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Salem Media Announces New Revolving Credit Facility


Salem Media Group
Salem Media Group

Salem Media Group has closed a new $26 million, 3-year asset-based revolving credit facility with Siena Lending Group, which refinanced its prior revolving facility with Wells Fargo Bank. Obligations under the New Revolving Facility are secured by a first-priority lien on the company's and its subsidiaries' accounts receivable, inventory, deposit and securities accounts, certain real estate and related assets and a second-priority lien on substantially all other assets of the company and its subsidiaries.

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Latest Radio Stories

Cumulus Q1 Net Revenue Down 2.7% to $200.05 Million
Cumulus Media
Cumulus Media
Cumulus Media reported first quarter net revenue fell 2.7% to $200.05 million from $205.6 million in 2023. Total broadcast revenue declined 5.6% to $139.7 million from $148 million, while digital climbed 7.3% to $34.4 million from $32 million. More

KSLZ (Z107.7)/St. Louis Names Haze as APD/Afternoons
Dustin ''Haze'' Monroe
Dustin ''Haze'' Monroe
iHeartMedia/St. Louis names Dustin "Haze" Monroe as Assistant Program Director for KSLZ (Z107.7) in St. Louis, effective immediately. He'll also handle afternoons weekdays from 3-7pm. Haze is a long-time radio veteran who attended the American More

iHeartPodcasts Debuts ''Rapaport's Reality'' Weekly Podcast
''Rapaport's Reality''
''Rapaport's Reality''
iHeartPodcasts, together with Michael and Kebe Rapaport, have debuted the new weekly podcast entitled "Rapaport's Reality." New episodes will be available each Wednesday. Hosts actor/comedian and podcaster Michael Rapaport, and his wife, actor and More
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''X-Ray Vision'' Joins iHeartPodcasts for Third Season
''X-Ray Vision''
''X-Ray Vision''
The nerd culture podcast is back with two new episodes per week starting with an interview with comics legend James Tynion IV. "X-Ray Vision" takes listeners on a journey through the zeitgeist-iest films, TV shows and comics. Hosts Jason Concepcion More

Wondery Announces New True Crime Anthology Series
''Happily Never After''
''Happily Never After''
Wondery announces its new true crime anthology podcast series "Happily Never After" and its inaugural season, "Happily Never After: Dan & Nancy." The program continues the tradition of emotionally driven, immersive stories with compelling characters More

Entravision Q1 2024 Net Revenue Up 16% to $277.4 Million
Entravision Communications
Entravision Communications
Entravision Communications reported first quarter net revenues rose 16% to $277.4 million from $239 million in 2023. The increase was primarily due to rises in ad revenue from its digital business units and political ad revenue in its audio & TV More

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