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SALM $0.26

SALM target price
0.26
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0
Salem Media Group, Inc.
Type
Public
Traded as NASDAQ: SALM
Industry Mass media
Commercial radio broadcasting
Genre Radio broadcasting, publishing, internet content provider
Founders Stuart Epperson
Edward Atsinger III
Headquarters 4880 Santa Rosa Road
Camarillo, California
, United States
Key people
Stuart W. Epperson; Chairman of the Board
Edward G. Atsinger III; Chief Executive Officer
Dave Santrella; President – Broadcast Media
David Evans; President – New Media
Evan D. Masyr; Executive Vice President and Chief Financial Officer
Chris Henderson; Senior Vice President, Legal and Human Resources, General Counsel and Corporate Secretary
Website salemmedia.com

Salem Media Group, Inc. (NASDAQ: SALM; formerly Salem Communications Corporation) is an American radio broadcaster, Internet content provider, and magazine and book publisher based in Camarillo, California, targeting audiences interested in Christian and what it describes as "family-themed content and conservative values." In addition to its radio properties, the company owns Salem Radio Network, which syndicates talk, news and music programing to approximately 2,400 affiliates; Salem Media Representatives, a radio advertising company; Salem Web Network, an Internet provider of Christian content and online streaming with over 100 Christian content and conservative opinion websites; and Salem Publishing, a publisher of Christian themed magazines. Salem owns 117 radio stations in 38 markets, including 60 stations in the top 25 markets and 29 in the top 10, tied with CBS Radio for fifth-largest radio broadcaster. FamilyTalk is a Christian-themed talk format on Sirius XM Radio Channel 131. Additionally, Salem owns conservative websites Townhall.com, RedState, and Hot Air, as well as Twitter aggregator Twitchy.

The company was founded by Stuart Epperson and Edward G. Atsinger III and, unlike many Christian broadcasters, is a for-profit corporation. Also unlike their non-profit counterparts, Salem stations transmit high-powered signals in commercial radio bands.

Ed Atsinger (Chief Executive Officer) and Stu Epperson (Chairman of the Board) combined their radio assets to create Salem Communications. Beginning with stations in North Carolina and California, Atsinger and Epperson purchased station properties in Boston, San Antonio, New York, San Francisco, Portland, Los Angeles and other markets, converting them to Christian talk stations. In the 1990s, they expanded formats to include contemporary Christian music (with most stations under this format branded as "The Fish"), news talk (branded as "The Answer"), Spanish-language Christian content and most recently, business programming.

Many of Salem's stations are licensed to subsidiaries, organized by geographical area and media cluster as the company has acquired new stations and their previous licensees.

Salem Communications Corp acquired Twitter curation site, Twitchy.com. In January 2014, the Company announced the acquisition of the assets of Eagle Publishing, including Regnery Publishing, HumanEvents.com, and Redstate.com, as well as sister companies Eagle Financial Publications and Eagle Wellness.

On February 23, 2015, Salem Communications changed its name to Salem Media Group.

In 2015, Salem Media Group expanded their digital platform with acquisitions of several businesses and assets, including DividendYieldHunter.com; Stockinvestor.com; DividendInvestor.com; a Spanish Bible mobile app, along with its related website and Facebook properties; the DailyBible mobile app; the Daily Bible Devotion mobile app; and also Bryan Perry's Newsletters.

In 2016, Salem Media Group continued to expand by acquiring the websites ChrisitanConcertAlerts.com, Historyonthenet.com and Authentichistory.com; as well as Mike Turner's line of investment products, including TurnerTrends.com; the Retirement Watch newsletter and website, Retirementwatch.com; and the King James Bible mobile application. Salem Media Group also acquired Mill City Press from Hillcrest Publishing Group, Inc.

Salem's radio stations and licensees include:

Bison Media

Caron Broadcasting, Inc.

Common Ground Broadcasting, Inc.

Inspiration Media of Texas, LLC.

Inspiration Media, Inc.

New Inspiration Broadcasting Co., Inc.

Pennsylvania Media Associates, Inc.

Reach Satellite Network, Inc.

Salem Media of Massachusetts, LLC.

Salem Media of Colorado, Inc.

Salem Media of Hawaii, Inc.

Salem Media of Illinois, LLC.

Salem Media of Kentucky, Inc.

Salem Media of New York, LLC.

Salem Media of Ohio, Inc.

Salem Media of Oregon, Inc.

Salem Media of Texas, Inc.

Salem Media of Virginia, Inc.

SCA -Palo Alto, LLC.

South Texas Broadcasting, Inc.

Salem Radio Network is a satellite radio network serving general market News/Talk stations and Christian-formatted stations through affiliate partnerships serving more than 2,700 radio stations. The five major divisions are SRN Talk, SRN News, Salem Music Network, Salem Media Reps and Vista Media Reps and SRN Satellite Services.

The satellite feed for Salem's general market programming can be heard on the CRN Digital Talk Radio Networks, on CRN3.

Salem's flagship publication, CCM Magazine, was in the Christian music industry for more than 25 years. Salem no longer prints CCM Magazine. Other magazine publications include Singing News Magazine.

In 2014 Salem acquired Eagle Publishing. Eagle Publishing is the parent company of Regnery Publishing, Eagle Financial Publications, Eagle Wellness, and the websites Human Events and RedState.

In 2015 Eagle Publishing acquired the websites Dividendinvestor.com and Stockinvestor.com. The following year they acquired Mike Turner's line of investment products, including TurnerTrends.com, as well as Bob Carlson's Retirement Watch newsletter and websites.

Under the umbrella of Salem Author Services, we have Xulon Press, Mill City Press and the websites Bookprinting.com, Bookediting.com, Publishgreen.com and Libertyhill.com.

Xulon Press is a self-publishing digital publisher of books targeting a Christian audience. They use print on demand technologies that store books electronically and print them only as they are ordered. Xulon was founded by Christian author and publisher Tom Freiling and was acquired by Salem in 2006.

Salem owns a collection of Spanish language sites that provide a variety of Christian and family-friendly resources online. A few of those sites are CristoTarjetas.com; ElsitioCristiano.com; BibliaVida.com and LuzMundial.com.

The founders of Salem Communications support various religious causes. In 2005 Epperson was reported in Time magazine as one of the "25 Most Influential Evangelicals in America". In 2004 he co-chaired "Americans of Faith", a religiously-based Republican electoral campaign. Both founders have served on the Council for National Policy. They gave $100,000 to the Bush presidential reelection campaign and $780,000 to the 2000 "California Defense of Marriage Act" (Proposition 22) ballot measure.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

9944-03-21
9372-02-26
7098-03-09
4263-03-31
2014-10-07 Initiated Noble Financial Buy $11
2014-10-06 Initiated Coverage Noble Financial Buy $11.00
2014-02-24 Initiated Coverage Singular Research Buy $13.00
2013-04-09 Reiterated B. Riley & Co. Buy $9.50 to $11.25
2008-07-15 Reiterated Stanford Research Hold $3 to $1
2008-06-24 Downgrade Barrington Research Outperform to Mkt Perform
2008-03-14 Upgrade Barrington Research Mkt Perform to Outperform $4.50
2008-01-25 Reiterated Stanford Research Hold $6 to $4
2007-11-08 Reiterated Stanford Research Hold $9 to $6
2007-04-30 Downgrade Deutsche Securities Buy to Hold
1970-01-01
1347-03-19
9944-03-21
9372-02-26
7098-03-09
4263-03-31
2014-10-07 Initiated Noble Financial Buy $11

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
RIDDLE RICHARD A 0.52%  (101891) SALM /
ATSINGER EDWARD G III Chief Executive Officer 0.38%  (75620) SALM /
Weinberg Dennis M 0.31%  (60770) SALM /
EVANS DAVID President - New Business Devel 0.16%  (32502) SALM /
HINZ ROLAND S 0.10%  (20339) SALM /
Santrella David P President - Radio Division 0.07%  (14446) SALM /
MASYR EVAN D Senior VP and CFO 0.06%  (12224) SALM /
Wright Francis W. 0.05%  (9810) SALM /
EPPERSON STUART W Chairman of the Board 0.04%  (8270) SALM /
HALVORSON ERIC H 0.04%  (8000) ISRG / PCYC / SALM /
DAVENPORT DAVID 0.02%  (4000) SALM /
Lewis James Keet 0.01%  (2000) SALM /
Venverloh Jonathan 0.01%  (2000) SALM /