Salem Media Stock Price, News & Analysis

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.

Salem Media Group (NASDAQ: SALM) has announced the retirement of Mike Shields, General Manager of the San Francisco cluster, effective June 2022. Shields has led the team for 11 years, contributing to consistent revenue and operating income growth. Segar Kannan, the current General Sales Manager in Portland, will succeed him. Kannan has 23 years of experience with Salem, proving his capability in driving digital revenue. The company positions itself as a leader in Christian and conservative multimedia content, serving millions of dedicated listeners and readers across various platforms.

Salem Media Group (NASDAQ: SALM) announces that Larry Elder has departed from the Salem Radio Network after six years. His departure is effective immediately, with a replacement to be announced shortly. Elder, known for his influential conservative voice, previously hosted during peak hours. Carl Jackson will temporarily fill the slot until a permanent host is decided. Salem continues to support Elder's projects, including the upcoming sequel to his documentary, 'Uncle Tom 2'. This shift reflects a strategic adjustment within the network.

Salem Media Group (NASDAQ: SALM) has announced the promotion of Jonathan Garthwaite to Senior Vice President and Publisher of Townhall Media. Garthwaite, who has been with the company since its inception in 1995, oversees operations for Townhall and other media properties, collectively attracting over 20 million readers monthly. COO David Evans praised Garthwaite for his dedication and leadership. This leadership change is expected to strengthen Townhall Media's operations and maintain its growth trajectory within the conservative media landscape.

Salem Media Group (NASDAQ: SALM) has promoted William F. Long, Jr. to Senior Vice President and General Manager of Salem Church Products (SCP). Long, who has been part of Salem for 21 years, has successfully overseen SCP's growth since 2017, including important acquisitions that expanded its capabilities. Currently, SCP serves over 31,000 churches weekly, enhancing its content offerings and subscriber base. Long expressed gratitude for his team’s efforts to equip church leaders in their mission.

Salem Media Group (NASDAQ: SALM) has scheduled its 2022 Annual Meeting of Stockholders for May 4, 2022, at its headquarters in Irving, Texas. The meeting will begin at 11:30 a.m. C.D.T. The record date for voting shares at this meeting is set for March 9, 2022. Salem Media Group is recognized as a leading multimedia company specializing in Christian and conservative content, operating across radio, digital media, and publishing platforms, serving millions of dedicated listeners and readers daily.

Salem Media Group (NASDAQ: SALM) reported a significant increase in financial performance for Q4 and FY 2021. Q4 total revenue rose 7.2% to $69.1 million, with operating income up 220% to $20.5 million. Net income reached $16.8 million, representing $0.61 per diluted share, compared to $3.3 million or $0.12 per share in 2020. For FY 2021, total revenue increased 9.3% to $258.2 million, while net income was $41.5 million, reversing a prior year's loss. Notably, a $13 million gain from asset dispositions contributed to these results.