Salem Media Group, Inc. (SALM)

OTCMKTS: SALM · Delayed Price · USD
0.398
+0.012 (3.11%)
Apr 12, 2024, 3:01 PM EDT - Market closed
Market Cap 10.83M
Revenue (ttm) 261.57M
Net Income (ttm) -45.75M
Shares Out 27.22M
EPS (ttm) -1.68
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 9,915
Open 0.410
Previous Close 0.386
Day's Range 0.390 - 0.410
52-Week Range 0.240 - 1.090
Beta 0.88
Analysts Strong Buy
Price Target 4.50 (+1,030.65%)
Earnings Date Mar 6, 2024

About SALM

Salem Media Group, Inc. operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and ... [Read more]

Industry Broadcasting
IPO Date Jul 1, 1999
Employees 1,147
Stock Exchange OTCMKTS
Ticker Symbol SALM
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for SALM stock is "Strong Buy" and the 12-month stock price forecast is $4.5.

Price Target
$4.5
(1,030.65% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Salem Radio Network Announces New Radio/TV Show Focused on Issues Facing the House of Representatives, Coming April 13th

CAMARILLO, Calif.--(BUSINESS WIRE)--Salem Radio Network Announces new Radio/TV show focused on issues facing the House of Representatives, coming April 13th.

8 days ago - Business Wire

Salem Media Group has Released its Year-End 2023 Annual Report

CAMARILLO, Calif.--(BUSINESS WIRE)--Salem Media Group has Released its Year-End 2023 Financial Reporting Package.

17 days ago - Business Wire

Salem Media Group Announces Plan to Sell Its Contemporary Christian Music Stations in Nashville and Honolulu

CAMARILLO, Calif.--(BUSINESS WIRE)--Salem Media Group Announces Plan to Sell Its Contemporary Christian Music Stations in Nashville and Honolulu.

22 days ago - Business Wire

Top 3 Tech & Telecom Stocks That Are Preparing To Pump This Month - AMC Enter Hldgs (NYSE:AMC), Salem Media Group (NASDAQ:SALM)

The most oversold stocks in the communication services presents an opportunity to buy into undervalued companies.

Other symbols: AMCYY
3 months ago - Benzinga

Anderson Receives Corporate VP Stripes and Murphy Elevated to Twin Cities GM at Salem Media Group

IRVING, Texas--(BUSINESS WIRE)--Anderson Receives Corporate VP Stripes and Murphy Elevated to Twin Cities GM at Salem Media Group.

3 months ago - Business Wire

INSERTING and REPLACING Salem Media Group Announces Voluntary Delisting from the Nasdaq Global Market

IRVING, Texas--(BUSINESS WIRE)--Insert of four additional paragraphs after paragraph two. The updated release reads: SALEM MEDIA GROUP ANNOUNCES VOLUNTARY DELISTING FROM THE NASDAQ GLOBAL MARKET Salem...

3 months ago - Business Wire

Salem Media Group Announces Voluntary Delisting from the Nasdaq Global Market

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group, Inc. (the “Company”) (NASDAQ: SALM) announced today that it has given formal notice to the Nasdaq Stock Market of its intention to voluntarily delist...

3 months ago - Business Wire

Salem Media Group Announces New Revolving Credit Facility with Siena Lending Group

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group Announces New Revolving Credit Facility with Siena Lending Group.

3 months ago - Business Wire

Salem Media Group Announces the Sale of Regnery Publishing

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group, Inc. (NASDAQ: SALM) announced today that it has reached an agreement with Skyhorse Publishing to sell Regnery Publishing. The company expects to clos...

3 months ago - Business Wire

Salem Media Group, Inc. Announces Third Quarter 2023 Total Revenue of $63.5 Million

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group, Inc. Announces Third Quarter 2023 Total Revenue of $63.5 Million.

5 months ago - Business Wire

Salem Media Group Schedules Third Quarter 2023 Earnings Release and Teleconference

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group Schedules Third Quarter 2023 Earnings Release and Teleconference.

5 months ago - Business Wire

Salem Media Group Announces Partnership with Just The News

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group Announces Partnership with Just The News.

5 months ago - Business Wire

Salem Media Group's La Nueva Poderosa 670 AM Partners with The Weather Channel en Español

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group's La Nueva Poderosa 670 AM Partners with The Weather Channel en Español.

6 months ago - Business Wire

Salem Media Group Announces Plan to Sell Its Salem Church Product Business

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group Announces Plan to Sell Its Salem Church Product Business.

6 months ago - Business Wire

Salem Media Group Announces New Podcast with Dr. Joseph Casciani on the Senior Resource Podcast Network

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group Announces New Podcast with Dr. Joseph Casciani on the Senior Resource Podcast Network.

7 months ago - Business Wire

Salem Media Announces New Kids Podcast with Rachael Groll of Hearing Jesus on the LifeAudio Podcast Network

IRVING, Texas--(BUSINESS WIRE)--Salem Media Announces New Kids Podcast with Rachael Groll of Hearing Jesus on the LifeAudio Podcast Network.

7 months ago - Business Wire

Salem Media Group Announces Plan to Sell Its Greenville Radio Stations

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group Announces Plan to Sell Its Greenville Radio Stations.

8 months ago - Business Wire

Top 5 Tech And Telecom Stocks That May Explode This Month - Angi (NASDAQ:ANGI), PubMatic (NASDAQ:PUBM)

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

Other symbols: PUBMANGIRBLXZI
8 months ago - Benzinga

Salem Media Group, Inc. Announces Second Quarter 2023 Total Revenue of $65.8 Million

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group, Inc. Announces Second Quarter 2023 Total Revenue of $65.8 Million.

8 months ago - Business Wire

Salem Media Group Schedules Second Quarter 2023 Earnings Release and Teleconference

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group Schedules Second Quarter 2023 Earnings Release and Teleconference.

9 months ago - Business Wire

Salem Media Announces Management Changes

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group, Inc. (NASDAQ: SALM) announced today some changes to the management structure of the company in a limited number of markets. These changes provide som...

9 months ago - Business Wire

Top 5 Tech And Telecom Stocks That May Rocket Higher This Month - Vinco Ventures (NASDAQ:BBIG), Kubient (NASDAQ:KBNT)

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

Other symbols: BBIGKBNTSOPAUSM
11 months ago - Benzinga

Salem Media Group, Inc. Announces First Quarter 2023 Total Revenue of $63.5 Million

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group, Inc. Announces First Quarter 2023 Total Revenue of $63.5 Million.

1 year ago - Business Wire

Salem Media Group Schedules First Quarter 2023 Earnings Release and Teleconference

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group Schedules First Quarter 2023 Earnings Release and Teleconference.

1 year ago - Business Wire

Salem Media Group Announces New Podcast with Meredith Chen on the Senior Resource Podcast Network

IRVING, Texas--(BUSINESS WIRE)--Salem Media Group, Inc. (NASDAQ: SALM) announced today the launch of the podcast show Senior Fitness with Meredith on Salem-owned SeniorResource.com. Host Meredith Chen...

1 year ago - Business Wire