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) regularly issues news updates that reflect its role as a multimedia company focused on Christian and conservative content. Its announcements highlight developments across radio, podcasts, streaming, and publishing, giving insight into how the company programs and manages its media properties.
News items often feature radio programming changes and talent moves, such as new shows on stations like WHK-AM 1420 The Answer in Cleveland, contract extensions for hosts on AM 970 The Answer in New York, and additions to the Salem Radio Network lineup. These stories provide detail on how Salem structures its talk and news-talk offerings and which voices it brings to its audience.
Salem Media Group’s releases also cover leadership and management updates, including promotions within its broadcast operations. Such announcements illustrate how the company organizes its regional and national management to oversee markets and stations aligned with its Christian and conservative focus.
Another recurring theme in Salem’s news is digital and streaming content. The company issues updates on new documentaries, docuseries, and other projects premiering on SalemNOW, its streaming platform for Christian and conservative films and series. It also announces additions to the Salem Podcast Network, describing new partnerships and shows that expand its digital audio reach.
Investors and followers of SALM can use this news feed to track programming decisions, content launches, leadership changes, and other corporate communications that the company chooses to highlight. For ongoing context about Salem Media Group’s activities in radio, digital media, and streaming, this page aggregates its latest publicly released updates.
Salem Media Group (NASDAQ: SALM) has announced the addition of the Scott and Sam Show to its Salem Music Network, set for daily syndication starting January 2, 2023. Scott and Sam, who have hosted a morning show on KFSH-FM in Los Angeles for six years, expressed enthusiasm for reaching a broader audience. The show's content will be available for distribution by FTP download. Salem Music Network aims to harness top talent within its network to benefit external stations, highlighting Scott and Sam's popularity in their current markets.
Salem Media Group (NASDAQ: SALM) announces the promotion of John Gallagher to General Manager in Chicago effective January 1, 2023. Gallagher, who previously served as General Manager in Little Rock, is expected to leverage his extensive radio management experience in the Chicago market. He will provide oversight to Little Rock during the transition. Gallagher's background includes leadership roles at Nextstar, Hubbard Broadcasting, and Cumulus Chicago, emphasizing his qualifications for this role. The company continues to focus on its mission-driven approach in serving its audience.
Salem Media Group (NASDAQ: SALM) has appointed Monica Rabassa as Vice President and General Manager of its upcoming radio stations in Miami. Rabassa brings over 20 years of experience from Univision and a strong background in Spanish-language media. She has received numerous accolades, including "Woman of the Year" by the Association of Women in Communications and recognition as one of the "Most Influential Women in Radio." Salem aims to enhance its connection with the South Florida community, emphasizing the importance of quality programming for Spanish-speaking audiences.
Salem Media Group (NASDAQ: SALM) announces the retirement of Tom Moyer, General Manager of its Washington, D.C. stations, effective year-end. Moyer, a 30-year veteran, significantly contributed to the station's growth. His successor is David Howard, promoted from General Sales Manager, with Chuck Olmstead taking on the Station Manager role for WAVA-AM/FМ. Moyer will assist during the transition. Executives highlight Moyer's leadership and commitment to the company's principles, aiming for continued success under the new management.
Salem Media Group (NASDAQ: SALM) announced its participation in the 17th annual Singular Research Best of the Uncovered Investor Conference in San Francisco on December 8, 2022, at 3:45 PM Central Time. Investors can access the presentation via the investor relations section of the company’s website at www.salemmedia.com prior to the event. Singular Research focuses on providing independent research on small-to-micro cap companies, offering honest advice without financial conflicts.
Salem Media Group (NASDAQ: SALM) announces the launch of a new podcast, Timeless with Julie Hartman, premiering this week on the Salem Podcast Network. The show will air Tuesday to Friday at 4 PM ET on YouTube and in podcast form. Julie Hartman, a Harvard graduate and current co-host on another program, aims to revive the discussion about civilization's values beyond politics. Salem Podcast Network ranks #11 on Triton Digital's podcast ranker, achieving up to 17 million downloads monthly across 25 podcasts.
Salem Media Group (NASDAQ: SALM) announced the launch of the Answers for Elders podcast on SeniorResource.com, hosted by Suzanne Newman. This podcast aims to provide support and education to families navigating eldercare, featuring experts in various fields. Newman, a former advertising executive, shares insights from her personal caregiving journey. The collaboration with Senior Resource Podcast Network intends to enhance resources available to families in need.
Salem Media Group (Nasdaq: SALM) reported Q3 2022 results showing a 1.3% revenue increase to $66.9 million, yet faced a severe 50.7% rise in operating expenses, totaling $75.6 million. This resulted in an operating loss of $8.8 million, down from an operating income of $15.8 million in Q3 2021. The net loss was $11.9 million, equating to $0.44 per share, compared to a net income of $22.1 million in the previous year. The company anticipates a 3%-5% revenue decline in Q4 2022.
Salem Media Group (NASDAQ: SALM) will announce its third quarter 2022 financial results after market close on November 3, 2022. A teleconference will follow at 4:00 p.m. Central Time, accessible by dialing (888) 770-7291 or via webcast. A replay will be available until November 17, 2022, using (800) 770-2030 with the PIN 2413416. Salem Media is a prominent multimedia company focused on Christian and conservative content, reaching millions nationwide.
Salem Media Group (NASDAQ: SALM) will present at the Annual LD Micro Main Event XV investor conference on October 26, 2022, at 4:00 P.M. Central Time. The presentation will be accessible through the investor relations section of their website.
LD Micro, established in 2006, is a key player in the microcap investment space, and was acquired by SRAX in September 2020. Salem Media specializes in Christian and conservative content, reaching millions through its diverse media properties.