Salem Media Group Announces Plan To Sell Its Salem Church Product Business For $30M
Portfolio Pulse from Bill Haddad
Salem Media Group has announced its plan to sell its Salem Church Product business for $30 million.
October 04, 2023 | 1:01 pm
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NEUTRAL IMPACT
Salem Media Group's decision to sell its Salem Church Product business could potentially free up capital for other investments or debt reduction.
The sale of the Salem Church Product business could potentially free up capital for Salem Media Group. This could be used for other investments or to reduce debt, which could improve the company's financial health. However, the impact on the stock price will depend on how the market perceives this move and the company's subsequent actions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100