Tue, Jun. 28, 1:40 PM
- Salem Media Group (SALM +1.8%) is entering the San Francisco market with a news talk station set to launch over the U.S. holiday weekend.
- The conservative media firm is making KTRB into 860 AM The Answer, making the station the 26th "Answer-branded" station in its portfolio.
- It'll bring a talk roster with company mainstays including Hugh Hewitt, Dennis Prager, Michael Medved and others in its opening over the July 4th weekend.
Mon, Apr. 4, 9:56 AM
- Salem Media Group (SALM +1.8%) has made another investing-related acquisition, taking on Bob Carlson's Retirement Watch newsletter and its site, RetirementWatch.com.
- The Christian/conservative media firm has been adding assets to its Eagle Financial Publications unit. In November it added DividendYieldHunter.com to digital operations including EagleDailyInvestor.com and ETFU.com.
- Retirement Watch is targeted at all aspects of retirement planning: investments, Social Security, IRAs, pension plans, annuities, estate planning, medical coverage, income taxes and more.
- Now read Donald Trump's Grabbing Of Attention: Here Is A Stock Poised To Gain From It »
Wed, Mar. 9, 2:34 PM
- Salem Media Group (NASDAQ:SALM) has popped 3.1% after its in-market release of Q4 earnings, which featured a revenue beat and a swing to profit from break-even results last year.
- Net income was $5.3M vs. just $38,000 a year ago, aided by a $1.4M gain on bargain purchase of three radio stations. EBITDA rose 34% to $15.2M, easily beating an expected $8.6M.
- Revenue by segment: Net broadcast, $51.3M (up 5.2%); Net digital media, $12.2M (up 3.8%); Net publishing, $5.7M (up 4.2%).
- The Christian/conservative broadcaster acquired six radio stations in the quarter, and reduced its leverage ratio to 5.47.
- Press Release
Wed, Mar. 9, 1:44 PM
Jun. 16, 2015, 12:51 PM
Mar. 10, 2015, 4:57 PM
- Christian/conservative radio firm Salem Media Group (SALM -3%) posted revenue that grew, but still missed expectations by about 1%, and a breakeven quarter as total operating expenses rose 11.3%.
- Operating income dropped 28% to $6.9M. Salem reported GAAP net income of $0.00 vs. an expected $0.14, as increased expenses took their toll and backing out a provision for income taxes left income of $38K.
- Revenue by segment: Broadcast, $48.8M (flat); digital media, $11.7M (up 15%); publishing, $5.4M (up 47%).
- The company guides for revenues to drop 1-3% Y/Y in Q1, which would put it about $60.4M-$61.7M vs. expectations of $66.2M.
- Conference call at 5 p.m. ET.
Feb. 3, 2015, 4:09 PM
- Cumulus Media (NASDAQ:CMLS) finished up 11.9% ahead of a March 2 release of its Q4 results.
- The company has set a conference call at 4:30 p.m. ET that day to discuss earnings.
- Expectations are for an EPS of $0.09 on revenues of $333.2M.
- Commercial-radio peers have also had a strong day: Saga Communications (SGA +2.4%); Emmis Communications (EMMS +0.5%); Salem Communications (SALM +2.1%); Radio One (ROIAK +1.7%); Entercom (ETM +2.8%); and Townsquare Media (TSQ +3.2%).
May 8, 2013, 12:53 PM
Salem Media Group, Inc. operates as a multi-media company with integrated operations consisting of radio broadcasting, digital media and publishing. It operates its business through two segments: Radio-Broadcasting and Digital media. The Radio-Broadcasting segment operates radio stations... More
Industry: Broadcasting - Radio
Country: United States
Other News & PR