salem media group is america’s leading radio broadcaster, internet content provider, and magazine and book publisher targeting audiences interested in christian and family-themed content and conservative values. in addition to its radio properties, salem owns salem radio network, which syndicates talk, news and music programming to approximately 2,600 affiliates; salem radio representatives, a national radio advertising sales force; salem web network, a leading internet provider of christian content and online streaming; and salem publishing, a leading publisher of christian themed magazines. salem owns and operates 112 radio stations, with 67 stations in the nation’s top 25 markets – and 30 in the top 10. each of our radio properties has a full portfolio of broadcast and digital marketing opportunities.
Company profile
Ticker
SALM
Exchange
Website
CEO
Edward Atsinger
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Sirius XM • Cumulus Media Inc. - Ordinary Shares • Urban One Inc - Ordinary Shares • Townsquare Media Inc - Ordinary Shares • Audacy • Spanish Broadcasting System • Emmis • Beasley Broadcast Group Inc - Ordinary Shares • Saga Communications, Inc. - Ordinary Shares • MediaCo Holding Inc - Ordinary Shares ...
Former names
SALEM COMMUNICATIONS CORP /DE/
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
15-12G
Securities registration termination
9 Feb 24
EFFECT
Notice of effectiveness
30 Jan 24
8-K
Entry into a Material Definitive Agreement
25 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jan 24
POS AM
Prospectus update (post-effective amendment)
19 Jan 24
25
Voluntary exchange delisting
8 Jan 24
Transcripts
SALM
Earnings call transcript
2023 Q3
13 Nov 23
SALM
Earnings call transcript
2023 Q2
8 Aug 23
SALM
Earnings call transcript
2023 Q1
9 May 23
SALM
Earnings call transcript
2022 Q4
8 Mar 23
SALM
Earnings call transcript
2022 Q3
3 Nov 22
SALM
Earnings call transcript
2022 Q2
7 Aug 22
SALM
Earnings call transcript
2022 Q1
14 May 22
SALM
Earnings call transcript
2021 Q4
4 Mar 22
SALM
Earnings call transcript
2021 Q3
7 Nov 21
SALM
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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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) | NaN | NaN | NaN | NaN | NaN | |
Cash burn (monthly) | 83.33 | 13.36 mm | 4.46 mm | (no burn) | 312.50 k | |
Cash used (since last report) | 579.75 | 92.94 mm | 31.03 mm | n/a | 2.17 mm | |
Cash remaining | NaN | NaN | NaN | n/a | NaN | |
Runway (months of cash) | NaN | NaN | NaN | n/a | NaN |
Institutional ownership, Q2 2023
21.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 27 |
Opened positions | 2 |
Closed positions | 3 |
Increased positions | 4 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 3.08 bn |
Total shares | 4.55 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Epperson Stuart W | 1.15 mm | $3.51 mm |
Verdad Advisers | 869.70 k | $833.00 mm |
Bridgeway Capital Management | 709.38 k | $679.45 mm |
Vanguard | 549.59 k | $526.39 mm |
BLK Blackrock | 250.48 k | $239.91 mm |
Gamco Investors | 189.50 k | $181.50 mm |
Geode Capital Management | 127.75 k | $122.36 mm |
Dimensional Fund Advisors | 103.13 k | $98.78 mm |
Gabelli Funds | 100.00 k | $95.78 mm |
Renaissance Technologies | 97.20 k | $93.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Mar 23 | Edward C. Atsinger | Stock Options Class A Common Stock | Grant | Acquire A | No | No | 1.06 | 7,500 | 7.95 k | 7,500 |
14 Mar 23 | Edward G Atsinger Iii | Stock Options Class A Common Stock | Grant | Acquire A | No | No | 1.06 | 200,000 | 212.00 k | 200,000 |
14 Mar 23 | Eric H Halvorson | Stock Options Class A Common Stock | Grant | Acquire A | No | No | 1.06 | 12,500 | 13.25 k | 12,500 |
14 Mar 23 | Jacki L Pick | Stock Options Class A Common Stock | Grant | Acquire A | No | No | 1.06 | 7,500 | 7.95 k | 7,500 |
14 Mar 23 | Heather W Grizzle | Stock Options Class A Common Stock | Grant | Acquire A | No | No | 1.06 | 7,500 | 7.95 k | 7,500 |
Press releases
"Happy Women" Podcast with Jennifer Horn and Katie Gorka Launches on the Salem Podcast Network
22 Apr 24
Salem Radio Network Announces New Radio/TV Show Focused on Issues Facing the House of Representatives, Coming April 13th
5 Apr 24
Salem Media Group has Released its Year-End 2023 Annual Report
26 Mar 24
Salem Media Group Announces Plan to Sell Its Contemporary Christian Music Stations in Nashville and Honolulu
21 Mar 24
Salem News Channel Host Mike Gallagher to Broadcast from Israel
26 Feb 24