Salem Media Stock Price, News & Analysis

Salem Media Group (NASDAQ: SALM) will present virtually at NobleCon17 on January 20th at 11:15 AM PT. This annual conference hosted by Noble Capital Markets is free to attend. A high-definition video webcast will be available the following day on Salem Media Group’s website and the NobleCon conference site. The presentation will also be accessible on Channelchek for 90 days post-event. Salem Media Group focuses on Christian and conservative multimedia content, serving millions daily through various formats including radio and digital media.

Salem Media Group, Inc. (NASDAQ: SALM) has promoted Angenette Natkowski to Director of Sales for its Chicago cluster. In this newly created role, she will oversee AM 560 the Answer/WIND and AM 1160 Hope For Your Life/WYLL. Angenette joined WIND in 2015 and has significantly contributed to revenue growth and the launch of the digital division. Her promotion reflects her strategic leadership and sales expertise, aiming to enhance revenue through comprehensive product solutions.

Salem Media Group (NASDAQ: SALM) has announced the launch of the Salem Podcast Network, aimed at expanding conservative content through podcasts. The inaugural podcast, “Pardon Me!”, hosted by Dinesh D’Souza, will debut on January 11, 2021, across various platforms including SalemNow.com, YouTube, and Rumble. Salem aims to produce more content with prominent conservative figures, reinforcing its position as a leader in conservative media with a robust reach of 3,200 radio affiliates.

Salem Media Group (NASDAQ: SALM) has announced the relocation of Christopher Gould to Colorado Springs, where he will continue as Senior Vice President of National Program Development and take on the role of General Manager for local stations. Gould, a seasoned employee with nearly two decades at Salem, aims to enhance both influence and financial performance in this new position. David Santrella, President of Broadcast Media, expressed confidence in Gould’s leadership, emphasizing continuity in service to national ministry partners.

Salem Media Group (NASDAQ: SALM) has appointed David Cruz as Vice President of Salem Si, a new digital streaming platform targeting the Latino market, set to launch in January 2021. David Santrella, President of Broadcast Media, expressed excitement about Cruz's extensive background in Latino journalism, highlighting his potential to lead this initiative effectively. Salem Si aims to provide timely and relevant content to the growing Latino demographic in the U.S., which seeks accessible information in both English and Spanish.

Salem Media Group (NASDAQ: SALM) announced its participation in two virtual investor conferences. The company will present at the Singular Research Best of the Uncovered 15th Annual Conference on December 10, 2020, and at the 13th Annual LD Micro Main Event on December 14, 2020. Both presentations will be accessible via the investor relations section of Salem's website prior to the events. These conferences aim to connect microcap companies with investors, which is crucial for maintaining investor engagement.

Salem Media Group (Nasdaq: SALM) reported its financial results for Q3 2020, noting a 15% increase in net broadcast revenue compared to Q2 2020, yet a 4.8% decline year-over-year. Key highlights included a significant operating income turnaround, reporting $4.8 million versus a loss of $14.5 million in Q3 2019, and adjusted EBITDA rose 6.9% to $9.6 million. However, total revenue decreased 5.4% to $60.6 million, driven by a 25.3% drop in publishing revenue. As of September 30, 2020, the company held $19.3 million in cash, and its net loss was notably reduced to $0.3 million from $20 million.

Salem Media Group, Inc. (NASDAQ: SALM) plans to announce its third quarter 2020 financial results after market closure on November 12, 2020. The company will also hold a teleconference at 2:00 P.M. PT on the same day to discuss the results. Investors can listen to the call by dialing (877) 524-8416 or via webcast. A replay will be available until November 26, 2020.

Salem Media Group (NASDAQ: SALM) has premiered the documentary film, “America’s Forgotten,” on its SalemNow platform. The film, which tackles illegal immigration, received rave reviews as “Explosive” by Newsweek and “Revolutionary” by Daily Wire. Initially planned for theater release, the premiere occurred on October 9, 2020, due to Covid-19. The film's nationwide release is set for October 16, 2020. SalemNow targets audiences interested in Christian and family-oriented content, featuring previous successful titles like “No Safe Spaces” and “Uncle Tom.”