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Salem Media Group Inc   (SALM)
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Price: $0.3400 $-0.01 -2.857%
Day's High: $0.35 Week Perf: 3.03 %
Day's Low: $ 0.33 30 Day Perf: -14.79 %
Volume (M): 17 52 Wk High: $ 1.12
Volume (M$): $ 6 52 Wk Avg: $0.71
Open: $0.35 52 Wk Low: $0.24



 Market Capitalization (Millions $) 9
 Shares Outstanding (Millions) 27
 Employees 100
 Revenues (TTM) (Millions $) 262
 Net Income (TTM) (Millions $) -46
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 6

Salem Media Group Inc
Salem Media Group Inc. is a publicly traded broadcasting company that specializes in conservative and Christian-themed programming. The company operates numerous radio stations, publishing houses, and digital media outlets that reach a combined audience of over 100 million people per month throughout the United States.

Founded in 1972 as Salem Communications Corporation, the company's core business was Christian-themed radio. Today, the company operates more than 100 radio stations in 40 markets across the United States. Salem's portfolio of radio programs includes nationally syndicated shows such as The Hugh Hewitt Show, The Dennis Prager Show, The Eric Metaxas Show, and The Mike Gallagher Show.

In addition to radio, Salem Media Group is also involved in book publishing and digital media. The company owns Regnery Publishing, which specializes in conservative and libertarian books. Books published by Regnery have been New York Times bestsellers, including books by Ann Coulter, Dinesh D'Souza, and Laura Ingraham.

Salem's digital media division operates websites and mobile applications that focus on Christian and conservative topics. The company's largest digital asset is Townhall Media, a group of conservative websites that includes Townhall.com, HotAir.com, Twitchy.com, and RedState.com. Salem also operates websites that focus on Christian living, such as OnePlace.com, Crosswalk.com, and GodTube.com.

Salem Media Group has a widespread reach, offering Christian and conservative programming across radio, publishing, and digital media platforms. The company's mission is to promote traditional conservative and Christian values and provide quality content to audiences.


   Company Address: 6400 NORTH BELT LINE ROAD IRVING 75063 TX
   Company Phone Number: 586-0080   Stock Exchange / Ticker: NASDAQ SALM
   


   

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Salem Media Group Marks Remarkable Market Expansion with the Landmark Sale of Regnery Publishing to Skyhorse

Published Tue, Dec 26 2023 5:56 PM UTC

Salem Media Group, Inc., a force to reckon with in the media and communication industry, has announced that it has entered into an agreement to sell Regnery Publishing to Skyhorse Publishing. The company's successful third-quarter performance enriched with an increased market share underlines the promising transaction that is expected to conclude by year-end.Established in 1...

Salem Media Group Inc

Salem Media Group Inc Witnesses Mild Revenue Retreat in Single Digits during the Third Quarter of 2023 Earnings Season



Salem Media Group Inc, a broadcasting media and cable TV company, recently released its financial results for the third quarter of 2023. The report indicated a significant increase in losses per share compared to the previous year, along with a decline in revenue. These results have raised concerns about the company's performance and its ability to compete within the sector. This article will outline the key facts from the financial results and provide context for the current state of Salem Media Group Inc.
Financial Results:
1. Loss per Share: In Q3 2023, Salem Media Group Inc reported a loss of -$1.15 per share, a substantial increase from -$0.44 per share in the same period a year ago. Furthermore, this loss also surged from -$0.26 per share from the preceding financial reporting period.

Salem Media Group Inc

Significant Drop in Revenue at Salem Media Group Inc Raises Concerns Amidst Overall Growth in Broadcasting Industry



The stock market is a fascinating realm of investment and speculation where companies thrive or struggle based on their financial performance. One such company that has faced recent challenges is Salem Media Group Inc, a prominent player in the Broadcasting Media & Cable TV industry. Despite a lower revenue and an increased deficit, the stock market's overall outlook remains optimistic for this company. Let us delve deeper into the recent developments and analyze the potential future growth for Salem Media Group Inc.
Temporary Setback in Revenue:
The most recent fiscal period saw a decline in revenue for Salem Media Group Inc. A decrease of -4.234% was recorded, with revenue sinking to $65.77 million. This disappointing result caused a deficit per share of $-0.26, a significant contrast to the positive $0.33 per share realized in the previous year's reporting period. However, it is crucial to note that this decline stands in opposition to the overall growth experienced by the Broadcasting Media & Cable TV industry during the same period.

Salem Media Group Inc

Salem Media Group Inc Faces Earnings Setback, but Revenue Shows Promise

Salem Media Group Inc recently reported their financial results for the January to March 31 2023 quarter, and the news isn't all good. The company posted a shortfall per stock of $-0.19 per share, which is a significant decrease from the $0.06 per share reported in the same period a year before. The shortfall also increased from the previous quarter, where Salem Media Group Inc posted a $-0.08 per share shortfall.
However, the news isn't all negative for the company. Despite the decrease in earnings per share, revenue grew moderately by 1.406% to $63.49 million from $62.61 million in the corresponding quarter a year before. Unfortunately, the sequential revenue decreased by -7.737% from $68.81 millionLooking at the bigger picture, for the January to March 31 2023 span, Salem Media Group Inc recorded a net shortfall of $-5.154 million, instead of net earnings of $1.739 million that were recorded in the corresponding quarter a year before.
It's clear from these results that Salem Media Group Inc has some work to do to get back on track. However, it's worth noting that the company is expected to report their next financial results on August 03, 2023, which means that there is still time for the company to right the ship and improve its earnings.
Overall, investors should approach Salem Media Group Inc with caution and monitor the company closely over the coming months. While revenue growth is a positive sign, the significant decrease in earnings per share is cause for concern. It will be interesting to see how the company plans to address these issues and what steps it will take to improve its financial performance in the future.






 

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