Salem Media Stock Price, News & Analysis

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.

Salem Media Group (NASDAQ: SALM) has announced it will report its first quarter 2022 financial results on May 10, 2022, at 2:00 PM Central Time. Following the report, a teleconference will be held at 3:00 PM Central Time to discuss the results. Interested parties can join by dialing (877) 524-8416 or listening to the webcast. A recording of the call will be available until May 24, 2022, via the investor relations section of their website.

Salem Media Group (NASDAQ: SALM) has appointed Scott Furrow as the new host of ‘SoCal Live,’ airing weekday afternoons from 3-5 PM on 99.5 FM KKLA. Furrow, a seasoned pastor with a background in politics and media, aims to blend news with spiritual perspectives during his broadcasts. His experience hosting a similar program at KPRZ was noted positively by programming director Rodney Miller. This follows an extensive eight-month search for the position, indicating a significant leadership choice for Salem Media Group.

Salem Media Group (NASDAQ: SALM) has promoted David Bingham to Vice President of Operations and Business Development at Salem Web Network. Bingham, who joined the company in 2012, has played a significant role in expanding Salem’s mobile app portfolio, including the successful King James Bible App. Under his leadership, Salem has reported 107 million monthly app sessions. Bingham expressed excitement about upcoming initiatives in video, subscription services, and podcasting, indicating a bright future for Salem Web Network and Salem Media Group.

Salem Media Group (NASDAQ: SALM) will present at NobleCon18 on April 20 at 1:30 PM Central Time. This prestigious Institutional Investor Conference aims to connect small and micro-cap companies with investors. A video webcast of the presentation will be accessible on the company's website and at Noble Capital Markets’ site the day after the event. Salem Media is recognized for its focus on Christian and conservative content, engaging millions of listeners and readers across various platforms.