Salem Media Stock Price, News & Analysis

Salem Media Group (NASDAQ: SALM) announced the hiring of Haley Bianco as the first news anchor for its Salem News Channel (SNC). Starting weekdays from 5 PM to 10 PM, she will deliver news capsules at the top and bottom of the hour. Bianco joins SNC from Fox 40 in Binghamton, NY, bringing valuable experience as a managing editor and primetime anchor. This move aims to strengthen the news credibility of SNC as it continues to grow.

Salem Media Group (NASDAQ: SALM) has signed Harvard graduate Julie Hartman for a multi-faceted deal encompassing the Salem Podcast Network, Salem News Channel, and Salem Radio Network. Hartman will host two weekend shows, three weekly podcasts, and serve as a substitute host across various programs starting in September. Her rise to prominence follows her engagement with conservative figures and her critical perspective on liberal ideologies prevalent in academia. Salem Media Group focuses on Christian and conservative content, attracting millions of dedicated listeners and readers across its platforms.

Salem Media Group (NASDAQ: SALM) will present at the LD Micro Invitational XII in Westlake Village, CA on June 7th at 5:30 PM Central Time. The presentation will be available on the company's investor relations website before the event. LD Micro supports the microcap sector and will introduce a new format during its upcoming event aimed at benefiting executives and investors globally. For further details, visit www.salemmedia.com.

Salem Media Group (NASDAQ: SALM) will present virtually at the Singular Research Spring Select Webinar on May 25 at 12:00 PM Central Time. The presentation will be accessible on the company's investor relations website prior to the event. Salem Media Group is a leading multimedia company focused on Christian and conservative content, reaching millions through radio, digital media, and publishing.

Salem Media Group (NASDAQ: SALM) welcomes back Tim Hartlage as the new General Sales Manager for its Nashville Cluster, which includes 94 The Fish FM and Salem Surround. Hartlage previously held a leadership role at Salem from 2005 to 2015 before leaving to establish a church in Louisville. His return is seen positively by Nashville General Manager Kevin Anderson, who believes Hartlage's experience will drive sales in this vibrant market. Salem Media Group specializes in Christian and conservative content, serving millions of dedicated listeners and readers nationwide.

Salem Media Group (SALM) has announced that the political documentary 2000 Mules, produced by Dinesh D’Souza, has achieved significant success, grossing $10 million within two weeks of its release. With over 1 million viewers, it is the most successful political documentary in a decade. The film, which explores illegal ballot harvesting related to the November 2020 elections, is also making waves on social media and various news outlets.

Salem Media Group (NASDAQ: SALM) has signed former NBC Sideline Reporter Michele Tafoya to host a new podcast titled “Sideline Sanity,” set to launch on May 23, 2022. The podcast will focus on life, politics, and news, airing four episodes weekly. The Salem Podcast Network has rapidly gained popularity since its inception in January 2021, currently ranking as the 11th most listened to podcast network with 17 million downloads per month. Tafoya, a veteran sportscaster and Emmy winner, aims to engage listeners with her insights and experiences.

Salem Media Group (NASDAQ: SALM) reported a 5.5% increase in consolidated total revenue for Q1 2022, totaling $62.6 million. Operating income rose 14.2% to $5.0 million, while net income surged 438.4% to $1.7 million, or $0.06 per diluted share. Broadcast net revenue increased 10.0% to $48.4 million, yet Same Station SOI fell 5.0% to $10.3 million. Digital media revenue and operating income also saw significant gains, increasing 7.1% and 93.1% respectively. However, publishing revenue dropped 31.8% to $3.9 million, resulting in an operating loss.

Salem Media Group (NASDAQ: SALM) announced that Brandon Tatum will replace Larry Elder as the host of its nationally syndicated radio show starting May 16th. Tatum, known for his significant social media following and involvement with Turning Point USA, will also launch a daily podcast. His show has already attracted over 3 million followers across platforms. Salem's Senior Vice President noted Tatum's appeal among youth and his compelling narrative. This strategic move could enhance Salem's reach across demographics and elevate its media presence.