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 |
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
4 - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Issuer)
4 - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Issuer)
4 - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Issuer)
D - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Filer)
D - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Filer)
D - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Filer)
Salem Media Group, Inc. (OTCQX:SALM) announced today, in a landmark move to advance its mission of spreading the Gospel across America, it has launched a powerful new Christian Teaching and Talk radio presence in South Florida, bringing biblical truth, teaching, and encouragement to more than 7.5 million people across the region. "This is more than a station launch—it's a calling fulfilled," said David Santrella, Chief Executive Officer of Salem Media Group. "Miami has long been underserved by strong, consistent Christian broadcast content. Salem was called to fill that gap. This expansion is a bold step in our mission to proclaim the Good News through every available channel." This mar
Salem Media Group, Inc. (OTCQX:SALM) announced today that GodTube, the trusted destination for uplifting, family-friendly entertainment, is officially launching GodTube Music, a dynamic new platform dedicated to Christian music news, artist interviews, and exclusive live performances. Launched on March 1st, GodTube Music is already resonating with audiences across the world. GodTube Music, a proud member of the GodTube.com family, is rapidly establishing itself as the premier daily source for Christian music enthusiasts. It's the place to be for first looks at new song and music video releases, timely updates on both established and emerging artists, plus exclusive performances and artist
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
SC 13G/A - SALEM MEDIA GROUP, INC. /DE/ (0001050606) (Subject)
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