Salem Media Group, Inc. operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio networks, which produce and distribute talk, news, website, satellite services, and music networking to radio stations, as well as sells commercial airtime. It also provides Christian, conservative, investing content, e-commerce, audio and video streaming, and other resources digitally through Christian content websites, including BibleStudyTools.com, Crosswalk.com, GodVine.com, iBelieve.com, GodTube.com, OnePlace.com, Christianity.com, GodUpdates.com, CrossCards.com, ChristianHeadlines.com, LightSource.com, AllCreated.com, ChristianRadio.com, CCMmagazine.com, SingingNews.com, and SouthernGospel.com; and conservative opinion websites, such as Townhall.com, HotAir.com, Twitchy.com, RedState.com, BearingArms.com, ConservativeRadio.com, and pjmedia.com, as well as mobile applications. In addition, the company publishes digital newsletters that provide market analysis and non-individualized investment strategies; and operates Church product websites comprising SermonSearch.com, ChurchStaffing.com, WorshipHouseMedia.com, SermonSpice.com, WorshipHouseKids.com, Preaching.com, ChristianJobs.com, Youthworker.com, Childrens-Ministry-Deals.com, JourneyBoxMedia.com, Hyperpixels.com, and Playblackmedia.com that offer resources to churches and ministries. Further, it offers publication of conservative, Christian, and history books; Xulon Press, a print-on-demand self-publishing service; Mill City Press that publishes books; and Singing News print magazine, as well as provides digital marketing services. The company was formerly known as Salem Communications Corporation and changed its name to Salem Media Group, Inc. in February 2015. Salem Media Group, Inc. was incorporated in 1986 and is based in Irving, Texas.
IPO Year: 1999
Exchange: NASDAQ
Website: salemmedia.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/8/2022 | $6.00 | Buy | EF Hutton |
12/22/2021 | $6.00 | Buy | Spartan Securities Group |
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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 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
Salem Media Group, Inc. (OTCQX:SALM) announced today the promotion of Laura Sheaffer as General Manager of WNYM-AM 970 the Answer, WMCA-AM 570 The Mission and of Salem Surround in New York. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109507839/en/Laura Sheaffer (Photo: Business Wire) For the past ten years, Sheaffer has served the New York market in various capacities, most recently as General Sales Manager. Salem Media Group, Senior Vice President Jeff Reisman commented, "As we worked to fill the big shoes that Jerry Crowley has worn for the past twelve years, Laura's proven track record, competitive spirit, passion to ex
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 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 a multi-year contract extension of legendary talk show host and Saturday Night Live superstar, Joe Piscopo for morning drive hosting on AM 970 The Answer in New York City weekdays 6-10am ET. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217338455/en/Joe Piscopo (Photo: Business Wire) Joe Piscopo's celebrity may be anchored by his Saturday Night Live fame on the popular NBC program from 1980-84, but his acclaim has grown exponentially through his career as local news talk host in the nation's top market since 2014. "Joe Piscopo joining our lineup was one of the best thing
Salem Media Group, Inc. (OTCQX:SALM) announced today that SeniorResource.com, a leading resource platform for seniors, retirees, and caregivers, released the publication of "Top 99 Best Retirement and Senior Living Resources Near Cleveland" by author Jennifer Otto. This comprehensive guide is available for purchase on Amazon.com. It helps seniors and caregivers find the best housing options, meal services, assisted living facilities, and other essential resources in Cleveland and around northeast Ohio. "This guide reflects SeniorResource.com's commitment to empowering seniors in Cleveland, Ohio, with the information they need to make informed choices about their retirement and living si
Salem Media Group, Inc. (OTCQX:SALM) announced today two lineup changes on Salem Radio Network ("SRN") and Salem News Channel ("SNC") that will occur starting Monday, January 13th. Longtime SRN/SNC host Hugh Hewitt will be moving his popular morning program to afternoons, 3 to 6pm ET, replacing Dr. Sebastian Gorka, who is joining the Trump team at the White House. Gorka will be finishing up a 6-year stint in afternoons, to become President Trump's new Deputy Assistant to the President and Senior Director for Counterterrorism. President Trump lauded Dr. Gorka as "a tireless advocate for the America First Agenda and the MAGA Movement." Hewitt will be replaced in the mornings, 6-9am ET, wi
Salem Media Group, Inc. (OTCQX:SALM) announced today that SalemNOW, the leading Conservative and Christian streaming service, is now streaming the explosive documentary from Dr. Robert Marbut Jr., Fentanyl: Death Incorporated. An exclusive SalemNOW pre-release, Fentanyl: Death Incorporated is the most comprehensive documentary ever produced on the Fentanyl crisis. Fentanyl: Death Incorporated provides an in-depth exploration of the most dangerous drug created of all time. Through interviews with international intelligence operatives, law enforcement officials, medical professionals, policymakers, and affected families, Fentanyl: Death Incorporated uncovers the truth behind Fentanyl. F
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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. (the "company") (NASDAQ:SALM) released its results for the three and nine months ended September 30, 2023. Third Quarter 2023 Results For the three months ended September 30, 2023 compared to the three months ended September 30, 2022: Consolidated Total revenue decreased 5.0% to $63.5 million from $66.9 million; Total operating expenses increased 31.9% to $99.8 million from $75.6 million; Operating expenses, excluding stock-based compensation expense, debt modification costs, gains and losses on the sale or disposition of assets, impairments, depreciation expense and amortization expense (1) increased 0.2% to $61.0 million from $60.8 million; Operat
Salem Media Group, Inc. (the "company") (NASDAQ:SALM) released its results for the three and six months ended June 30, 2023. Second Quarter 2023 Results For the three months ended June 30, 2023 compared to the three months ended June 30, 2022: Consolidated Total revenue decreased 4.2% to $65.8 million from $68.7 million; Total operating expenses increased 13.9% to $69.9 million from $61.4 million; Operating expenses, excluding stock-based compensation expense, debt modification costs, gains and losses on the sale or disposition of assets, impairments, depreciation expense and amortization expense (1) increased 5.2% to $63.1 million from $60.0 million; The company had an op
Salem Media Group, Inc. (the "company")(NASDAQ:SALM) released its results for the three months ended March 31, 2023. First Quarter 2023 Results For the three months ended March 31, 2023 compared to the three months ended March 31, 2022: Consolidated Total revenue increased 1.4% to $63.5 million from $62.6 million; Total operating expenses increased 17.4% to $67.7 million from $57.6 million; Operating expenses, excluding stock-based compensation expense, debt modification costs, gains and losses on the sale or disposition of assets, impairments, depreciation expense and amortization expense (1) increased 11.4% to $62.1 million from $55.8 million; The company had an operatin
Salem Media Group, Inc. (NASDAQ:SALM) released its results for the three and twelve months ended December 31, 2022. Fourth Quarter 2022 Results For the quarter ended December 31, 2022 compared to the quarter ended December 31, 2021: Consolidated Total revenue decreased 0.5% to $68.8 million from $69.1 million; Total operating expenses increased 38.0% to $67.2 million from $48.7 million; Operating expenses, excluding stock-based compensation expense, debt modification costs, gains and losses on the sale or disposition of assets, legal settlement, impairments, depreciation expense and amortization expense (1) increased 5.7% to $61.6 million from $58.3 million; Operating income decr
Salem Media Group, Inc. (NASDAQ:SALM) released its results for the three and nine months ended September 30, 2022. Third Quarter 2022 Results For the quarter ended September 30, 2022 compared to the quarter ended September 30, 2021: Consolidated Total revenue increased 1.3% to $66.9 million from $66.0 million; Total operating expenses increased 50.7% to $75.6 million from $50.2 million; Operating expenses, excluding stock-based compensation expense, debt modification costs, gains and losses on the sale or disposition of assets, legal settlement, impairments, depreciation expense and amortization expense (1) increased 10.3% to $60.8 million from $55.2 million; The company had an o
Salem Media Group, Inc. (NASDAQ:SALM) released its results for the three and six months ended June 30, 2022. Second Quarter 2022 Results For the quarter ended June 30, 2022 compared to the quarter ended June 30, 2021: Consolidated Total revenue increased 7.7% to $68.7 million from $63.8 million; Total operating expenses increased 5.5% to $61.4 million from $58.1 million; Operating expenses, excluding gains or losses on the disposition of assets, stock-based compensation expense, debt modification costs, impairments, depreciation expense and amortization expense (1) increased 10.7% to $60.9 million from $55.0 million; The company's operating income increased 29.9% to $7.3 million
Salem Media Group, Inc. (NASDAQ:SALM) released its results for the three months ended March 31, 2022. First Quarter 2022 Results For the quarter ended March 31, 2022 compared to the quarter ended March 31, 2021: Consolidated Total revenue increased 5.5% to $62.6 million from $59.4 million; Total operating expenses increased 4.8% to $57.6 million from $55.0 million; Operating expenses, excluding gains or losses on the disposition of assets, stock-based compensation expense, changes in the estimated fair value of contingent earn-out consideration, impairments, depreciation expense and amortization expense (1) increased 8.4% to $55.8 million from $51.4 million; Operating income incr
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
Salem Media Group, Inc. (OTCQX:SALM) announced today that Salem News Channel has launched on Pluto TV. This new partnership with Pluto TV, one of the largest FAST channel platforms and streaming TV distributors, will significantly increase SNC's audience reach. Cary Pahigian, Vice President & General Manager of Salem News Channel, said, "Pluto TV has established itself as one of the leading channels for free, ad-supported television. We are pleased to have been invited to join their impressive line-up. SNC is now among the fastest growing TV news channels in America, and Pluto TV will quickly accelerate our further growth." Salem News Channel, a Salem Media Group company, is a 24/7 news
Salem Media Group, Inc. (OTCQX:SALM) announced Christian Kligora as the new West Region Digital Sales Director on its digital marketing firm, Salem Surround. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240523736968/en/Christian Kligora (Photo: Business Wire) Christian brings a wealth of digital marketing and operational experience to Salem with his work for Marketron where he served in an executive leadership position driving business development. Prior to that, Christian had over a decade of building teams and driving revenue and operational growth for Gannett's Local IQ and its predecessor, ReachLocal where he oversaw the g
Salem Media Group, Inc. (NASDAQ:SALM) announced today that Lara Trump is bringing her podcast "The Right View" to the Salem Podcast Network and will be delivering podcasts three days a week beginning January 16th. Her podcast will deal with issues of the day and include interviews with knowledgeable hosts on those topics. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240104979527/en/Lara Trump (Photo: Business Wire) "Lara Trump is a true star in conservative political circles, and has developed a fan base of millions," said Salem Senior Vice President of Spoken Word, Phil Boyce. "She is committed to doing her part to save Ameri
Salem Media Group, Inc. (NASDAQ:SALM) announced today that "Grace and Truth with Owen Strachan" will join the Salem Podcast Network, effective October 3, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231003002900/en/Owen Strachan (Photo: Business Wire) The podcast will be hosted by Owen Strachan, provost and research professor of Theology at Grace Bible Theological Seminary. Strachan is the author of twenty books, including his latest The War on Men: Why Society Hates Them and Why We Need Them, which has just been released by Salem Books. Each week, three episodes of "Grace and Truth" will be released. "Salem Podcast Ne
Salem Media Group, Inc. (NASDAQ:SALM) announced today the appointment of Carolyn Cassidy as General Manager of its five-station radio group and of Salem Surround in Tampa and Sarasota, Florida. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230428005490/en/Carolyn Cassidy (Photo: Business Wire) Cassidy is currently the General Manager of Salem's Columbus, OH operation, she will retain those responsibilities in addition to her new role as GM in Tampa/Sarasota. In her extensive broadcasting background, Cassidy has served in sales leadership and General Management roles in Colorado Springs, Denver, Cape Cod, Vermont and Ohio. Carol
Salem Media Group, Inc. (NASDAQ:SALM) announced today the appointment of long-time Miami broadcast executive Monica Rabassa as Vice President and General Manager of its soon to be acquired cluster of radio stations in Miami. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221214005990/en/Monica Rabassa (Photo: Business Wire) Rabassa comes to Salem after more than 20 years in executive positions with Univision. Prior to joining Univision, she was Marketing Research Director for Cisneros Television Group. Rabassa's career highlights also include being named "Woman of the Year" by the Association of Women in Communications, and "Radi
Salem Media Group, Inc. (NASDAQ:SALM) announced today that Tom Moyer, General Manager of Salem Media Group's cluster of stations in Washington, D.C. will retire at the end of the year. Tom is a 30-year veteran of the Salem DC management team, playing a major role in the growth and development of the cluster. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221129005919/en/David Howard (Photo: Business Wire) Salem Media Group Chief Executive Officer Dave Santrella commented, "Our cluster of stations in Washington DC, and particularly WAVA-FM, are crown jewels in Salem's portfolio of stations. Tom Moyer has been a tremendous leader f