Salem Media to Sell CCM Stations in Nashville & Honolulu
| RADIO ONLINE | Thursday, March 21, 2024 |
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 Salem Media Group |
Salem Media Group has agreed to sell its Contemporary Christian Music (CCM) stations in Nashville and Honolulu to Educational Media Foundation (EMF). EMF operates Christian music stations across the U.S. known as K-Love and Air1. Salem says its Today's Christian Music (TCM) network is not affected by these sales. The company expects to close on the sale of these stations sometime in late May or early June.
Salem Media CEO David Santrella stated, "Salem remains steadfast in our commitment to paying down debt and reducing our overall leverage. The sale of these radio stations helps achieve those goals. At the same time, we are focused on the stations staying in mission format. We are happy to be working with our good friends at EMF to continue impacting lives through music. We are grateful for our staff at these stations that have worked tirelessly over the years."
Santrella continued, "With this change, Mike Blakemore, Salem's VP of CCM Programming, will provide focus and leadership to programming TCM, which remains an important part of Salem's content offerings."
