Salem Media Group Inc (PK:SALM)
Business Focus: Radio Broadcasting
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6400 North Belt Line Road IRVING TX 75063 |
| Tel: | 1-469-5860080 |
| Website: | https://salemmedia.com |
| IR: | See website |
| Key People | ||
| Edward G. Atsinger Executive Chairman of the Board | David P. Santrella Chief Executive Officer | Evan D. Masyr Chief Financial Officer, Executive Vice President |
| David A.R. Evans Chief Operating Officer | Christopher J. Henderson Executive Vice President of Legal and Human Resources, General Counsel, Secretary | Carolyn Cassidy General Manager - Salem Surround in Tampa |
| Business Overview |
| Salem Media Group, Inc. is a domestic multimedia company specializing in Christian and conservative content, with media properties comprising radio broadcasting, digital media, and publishing. Its segments include Broadcast, Digital Media and Publishing. The Broadcast segment is engaged in the business of radio broadcasting, which includes the ownership and operation of radio stations in metropolitan markets. The Digital Media segment provides Christian, conservative, investing content, audio and video streaming, and other resources digitally through the Web. It operates two businesses in its book publishing segment: Regnery Publishing and Salem Author Services. Regnery Publishing is a traditional book publisher. The books are sold in traditional printed form and as eBooks, such as Regnery Political, Regnery History, Regnery Kids, Gateway Editions and Salem Books. Salem Author Services is a self-publishing service for authors through two imprints: Xulon Press and Mill City Press. |
| Financial Overview |
| For the nine months ended 30 September 2023, Salem Media Group Inc revenues decreased 3% to $192.8M. Net loss increased from $1M to $43.5M. Revenues reflect Radio Broadcasting segment decrease of 3% to $147M, Publishing segment decrease of 3% to $14.4M. Higher net loss reflects Radio Broadcasting segment loss totaling $24.3M vs. income of $18.4M, Digital Media/Internet segment loss totaling $2M vs. income of $2.4M. |
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