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 |
SC 13G/A - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Subject)
Salem Media Group, Inc. (OTCQX:SALM) announced today the transfer of ownership of the Today's Christian Music and Today's Worship Music networks to the Christian FM Media Group. This transfer has provided seamless programming services to continue for all Salem Music affiliates as Christian FM Media assumed network operations on February 1. The Salem Music Networks were affected by the recent divestiture of Salem's Contemporary Christian Music ("CCM") stations. Concerned for the programming needs of affiliates, Salem sought out Christian FM to ensure that affiliates continued to have the highest quality programming content available. The transfer announced today offers affiliates the option
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 that Your Nightly Prayer joined LifeAudio's line-up of faith-based content. The Your Nightly Prayer podcast brings nightly peace and spiritual reflection to listeners, offering heartfelt devotionals and prayers to help them end their day in conversation with God. Created by the team behind Crosswalk.com, the podcast provides a unique way for Christians to find comfort, guidance, and connection with God every night. With its focus on helping listeners embrace stillness and deepen their faith, Your Nightly Prayer joins LifeAudio's established lineup of faith-based centered resources, devotionals, and inspirational content for an engaged C
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8-K - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Filer)
S-8 POS - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Filer)
4 - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Issuer)
4 - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Issuer)
4 - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Issuer)
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
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
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
Salem Media Group, Inc. (OTCQX:SALM) announced today that SalemNOW, the leading Conservative and Christian streaming service, has released David Bossie's film: Trump's Rescue Mission: Saving America. A brilliant film producer and conservative powerhouse, David N. Bossie has led Citizens United for over 20 years and produced nearly 30 award-winning films. Bossie has served as Deputy Campaign Manager for Donald J. Trump for President and was the Deputy Executive Director for the Trump Transition Team. This year, he co-chaired the Republican National Convention in Milwaukee. Bossie's dynamic vision is fulfilled in his newest film – Trump's Rescue Mission: Saving America. Trump's Rescue Missi