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SMG Withdraws Q1 2020 Guidance Due to Impact of COVID-19


Salem Media Group
Salem Media Group

Salem Media Group is withdrawing its revenue and operating expense guidance for the first quarter of 2020 due to the growing social and economic impact of the COVID-19 pandemic. Based on current indications, Salem expects total first quarter 2020 revenue will be less than previously projected as a result of decreased revenues from advertising, programming, events and book sales.

Due to continuing uncertainties regarding the ultimate scope and trajectory of COVID-19's spread and evolution, the effects of the pandemic on Salem's audiences, programmers and advertisers, and current and potential future governmental restrictions that may be adopted in the markets in which Salem operates, Salem says it's impossible to predict the total impact that the pandemic may have on its business.

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Pamal to Acquire Galaxy Media's 10 Radio Stations
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Pamal Broadcasting has reached an agreement to acquire Galaxy Media's 10 radio stations in the Syracuse and Utica, NY markets, expanding the Albany-based broadcaster's footprint across upstate New York. Financial terms were not disclosed. The transaction is subject to FCC More

Nielsen Delists WLNO Over PPM Panel Violation
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MIW Sets AI for Content Creators Webinar
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La Exitosa's Gloria B Named Madrina of NJ Parade
Gloria B
Gloria B
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