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Salem Media Group Announces Quarterly Cash Distribution


Salem Media Group
Salem Media Group

Salem Media Group has announced that its board of directors has declared a cash distribution for the third quarter of 2019 in the amount of $0.065 per share. The cash distribution will be paid on September 30 to all Class A and Class B common stockholders of record as of September 23.

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Latest Radio Stories

Connoisseur Media Sells 94.5 FM Signal to K-Love
KBAY-FM/San Francisco
KBAY-FM/San Francisco
Connoisseur Media has agreed to sell the 94.5 FM signal licensed to Gilroy, CA, currently known as KBAY-FM, to K-Love Inc. for $2 million. The transaction, which is subject to FCC approval, is expected to close in early fall. Despite the sale, Connoisseur will retain the KBAY-FM call letters, More

Don Boyd Expands Cumulus Regional Leadership
Don Boyd
Don Boyd
Cumulus Media has promoted Don Boyd to Regional Vice President, expanding his leadership responsibilities to include the company's radio operations in Baton Rouge, Lafayette and New Orleans, Louisiana, as well as Columbus-Starkville, MS. Boyd will continue overseeing Cumulus in Mobile, AL while adding More

John Clay Wolfe Show Lands Expanded iHeart Deal
John Clay Wolfe
John Clay Wolfe
The John Clay Wolfe Show is expanding its national radio presence as it celebrates its 20th anniversary, thanks to a new multi-year agreement with iHeartMedia. Beginning July 11, the four-hour Saturday morning program will air on 116 iHeartMedia stations nationwide, more than doubling its previous More
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Study: AM/FM Dominates Listening Among BMW Drivers
Cumulus Media and Westwood One
Cumulus Media and Westwood One
New research highlighted by Cumulus Media | Westwood One's Audio Active Group shows AM/FM radio remains the dominant ad-supported audio platform among BMW drivers, reinforcing radio's value for automakers and dealers looking to reach both loyal customers and buyers of competing brands. In a new blog More

FCC Approves Updated iHeart Foreign Ownership Plan
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
The FCC's Media Bureau has approved iHeartMedia's request to update its foreign ownership structure, clearing the way for several new foreign individuals and affiliated entities to hold indirect ownership interests in the company while leaving previously authorized ownership limits unchanged. In a More

SMAC, AMP Media Launch New Podcast Network
SMAC and AMP Media
SMAC and AMP Media
SMAC Productions is expanding its content portfolio into podcasting through a new partnership with AMP Media, launching The Intersection, a podcast network focused on sports, entertainment, business and culture. The new network will debut later this year with two flagship shows featuring well-known More

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