Welcome to our dedicated page for Salem Media news (Ticker: SALM), a resource for investors and traders seeking the latest updates and insights on Salem Media stock.
Salem Media Group Inc. (SALM) reports developments across its Christian and conservative media operations, including national radio programming, local station lineups, digital audio, streaming television and publishing brands. Recurring updates include Salem Radio Network hosts, WMCA and other station programming, Salem Podcast Network launches, and distribution expansion for Salem News Channel on connected-TV and free ad-supported streaming platforms.
Company news also covers annual reporting, media-industry recognition, Christian broadcasting awards and cross-platform content initiatives that connect Salem personalities, radio affiliates, digital properties and streaming channels.
Salem Media Group, Inc. (NASDAQ: SALM) announced the launch of the podcast Senior Fitness with Meredith, hosted by AFAA-certified trainer Meredith Chen. This weekly show focuses on wellness subjects significant to seniors, including physical fitness, mental health, and nutrition. Chen aims to raise awareness and provide valuable insights to an underserved demographic. The podcast joins Salem's existing financial content platforms, enhancing its reach to the 55+ community. This initiative reflects Salem's commitment to delivering relevant content while potentially expanding its audience in the growing senior market.
Salem Media Group (NASDAQ: SALM) has launched the podcast Retirement for Real, aimed at educating retirees on making prudent financial decisions. Host Lena Armuth emphasizes simplifying investing to make it accessible to everyone. The podcast is featured on SeniorResource.com, which aligns with Armuth's goal of empowering retirees with knowledge about personal finance. The initiative seeks to provide practical advice rather than complex solutions, augmenting Salem's existing portfolio of investment resources including RetirementWatch.com and StockInvestor.com.
Salem Media Group (Nasdaq: SALM) reported a net loss of $2.2 million for Q4 2022, a decline from the previous year's $16.8 million profit. Total revenue decreased slightly by 0.5% to $68.8 million. Operating expenses surged by 38% to $67.2 million, leading to an operating income drop of 92% to $1.6 million. Year-over-year, the company's financial performance was similarly negative, with a net loss of $3.2 million for 2022 compared to a profit of $41.5 million in 2021. The first quarter of 2023 forecasts revenue to be flat or down by 2% versus last year, amid rising operating expenses.
Salem Media Group (NASDAQ: SALM) has acquired George Gilder’s investment newsletters, including Gilder’s Technology Report and Gilder’s Moonshots. This acquisition enhances Eagle Financial Publications' offerings, providing insights from Gilder and his expert team. Gilder, a well-known investor and economist, has published over 20 bestselling books and is recognized for his foresight in technological trends. The acquisition is expected to deepen the company's portfolio of investment newsletters and trading services, catering to a national audience across various media platforms.
Salem Media Group (NASDAQ: SALM) announced plans to report its fourth quarter 2022 financial results after market close on March 8, 2023. A teleconference discussing the results will follow at 4:00 PM Central Time on the same day, accessible by calling (888) 770-7291 or via webcast. A replay will be available until March 22, 2023. Salem Media Group focuses on Christian and conservative content, reaching millions of dedicated listeners and readers daily.
Salem Media Group (NASDAQ: SALM) has announced an irrevocable notice of redemption for its outstanding 6.75% Senior Secured Notes due 2024, totaling $36.5 million. This redemption is scheduled for March 27, 2023 and will include the principal amount plus accrued interest. To facilitate this, the company plans to issue $44.685 million in additional 7.125% Senior Secured Notes due 2028. However, the completion of this issuance is subject to customary closing conditions, and there are no guarantees it will occur as planned.
Salem Media Group (NASDAQ: SALM) has announced the return of renowned South Florida radio host Ninoska Pérez Castellón, who will anchor a new Spanish-language talk lineup on La Nueva Poderosa 670 AM. After a two-week hiatus, Ninoska's show marks a significant addition to Salem's programming after her long tenure at Univision Radio. The revamped lineup will also feature other notable personalities, including Father Albert Cutié and various local hosts. Salem Media's Vice President expressed excitement for Ninoska's return, highlighting her commitment to conservative values and her influential voice.
Salem Media Group, Inc. (NASDAQ: SALM) has promoted Dan Nelson to Vice President of Salem Events and Marketing. Nelson, who joined Salem in 2001, previously served as Promotions Director and Director of Salem Events and Marketing since 2018. CEO Dave Santrella praised Nelson's creative abilities and his capacity to bring ideas to fruition. Allen Power, President of Broadcast Media, highlighted Nelson's exceptional standards and collaborative spirit. In his new role, Nelson will focus on enhancing Salem's brand image and driving revenue through special events and travel experiences.
Salem Media Group, Inc. (NASDAQ: SALM) has announced that "The Chris Stigall Podcast" officially joins the Salem Podcast Network, starting January 16, 2023. This podcast, launched in 2019, releases an episode daily and has achieved over four million downloads, supported by strong advertising partnerships. Chris Stigall, who also hosts "Philadelphia's Morning Answer," aims to expand his reach with Salem's extensive platform. The Salem Podcast Network, established in January 2021, ranks as the 11th most listened to podcast network on Triton Digital, achieving over 17 million downloads monthly.
Salem Media Group (NASDAQ: SALM) has promoted Andy Massingill to Senior Director of Digital Sales, a role in which he will leverage digital assets to enhance audience engagement. Over the past three years, Massingill has led his team to significant revenue growth, particularly in the Western Region. His collaboration with Chris Gould and National Ministry partners aims to deliver more impactful results. Salem Media Group continues to be a leader in Christian and conservative multimedia content, serving millions daily.