Revenue up but net income down at Salem Media Group
Story updated at 10:40 a.m. March 10: Salem Media Group, a Christian and conservative media company based in Camarillo, announced a decline in fourth quarter and full year net income, despite revenue increases. Revenues for the quarter ended Dec. 31 came to $70.7 million, up from $69.1 million for the fourth quarter of 2015. Full Read More →
Salem Media Group acquires ChristianConcertAlerts.com
Camarillo-based Christian and conservative radio company Salem Media Group announced the acquisition of ChristianConcertAlerts.com. The website provides tour and event dates for more than 300 Christian musicians and 4,000 venues in the U.S. “I started ChristianConcertAlerts.com as a way to mobilize Christians across America in spreading the latest news about their favorite artists’ albums and tours and Read More →
Salem Media agrees to let Word Broadcasting operate Louisville stations
Salem Media Group, a Christian conservative radio company based in Camarillo, announced Dec. 23 that it will allow its Louisville, Kentucky stations to be operated by Pennsylvania-based Word Broadcasting Network under a marketing agreement effective Jan. 3. Word Broadcasting owns and operates 12 radio stations in Louisville. Salem owns an FM Christian teaching and talk Read More →
Salem misses earnings estimates for third quarter
Salem Media Group beat analyst revenue estimates but missed earnings per share estimates, according to third quarter earnings reported Nov. 7. Salem Media Group, a Camarillo-based Christian and conservative radio operator, reported revenues of $71.3 million, up from $67.5 million in 2015, which topped analyst estimates by $2.5 million. Net income rose from $2.1 million Read More →
Salem Media beats revenue estimates but misses on earnings per share
Salem Media Group beat analyst revenue estimates but missed earnings per share estimates when it reported first quarter earnings May 4. Salem Media Group, a Camarillo-based Christian and conservative radio operator, reported revenues of $64.6 million, up from $61.9 million in 2015, which topped analyst estimates of $63.43 million, according to S&P Capital IQ. Net Read More →
Camarillo’s Salem Media acquires Retirement Watch
Camarillo-based Christian and conservative radio operator Salem Media Group acquired RetirementWatch.com and Retirement Watch newsletter on April 4. Salem announced the deal just before markets opened. Retirement Watch offers independent research and advice about retirement planning. The site provides information about the financial aspects of retirement planning: investments, Social Security and estate planning, among others. Read More →
