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Salem Media (SALM) Company Profile

Updated May 3, 2019
Salem Media has the following business profile:
Company's Full Name:Salem Media Group, Inc.
Short Name:Salem Media
Trading Ticker Symbol:SALM
Primary Exchange:NASDAQ
Headquarter City/Country:California, CA
Primary Industry Sector:Consumer Services
Seconday Sub-sector:Broadcasting
Main Business Areas: Consumer Services, Broadcasting, Consumer Cyclical, Radio Broadcasting
Dividend Payments:Dividend History

Market and Trading Information for Salem Media

The following details were available for trading and market data about the stock of Salem Media as of writing:
Current Share Price:$2.12
Previous Year's Closing Price:$2.09
Percentage Price Change (YTD):1.44%
Market Cap:$55.52 million
52-week Price Range:$1.85 - $6.25
Dividend Per Share:$0
EPS (TTM):0.12
Price-Earnings (Trailing):0
Price-Earnings (Forward):12.47

Company Profile and Business Description for Salem Media

Salem Media Group, Inc., formerly Salem Communications Corporation, incorporated on September 20, 1993, is a multi-media company specializing in Christian and Conservative content, with media properties consisting of radio broadcasting, digital media, and book, magazine and newsletter publishing. The Company operates through three segments: Broadcast, Digital Media and Publishing.

Broadcast

The Company's broadcasting segment is engaged in the ownership and operation of radio stations in metropolitan markets. The Company's radio stations carry national and local programming content, as well as national and local advertisers. The Company produces and sponsors community events. The Company promotes its station Websites on-air and at community events to direct participants to its Websites specifically designed for each of its radio stations. Audiences can access its entire library of digital content and online publications from any of its station Websites.

The Company owns and operates approximately 116 radio stations in 40 markets, consisting of 34 frequency modulation (FM) radio stations and 82 amplitude modulation (AM) radio stations. The Company also programs the Family Talk Christian-themed talk format station on SiriusXM Channel 131. The Company's broadcasting operations also include its national networks of affiliated radio stations. Salem Radio Network (SRN), based in Dallas, Texas, develops, produces and syndicates a range of programming specifically targeted to Christian and family-themed talk stations, music stations and general News Talk stations. SRN delivers programming through satellite to approximately 2,800 affiliated radio stations throughout the Unites States, including several of its Salem owned stations. The Company programs approximately 42 of its stations with its Christian Teaching and Talk format, which is talk programming with Christian and family themes. The Company also programs approximately 31 News Talk stations, 13 Contemporary Christian Music stations, 13 Business format stations, and nine Spanish-language Christian Teaching and Talk stations. The business format features financial commentators, business talk and nationally recognized Bloomberg programming.

The Company also owns and operates SRN News Network (SNN), Salem Music Network (SMN), Today's Christian Music (TCM) and Singing News Network (formerly Solid Gospel Network), which are radio networks that produce and distribute talk, news and music programming to radio stations throughout the United States, including several of its Salem owned stations. Salem Media Representatives (SMR) is its national advertising sales firm with offices in approximately eight cities. SMR specializes in placing national advertising on religious and other format commercial radio stations. SMR sells commercial airtime to national advertisers on its radio stations and through its networks, as well as for independent radio station affiliates.

Digital Media

The Company's Digital Media segment focuses on Web-based platform designed for audiences interested in Christian and family-themed content and conservative news. Salem Web Network (SWN) and the Company's other Web-based businesses provide Christian and conservative-themed content, audio and video streaming, and other resources through the Web. SWN's Web portals include Christian content Websites, such as OnePlace.com, a provider of on-demand, online audio streaming for approximately 200 radio programs from more than 185 popular Christian broadcast ministries; Christianity.com, which provides online Bible trivia; Crosswalk.com, which provides online devotional content; GodVine.com, an online platform designed to share inspirational, family-friendly video through Facebook and other social media outlets; Jesus.org, which offers a database of biblical answers to the questions about the life and work of Jesus Christ, and BibleStudyTools.com, a free Bible Website for verse search and in-depth studies featuring commentaries, reading plans, and other helpful resources designed as aids to Bible study.

The Company's opinion Websites include Townhall.com, an interactive community; HotAir.com, a news and commentary site with conservative news and opinions; Twitchy.com, a Website featuring selected quotes and current events centered on the United States politics, global news, sports, entertainment, media and breaking news; HumanEvents.com, an opinion Website that provides news and commentary on issues of interest to the conservative community, and RedState.com, a political news blog for right of center activists.

The Company's church product Websites include WorshipHouseMedia.com, an online church media resource; SermonSpice.com, an online provider of church media for local churches and ministries; ChurchStaffing.com, a source of job search information for churches and ministries offering a platform for personnel and staff relations; ChristianJobs.com, which provides services catering to the hiring needs of Christian-based businesses, nonprofit organizations and ministries, and SermonSearch.com, a subscription-based resource for preachers and teachers with preparation materials like sermon outlines, illustrations and preaching ideas. The Company's digital financial Websites and publications include Financial Publications, which provide market analysis and investment strategies for individual subscribers to newsletters from financial commentators; EagleDailyInvestor.com, which provides market analysis and investment strategies for individual subscribers to Web-based content from financial commentators, and DividendInvestor.com, a Website offering stock screening tools and dividend information for individual subscribers to obtain dividend information and data. The Company's digital mobile applications include Daily Bible, Daily Bible Devotion, Twitchy, HotAir, Townhall, OnePlace, Red State, Bible Study Tools, Bible Quotes, Bible Trivia, iBelieve and Spanish Bible.

The Company's e-commerce sites include Salem Consumer Products, an e-commerce business that sells books, digital video discs (DVDs) and editorial content developed by its on-air personalities, and Eagle Wellness and Gene Smart, online sites offering health advice and sales of nutritional products. The Company's e-commerce sites include ConservativeStore.com, ChristianBookstore.net, SRNStore.com and NewportNaturalHealth.com.

Publishing

The Company's publishing segment consists of Regnery Publishing, Xulon Press and Salem Publishing. Regnery Publishing is a publisher of conservative books. Xulon Press is a provider of self-publishing services for Christian and conservative authors. Salem Publishing is a print magazine division that publishes magazines on a monthly or semi-monthly basis. Content from its print magazines is also available on branded Websites designed for each publication. The Company's publications include Christian or conservative publications, such as Singing News, Homecoming The Magazine, YouthWorker Journal, Preaching Magazine and FaithTalk Magazine.

4880 SANTA ROSA RD

Peer / Competitor Companies of Broadcasting Sector

Along with Salem Media Group, Inc., the following other peer (competitor) companies also exist within the same Broadcasting - Consumer Services sector whose company profile and dividend history is as follows:

▶ Beasley Broadcast (BBGI): Beasley Broadcast Group, Inc., incorporated on November 12, 1999, is a radio broadcasting company. The Companys primary business is operating radio stations throughout the United States.As of December 31, 2016, ....See Detailed Company Profile  and Dividend History.

▶ CBS (CBS): CBS Corporation, incorporated on November 10, 1986, is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing and Local Media. The Entertainment segment comprises the ....See Detailed Company Profile  and Dividend History.

▶ CBS (CBS.A): CBS Corporation operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, ....See Detailed Company Profile  and Dividend History.

▶ Central European Media Enterprises (CETV): Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, the Slovak Republic, and Slovenia. It broadcasts a total of 31 televisio....See Detailed Company Profile  and Dividend History.

▶ Cumulus Media (CMLS): Cumulus Media Inc. owns and operates radio stations in the United States. The company operates through Radio Station Group and Westwood One segments. It sells commercial advertising time to local, reg....See Detailed Company Profile  and Dividend History.

▶ DHX Media (DHXM): DHX Media Ltd. is a creator, producer, distributor, licensor and broadcaster of kids and family television and film productions. The Company develops, produces and distributes films and television programs for ....See Detailed Company Profile  and Dividend History.

▶ E.W. Scripps (SSP): The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television s....See Detailed Company Profile  and Dividend History.

▶ Emmis Communications (EMMS): Emmis Communications Corporation, incorporated on July 17, 1986, is a media company, which focuses on radio broadcasting. The Company operates through three business segments: Radio, Publishing, and Corporate & Emerging ....See Detailed Company Profile  and Dividend History.

▶ Entercom Communications (ETM): Entercom Communications Corp., incorporated on October 21, 1968, is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot ....See Detailed Company Profile  and Dividend History.

▶ Entravision Communications (EVC): Entravision Communications Corporation (Entravision), incorporated on February 11, 2000, is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across ....See Detailed Company Profile  and Dividend History.

▶ Gray Television (GTN): Gray Television, Inc., incorporated on January 25, 1897, is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. ....See Detailed Company Profile  and Dividend History.

▶ Grupo Televisa (TV): Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces te....See Detailed Company Profile  and Dividend History.

▶ Liberty Media (BATRA): Liberty Media Corporation, incorporated on August 10, 2012, owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Companys principal businesses and assets ....See Detailed Company Profile  and Dividend History.

▶ Liberty Media (BATRK): Liberty Media Corporation, incorporated on August 10, 2012, owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Companys principal businesses and assets ....See Detailed Company Profile  and Dividend History.

▶ Liberty Media (LMCA): ....See Detailed Company Profile  and Dividend History.

▶ Liberty Media (LMCK): ....See Detailed Company Profile  and Dividend History.

▶ Liberty Media (LSXMA): Liberty Media Corporation, incorporated on August 10, 2012, owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Companys principal businesses and assets ....See Detailed Company Profile  and Dividend History.

▶ Liberty Media (LSXMB): Liberty Media Corporation, incorporated on August 10, 2012, owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Companys principal businesses and assets ....See Detailed Company Profile  and Dividend History.

▶ Liberty Media (LSXMK): Liberty Media Corporation, incorporated on August 10, 2012, owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Companys principal businesses and assets ....See Detailed Company Profile  and Dividend History.

▶ Nexstar Media (NXST): Nexstar Media Group, Inc., formerly Nexstar Broadcasting Group, Inc., incorporated on May 17, 2001, is a television broadcasting and digital media company. The Company is focused on the acquisition, development ....See Detailed Company Profile  and Dividend History.

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