Salem Media Stock Price, News & Analysis

Salem Media Group (OTCQX: SALM) announced the return of Larry Elder to Salem Radio Network, Salem News Channel, and Salem Podcast Network on August 5th, 2024. Elder, known as the 'Sage from South Central,' will replace Brandon Tatum in the PM drive time slot, broadcasting 3-6 pm PT (6-9 pm ET). His show will be aired on radio stations nationwide and live on Salem News Channel.

Elder, who ran in the 2021 California gubernatorial recall election and briefly in the 2024 presidential race, continues his successful podcast 'Larry Elder - We've Got a Country to Save,' which reaches 500,000 downloads per episode. Salem will handle sales and marketing for the podcast. The move marks Elder's return to radio after a two-year hiatus, bringing his conservative voice back to a wider audience.

Salem Media Group (OTCQX: SALM) announced the recent ratings success of Salem Radio Network (SRN) host Mike Gallagher in Greenville, SC. After returning to WYRD-FM four months ago, Gallagher's show has achieved #1 rankings in several key demographics:

- 10am-3pm daypart: #1 with an 8.3 share 12+ and over five hours of time spent listening
- 10am-Noon daypart: #1 with a 9.1 share 12+, beating the 2nd ranked station by 1.7 shares
- 25-54 demo: Tied for 3rd with a 6.4 share
- 35-64 demo: #1 with a 13 share, beating the 2nd ranked station by over 5 shares

The success is attributed to loyal listeners and the addition of Joey Hudson to the lineup. Salem Radio Network syndicates Gallagher's show nationally from 9am to Noon ET.

Salem Media Group (OTCQX: SALM) has finalized the sale of its contemporary Christian music stations in Nashville, Tennessee, and Honolulu, Hawaii, to Educational Media Foundation for $7 million. The transaction, initially announced on March 21, 2024, was completed on June 26, 2024. Salem Media Group is a leading multimedia company focused on Christian and conservative content, operating through radio, digital media, and publishing. The sale reflects Salem's strategic realignment to focus on its core assets and content areas, aiming to strengthen its presence in the Christian and conservative media landscape.

Salem Media Group announced a partnership with HC2 Broadcasting to expand the Salem News Channel's footprint. This collaboration enables free over-the-air broadcasts in 25% of U.S. television markets, covering 55 major areas including New York, Chicago, and Dallas. Cary Pahigian, VP and General Manager of Salem News Channel, highlights the significance of this expansion for the channel's growth. HC2 Broadcasting's CEO, Les Levi, expressed enthusiasm for the partnership, noting the benefits for broadcast TV viewers. This marks Salem News Channel's debut in the broadcast television space.

Salem Media Group (OTCQX: SALM) has issued a statement regarding the film and book '2000 Mules,' which examines allegations of voter fraud in the 2020 presidential election. The Georgia Bureau of Investigation has cleared Mr. Andrews of any illegal voting activity depicted in the film. Salem Media apologizes for any harm caused and has removed the film from its platforms, discontinuing its future distribution. Salem Media specializes in Christian and conservative content across radio, digital media, and publishing, serving a large national audience daily.

Salem Media Group (OTCQX: SALM) has appointed Christian Kligora as the new West Region Digital Sales Director for its digital marketing firm, Salem Surround.

Christian brings extensive experience from his executive role at Marketron, where he drove business development. He also contributed significantly to Gannett's Local IQ and ReachLocal, leading to revenue and operational growth.

Jon Latzer, Vice President and General Manager of Salem Surround, praised Christian's potential to achieve revenue growth and operational efficiencies. Christian expressed his excitement about joining Salem Media and contributing to its innovative and impactful media landscape.

Salem Media Group is a leading multimedia company specializing in Christian and conservative content, encompassing radio, digital media, and publishing, serving millions of loyal listeners and readers daily.

Salem Media Group announced the sale of its principal office in Camarillo, CA to Eclipse RE Holdings, for $5.5 million, closing on May 1, 2024. Salem will leaseback the building for five years. Salem Media Group is a multimedia company specializing in Christian and conservative content.

Salem Media Group, Inc. (OTCQX: SALM) released its first quarter 2024 Quarterly Report, showcasing its position as America's leading multimedia company specializing in Christian and conservative content. The report highlights Salem's loyal audience, unique programming focus, and respected figures across the media landscape.

Salem Media Group, Inc. announced that Salem Radio Network host Mike Gallagher will return to the airwaves in Greenville, South Carolina on May 6th. The Audacy station NewsTalk 98.9 WORD-FM will host his show. Gallagher expressed excitement about reuniting with his loyal fans in Greenville after a station sale last fall. The Voice of the Carolinas, NewsTalk 98.9/WYRD-FM, is the leading NewsTalk radio station in South Carolina. Salem Media Group specializes in Christian and conservative content, serving a large audience nationwide.