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) has extended its partnership with Triton Digital, enhancing digital audio, podcasting, and advertising efforts. Since 2012, Salem has relied on Triton's solutions for audience growth and revenue maximization. The renewed agreement includes the use of Triton’s Podcast Metrics Demos+, offering enhanced audience insights for better advertising strategy. CEO David Santrella emphasized the partnership's role in increasing digital revenue and understanding audience behavior. This collaboration signals a continued focus on the growing conservative media market.
Salem Media Group (NASDAQ: SALM) announced that Mike Crispi Unafraid joined the Salem Podcast Network on January 9, 2023. The podcast, which began in 2022, releases episodes daily, hosted by Mike Crispi, an experienced television reporter and political operative. Crispi expressed excitement about collaborating with Salem Media, praising their programming vision. The Salem Podcast Network, launched in January 2021, ranks as the 11th most listened to podcast network on Triton Digital, boasting over 17 million average downloads monthly.
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.