Salem Media Stock Price, News & Analysis

Salem Media Group has named Florida Governor Ron DeSantis the 2021 Salem Culture Warrior of the Year, receiving 52% of the listener votes. This recognition highlights DeSantis's strong influence not only in Florida but nationally. Previously awarded to Candace Owens, this accolade underscores Salem's commitment to recognizing cultural leadership. Salem Media Group continues to dominate the conservative media landscape with over 100 radio stations, the Salem Radio Network, and the Salem News Channel, reaching millions of dedicated listeners and readers.

Salem Media Group (NASDAQ: SALM) announced a major overhaul of its news and traffic operations at AM 560 The Answer in Chicago, effective January 1, 2022. Mike Scott, who has anchored newscasts for 17 years, will become the News Director while continuing anchor duties. JoAnn Genette will join as an afternoon news anchor, and Jill Urchak will handle afternoon traffic reports. The changes aim to strengthen commitment to timely news and traffic updates for listeners, enhancing AM 560's programming.

Salem Media Group (NASDAQ: SALM) announced the winner of its Christmas Mortgage Miracle sweepstakes, where Skylar Oswalt from Benton, Arkansas, won a year's worth of mortgage payments. Selected from over 1 million entries, Oswalt entered the contest 24 times. The event was promoted by Salem Media Group's four radio stations in central Arkansas. Representatives delivered the prize just hours after notifying Oswalt of her win. Salem Media Group specializes in Christian and conservative content across various media platforms.

Salem Media Group (NASDAQ: SALM) announced significant leadership changes effective January 1, 2022. Edward G. Atsinger III transitions to Executive Chairman, while David Santrella, previously President of Broadcast Media, becomes CEO. David Evans is promoted to Chief Operating Officer. Atsinger will focus on macro strategy and M&A as the company aims for leadership continuity. The Board’s succession planning reflects confidence in Santrella and Evans to drive the company's growth in Christian and conservative media.

Salem Media Group (NASDAQ: SALM) announces Pastor Lenny Gaines will join Salem Music Network as a syndicated music host for his show, “Pastor Lenny’s Praise Party,” starting January 31, 2022. This five-hour daily show, focusing on inspiration and cultural engagement, will be produced for various radio stations. Network General Manager Kevin Anderson emphasizes the potential of the show to reach a broader audience, enhancing Salem's syndication offerings.

Salem Media Group (NASDAQ: SALM) announced its participation in the 16th annual Singular Research Best of the Uncovered Investor Conference on December 9, 2021, at 10:15 A.M. Central Time. Investors can access the presentation via the investor relations section of the company's website, www.salemmedia.com. Singular Research focuses on small-to-micro cap companies, providing independent, unbiased research and recommendations.

Salem Media Group (NASDAQ: SALM) has extended its agreement with Jennifer Horn, keeping her as the host of the popular 'Morning Answer Show' through 2024. Co-host Grant Stinchfield joins her, creating a dynamic team on AM 870 and AM 590. Programming Director Chuck Tyler praised their chemistry, stating they expertly cover serious issues with a fun approach. Both hosts expressed excitement about their partnership. Salem Media Group specializes in Christian and conservative content, reaching millions of dedicated listeners across the nation.

Salem Media Group (NASDAQ: SALM) will present at the virtual Q4 Investor Summit on November 17, 2021, at 1:00 P.M. Central Time. Investors can access the presentation via the company's investor relations website www.salemmedia.com. The Q4 Investor Summit connects smallcap companies with over 500 investors, including institutional and high net worth individuals. Salem Media is renowned for its Christian and conservative multimedia content, serving millions of engaged listeners and readers across the nation.

Salem Media Group (NASDAQ: SALM) reported its Q3 2021 results, showing a 8.8% increase in total revenue to $66.0 million compared to Q3 2020. Operating expenses decreased 10.2% to $50.2 million, leading to an operating income surge of 232.5% to $15.8 million. Net income skyrocketed 6,615.5% to $22.1 million, or $0.81 per diluted share. Year-to-date figures also reflected growth, with total revenue up 10.1% to $189.1 million. The company anticipates Q4 revenue growth of up to 2% compared to last year.