Salem Media Stock Price, News & Analysis

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.

Salem Media Group (NASDAQ: SALM) announced the launch of a new podcast titled “Dennis and Julie” featuring Dennis Prager and Julie Hartman, a Harvard senior. The podcast will explore various topics, with a focus on the crisis in American education, and is set to premiere on March 1st. Prager, a prominent conservative commentator, has a massive following, and Hartman has recently gained attention for her views as well. This collaboration aims to engage audiences of all ages with insightful discussions.

Salem Media Group, operating under NASDAQ: SALM, will report its fourth quarter 2021 financial results on March 3, 2022, after market close. A teleconference to discuss these results will also be held on the same date at 4:00 P.M. Central Time. Interested parties can join the call by dialing (877) 524-8416 or via a webcast. The replay of the call will be available until March 17, 2022.

Salem Media Group (NASDAQ: SALM) announces the retirement of long-time radio host Parks Stamper from Atlanta's WFSH (104.7 The Fish) after 21 years. Stamper expressed gratitude for her listeners, coworkers, and sponsors, emphasizing her mission of sharing the Gospel. Her last day on the midday show will be February 25. VP of Programming Mike Blakemore commended Stamper's authentic connection with listeners and mentioned she will continue to contribute on a part-time basis. Salem Media Group remains a leading multimedia company, focusing on Christian and conservative content.

Salem Media Group (NASDAQ: SALM) has launched 'The Carl Jackson Podcast' on the Salem Podcast Network, with new episodes available daily. Carl Jackson, who previously filled in for Larry Elder during his gubernatorial campaign in California, aims to reach a wider audience by sharing his story and insights. The Salem Podcast Network, founded in January 2021, ranked as the #12 podcast network in the U.S. by Triton Digital in December, boasting over 13 million downloads monthly. This initiative highlights Salem's commitment to expanding its multimedia reach in the conservative and Christian content space.