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Salem Media Group to Hold Virtual Stockholders Meeting

Salem Media Group

Salem Media Group will host its 2020 annual meeting of stockholders virtually due to the public health impact of the COVID-19 pandemic and to prioritize the health and well-being of meeting participants. The 2020 annual meeting of stockholders will be held in a virtual format only at More

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

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 More

Salem Radio Network, Hugh Hewitt Ink Contract Extension

Hugh Hewitt

Salem Radio Network talk host Hugh Hewitt has agreed to terms on a contract extension, keeping him on the air through December, 2028. He's been broadcasting for Salem since July, 2000 and currently airs his national program from 6-9am ET. Hewitt's national footprint has grown to over 450 affiliates across More

Salem Radio to Produce ''Coronavirus Pandemic'' Special

Salem Radio Network

The Salem Radio Network will produce and broadcast a live one-hour special report on the coronavirus on Wednesday March 18 at 6pm on most SRN affiliated stations. The program will feature the latest updates on what is unfolding with this major breaking news story, as well as providing listeners with critical More

Salem Media Group Q4 Total Revenue Down 3.8%, Loss Widens

Salem Media Group

Salem Media Group reported fourth quarter total revenue decreased 3.8% to $64.6 million from $67.2 million in 2018. Net broadcast revenue declined 1.2% to $50.5 million from $51.1 million, while Station Operating Income (SOI) was down 0.8% to $12.5 million from $12.6 million. Total More

Salem Media Group Announces Quarterly Cash Distribution

Salem Media Group

Salem Media Group has announced that its board of directors has declared a cash distribution for the first quarter of 2020 in the amount of $0.025 per share. The cash distribution will be paid on March 31, 2020 to all Class A and Class B common stockholders of record as of March 24. More

Motor Racing Network Kicks Off 50th Anniversary Season

Motor Racing Network

Motor Racing Network will "throw the Green Flag" on its 50th season of NASCAR coverage with almost 30 hours of programming originating from the "World Center of Racing," Daytona International Speedway from February 8-16. Commonly known as Daytona Speedweeks, its announcers and More

Rush Limbaugh Announces Advanced Lung Cancer Diagnosis

Rush Limbaugh

Sad to report that Premiere Networks syndicated talk host Rush Limbaugh made an on-air announcement Monday that he'd been diagnosed with advanced lung cancer. The legendary host will be off the air Tuesday, Wednesday and Thursday while receiving treatment. Limbaugh said, "This day has been one of the More

FCC Enters Consent Decree With Salem Media for $50,000

FCC

The FCC's Enforcement Bureau has entered into a Consent Decree to resolve its investigation into whether Salem Media Group violated the agency's live broadcast rules by airing pre-recorded programming as "live" without announcing before the broadcast that the programming was More

Salem Radio Network to Syndicate the ''Dan Proft Show''

Dan Proft

Salem Radio Network will syndicate the "Dan Proft Show" on the SRN platform, beginning January 2 from 9pm to midnight. Proft will continue to co-host the morning show on News/Talk WIND-AM (AM 560 The Answer)/Chicago with Amy Jacobson. The new show will take the time slot vacated by Joe Walsh when he decided More

Salem Media Group Announces Quarterly Cash Distribution

Salem Media Group

Salem Media Group has announced that its board of directors has declared a cash distribution for the fourth quarter of 2019 in the amount of $0.025 per share. The cash distribution will be paid on December 30, 2019 to all Class A and Class B common stockholders of record as of More

Report: Silverman Says KNUS Pulled Him Over Trump Criticizism

Craig Silverman

Conservative radio host Craig Silverman was abruptly taken off the air in the middle of his show on Saturday at Salem Media Group's KNUS-AM/Denver, reports. Clare Duffy of CNN Business. He was reportedly covering the impeachment hearings and Silverman says the station didn't like his criticism of President More

Salem Radio Network Adds ''War Room: Impeachment'' Show

Salem Radio Network

Salem Radio Network will begin airing nightly broadcasts of "War Room: Impeachment" on Monday, November 18 at 9:06pm. The new radio program will focus on the historic impeachment inquiry of President Donald J. Trump. Hosted by conservative leader Steve Bannon, the show is being produced in cooperation with More

Salem Media Group Q3 Total Revenue Down 2.2% to $64.1M

Salem Media Group

Salem Media Group reported third quarter total revenue declined 2.2% to $64.1 million from $65.5 million. Net broadcast revenue fell 2.3% to $47.7 million from $48.8 million, while station operating income (SOI) decreased 11% to $10.4 million from $11.7 million. Adjusted EBITDA fell More

Salem Media Group Re-schedules Q3 Earnings Release

Salem Media Group

Salem Media Group has re-scheduled its earnings release and plans to report its third quarter 2019 financial results at 12pm PT on November 12. The company also plans to host a teleconference to discuss its results on November 12 at 1pm PT. The company announced last Wednesday that More

Salem Media Postpones Third Quarter 2019 Earnings Release

Salem Media Group

Salem Media Group announced Wednesday that it would postpone the release of its third quarter 2019 financial results to accommodate the additional time required by the company and its independent auditors to finalize the analysis of valuation allowances for deferred taxes. The More

Salem Debuts AM 990 The Answer in Philadelphia

This morning in Philadelphia, NewsTalk 990 AM WNTP became Philadelphia's AM 990, The Answer, courtesy of Salem Media Group. Newly-signed Chris Stigall, longtime Philadelphia radio personality, anchored the launch with Philadelphia's Morning Answer with Chris Stigall. He'll host the program weekdays from More

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