorse Publishing to sell Regnery Publishing. The company expects to close the transaction by the end of the year. David Evans, Chief Operating Officer of Salem Media, said, "We are thrilled to pass the torch of the oldest and most respected conservative publishing company in America to Free Speech advocate Tony Lyons and his incredibly successful Skyhorse Publishing. Salem is committed to the dissemination of conservative ideas and is excited that Skyhorse will both be a powerful steward of this important brand and an engine for its future growth." Tony Lyons, President and Publisher of Skyhor