SALM Salem Media Dashboard

Salem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media and Publishing. The Broadcast segment owns and operates radio stations in large metropolitan markets, which includes national and local programming content. The Digital Media segment offers Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web. The Publishing segment comprises of book publishing, self-publishing services and print and digital magazines. The company was founded by Stuart W. Epperson and Edward G. Atsinger III in 1986 and is headquartered in Camarillo, CA.

Company profile

Ticker

SALM

Exchange

NASDAQ

Website

salemmedia.com

CEO

Edward G. Atsinger

Incorporated

Delaware

Location

California

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

IRS number

770121400

SALM stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

10 Communication Services Stocks Moving In Tuesday's Intraday Session

13 Jul 21

9 Communication Services Stocks Moving In Monday's After-Market Session

12 Jul 21

Gainers

12 Communication Services Stocks Moving In Friday's Intraday Session

2 Jul 21

Salem Media Reports Partnership With Dinesh D'Souza On New Documentary

17 Jun 21

Salem Media Group Conceives New Influencer Marketing Endeavor

15 Jun 21

Press releases

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Salem Media Group Announces the Extension of "America First with Sebastian Gorka"

27 Jul 21

Salem Media Group, Inc. (NASDAQ:SALM) announced today that Salem Radio Network has extended the contract for "America First with Sebastian Gorka," in a multi-year agreement. Dr. Gorka began the program in January, 2019,

Salem Media Group Schedules Second Quarter 2021 Earnings Release and Teleconference

26 Jul 21

Salem Media Group, Inc. (NASDAQ:SALM) announced today that it plans to report its second quarter 2021 financial results at 3:00 P.M. Central Time on August 4, 2021. The company also plans to host a teleconference to

Salem Media Group Announces Carl Jackson to Replace Larry Elder

13 Jul 21

Salem Media Group, Inc. (NASDAQ:SALM) announced today that Salem Radio Network national host, Larry Elder, threw his hat into the ring to run for Governor of the State of California. That means that Salem must replace

Salem Media Group Announces Partnership with Dinesh D'Souza on a New Documentary

17 Jun 21

Salem Media Group Announces New Influencer Marketing Venture

15 Jun 21

Calendar

6 May 21

31 Jul 21

31 Dec 21

Financial summary

Financial statements Chart SALM financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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
1 Jul 21	Christopher J Henderson	Stock Option Class A Common Stock	Grant	Aquire A	No	No	2.6	50,000	130K	50,000
12 Mar 21	David P Santrella	Class A Common Stock	Sell	Dispose S	No	No	3.3381	2,030	6.78K	35,851
12 Mar 21	David P Santrella	Class A Common Stock	Option exercise	Aquire M	No	No	2.74	2,030	5.56K	37,881
12 Mar 21	David P Santrella	Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	2.74	2,030	5.56K	97,970
11 Mar 21	David P Santrella	Class A Common Stock	Sell	Dispose S	No	No	3.2873	12,254	40.28K	35,851
11 Mar 21	David P Santrella	Class A Common Stock	Option exercise	Aquire M	No	No	2.74	12,254	33.58K	48,105
11 Mar 21	David P Santrella	Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	2.74	12,254	33.58K	87,746
10 Mar 21	David P Santrella	Class A Common Stock	Sell	Dispose S	No	No	3.2713	5,716	18.7K	35,851
10 Mar 21	David P Santrella	Class A Common Stock	Option exercise	Aquire M	No	No	2.74	5,716	15.66K	41,567
10 Mar 21	David P Santrella	Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	2.74	5,716	15.66K	54,824

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

Institutional ownership Q1 2021

SALM institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

21.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	37	2	+1750.0%
Opened positions	36	2	+1700.0%
Closed positions	1	31	-96.8%
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	11.07M	1.19M	+828.7%
Total shares	4.51M	1.15M	+293.2%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Epperson Stuart W	1.15M	$1.19M	0.0%
Verdad Advisers	689K	$2.03M	NEW
Acadian Asset Management	384.97K	$1.13M	NEW
Vanguard	355.76K	$1.05M	NEW
BLK Blackrock	337.14K	$992K	NEW
Bridgeway Capital Management	271.5K	$798K	NEW
GBL Gamco Investors	270K	$794K	NEW
Renaissance Technologies	153.71K	$452K	NEW
Gabelli Funds	130K	$382K	NEW
MS Morgan Stanley	106.88K	$314K	NEW

Largest transactions	Shares	Bought/sold	Change
Verdad Advisers	689K	+689K	NEW
Acadian Asset Management	384.97K	+384.97K	NEW
Vanguard	355.76K	+355.76K	NEW
BLK Blackrock	337.14K	+337.14K	NEW
Bridgeway Capital Management	271.5K	+271.5K	NEW
GBL Gamco Investors	270K	+270K	NEW
Renaissance Technologies	153.71K	+153.71K	NEW
Gabelli Funds	130K	+130K	NEW
MS Morgan Stanley	106.88K	+106.88K	NEW
Geode Capital Management	87.94K	+87.94K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

During the year ended December 31, 2020, we completed repurchases of $3.5 million of the Notes for $3.4 million in cash, recognizing a net gain of $49,000 after adjusting for bond issuance costs compared to repurchases of compared to repurchases of $18.7 million of the Notes for $16.8 million in cash, recognizing a net gain of $1.7 million after adjusting for bond issuance costs during the prior year as detailed in Note 13—Long-Term Debt in the notes to our Consolidated Financial Statements contained in Item 8 of this annual report.
Distributions of $0.7 million ($0.025 per share) were declared and paid in March 2020 compared to distributions of $5.8 million ($0.025 per share) during the prior year as detailed in Note 19—Equity Transactions in the notes to our Consolidated Financial Statements contained in Item 8 of this annual report.
The operating results of our business acquisitions and asset purchases are included in our consolidated results of operations from their respective closing date or the date that we began operating them under an LMA or TBA. The operating results of business and asset divestitures are excluded from our consolidated results of operations from their respective closing date or the date that a third-party began operating them under an LMA or TBA.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: accrual, atsinger, Bryan, CAA, California, Carlson, Centerline, Certification, Charlie, corner, description, diligence, discharged, duly, education, edward, escrow, evan, Exhibit, Extensible, extension, fallout, forgivable, forgiven, Gospel, half, herewith, Index, Kirk, Lewisville, masyr, passed, Paycheck, payroll, Perry, PPP, prevent, reeling, registration, Riley, Robert, round, satisfaction, SBA, shelf, slight, slightly, Solid, southwest, sufficient, Sunday, thereunto, Threat, Todd, Trader, Triple, undersigned, unemployment, variation, virtual, widely, XBRL

Removed: accreted, Ann, Antonio, Atlanta, attributed, blended, body, Boston, build, clarify, column, commit, compete, concession, constant, Coulter, customized, David, declining, deferral, deficit, Denver, derive, detail, development, directed, discontinuing, divested, downgraded, Ed, Emerging, engine, entice, equivalent, existed, expenditure, expertise, fulfilling, gave, GDP, Gingrich, Gordon, Greenfield, grew, Houston, hypothetical, identity, installed, intention, internally, invested, issuer, Klein, lieu, Limbaugh, line, mandatory, Mark, masthead, met, Mike, Missouri, Natural, negotiating, netted, Newport, Newt, noted, nutritional, obtaining, optimization, Organization, outlook, owner, Pecaro, permission, perpetuity, pertaining, planned, precautionary, predefined, premise, promise, publicly, publisher, pure, quality, ranging, rapidly, reforecast, relationship, renegotiated, retargeted, school, seller, separately, serve, session, situation, speculative, spend, SSP, St, Steelehouse, Steyn, stylized, suspension, Task, terminal, transferring, treated, true, Turner, typeset, utilize, yearly

From filing 10-Q 2021 Q1