Salem Media (SALM)

Salem Media Group is America's leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape.

Company profile

Ticker

SALM

Exchange

NASDAQ

Website

salemmedia.com

CEO

Edward G. Atsinger

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Information > Radio Networks

Industry (SIC)

Radio Broadcasting Stations

iHeartMedia • Sirius XM • Cumulus Media • Urban One • Townsquare Media • Audacy • Spanish Broadcasting System • Emmis Communications • Beasley Broadcast • Saga Communications ...

Former names

SALEM COMMUNICATIONS CORP /DE/

SEC CIK

0001050606

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Air Hot, Inc. • Bison Media, Inc. • Salem Communications Holding Corporation • Eagle Products, LLC • Inspiration Media, Inc. • Inspiration Media • New Inspiration Broadcasting Company, Inc. • News Aggregator, LLC • NI Acquisition Corporation • Reach Satellite Network, Inc. ...

IRS number

770121400

SALM stock data

1M 1Y 5Y

News

From Benzinga Pro

Overview Of Value Stocks In The Communication Services Sector

8 Aug 22

What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

12 Communication Services Stocks Moving In Thursday's After-Market Session

4 Aug 22

Gainers

Salem Media Group Q2 EPS $0.33 Up From $0.08 YoY, Sales $68.70M Up From $63.78M YoY

4 Aug 22

Salem Media Group (NASDAQ:SALM) reported quarterly earnings of $0.33 per share. This is a 312.5 percent increase over earnings of $0.08 per share from the same period last year. The company reported $68.70 million in

Earnings Scheduled For August 4, 2022

4 Aug 22

Salem News Channel Begins Top And Bottom Of The Hour News

6 Jul 22

Press releases

From Benzinga Pro

Sekulow Brothers Podcast Launches on the Salem Podcast Network

18 Aug 22

Salem Media Group, Inc. (NASDAQ:SALM) announced today the launch of the Sekulow Brothers Podcast with Jordan and Logan Sekulow on the Salem Podcast Network. The first episode of this new podcast will be released on

Salem Media Announces Promotion of Jon Latzer

16 Aug 22

Salem Media Group, Inc. (NASDAQ:SALM) announced today that it has promoted industry veteran Jon Latzer as Vice President and General Manager of Salem Surround beginning Monday, August 29th. Latzer has spent the last

Salem Media Group Schedules Second Quarter 2022 Earnings Release and Teleconference

28 Jul 22

Salem Media Group, Inc. (NASDAQ:SALM) announced today that it plans to report its second quarter 2022 financial results after the market closes on August 4, 2022. The company also plans to host a teleconference to

Salem News Channel hires Pahigian as VP/GM

14 Jul 22

Salem Podcast Network Welcomes Morgan Zegers to Its Line-Up

13 Jul 22

Calendar

4 Aug 22

20 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SALM financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.54M	2.54M	2.54M	2.54M	2.54M	2.54M
Cash burn (monthly)	(no burn)	1.44M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	2.43M	n/a	n/a	n/a	n/a
Cash remaining	n/a	107.94K	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	0.1	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Salem Media earnings reports.

Recent insider trades

SALM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Mar 22	David P Santrella	Class A Common Stock	Grant	Acquire A	No	No	0	6,684	0	42,535
1 Mar 22	David Evans	Class A Common Stock	Grant	Acquire A	No	No	0	8,170	0	8,170
2 Jan 22	David P Santrella	Stock Options Common Stock	Grant	Acquire A	No	No	3.26	50,000	163K	50,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SALM institutional ownership history Ownership history

50.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	38	38	–
Opened positions	4	5	-20.0%
Closed positions	4	10	-60.0%
Increased positions	10	13	-23.1%
Reduced positions	10	9	+11.1%

13F shares	Current	Prev Q	Change
Total value	16.66M	14.61M	+14.0%
Total shares	5.03M	4.77M	+5.3%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Epperson Stuart W	1.15M	$3.51M	0.0%
Bridgeway Capital Management	667.32K	$2.26M	+10.6%
Vanguard	553.99K	$1.88M	+9.7%
Verdad Advisers	546.92K	$1.85M	+75.3%
Acadian Asset Management	293.17K	$992K	-28.1%
BLK Blackrock	281.05K	$952K	-0.5%
Marshall Wace	206.65K	$701K	+21.7%
BCS Barclays	194.53K	$659K	+94.5%
GBL Gamco Investors	187K	$634K	0.0%
Dimensional Fund Advisors	163.36K	$554K	+75.7%

Largest transactions	Shares	Bought/sold	Change
Verdad Advisers	546.92K	+234.92K	+75.3%
Renaissance Technologies	117.7K	-116.86K	-49.8%
Acadian Asset Management	293.17K	-114.78K	-28.1%
BCS Barclays	194.53K	+94.53K	+94.5%
Dimensional Fund Advisors	163.36K	+70.37K	+75.7%
Bridgeway Capital Management	667.32K	+63.7K	+10.6%
Citadel Advisors	0	-62.7K	EXIT
Vanguard	553.99K	+49.03K	+9.7%
Marshall Wace	206.65K	+36.8K	+21.7%
VIRT Virtu Financial	0	-32.25K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Good

New words: America, analyzed, beneficiary, Boston, CA, CCM, Col, constant, corded, Diego, documentary, equivalent, FL, GA, GDP, Gordon, Greenfield, Greenville, hypothetical, IL, installed, MA, MN, moderate, OneParty, OPA, PA, Pecaro, premise, publicly, Rock, SC, signal, stick, TX, VIE, withdrawal, withinAccounting, yearly

Removed: approximated, arise, assigned, authorized, award, bargain, behavior, ceased, commensurate, contractually, curve, distancing, effectively, exit, exposed, forfeiture, grant, granted, hard, hit, lowest, narrow, observable, outbreak, overdraft, participate, passed, pledged, rapid, recipient, reduced, referred, remained, Restated, salary, shut, structured, substantial, unconsolidated, Word

From filing 10-Q 2022 Q2

Financial reports

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