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SALM Salem Media

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
Website
CEO
Edward G. Atsinger
Employees
Incorporated
Location
Fiscal year end
Former names
SALEM COMMUNICATIONS CORP /DE/
SEC CIK
IRS number
770121400

SALM stock data

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Calendar

6 May 21
31 Jul 21
31 Dec 21
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.

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 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

Financial report summary

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