Salem Media Group Reaches Agreement With Skyhorse Publishing To Sell Regnery Publishing, Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Salem Media Group has reached an agreement to sell Regnery Publishing to Skyhorse Publishing. The financial terms of the deal have not been disclosed.
December 26, 2023 | 5:57 pm
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Salem Media Group has agreed to sell its subsidiary, Regnery Publishing, to Skyhorse Publishing. The financial terms of the transaction have not been made public.
The sale of a subsidiary can have various impacts on a company's financials. Without the terms being disclosed, it's unclear whether the sale will be beneficial or detrimental to Salem Media Group's bottom line. The impact is scored neutral until more details emerge. The relevance is high as it directly involves Salem Media Group, and the importance is significant as it pertains to the divestiture of a business unit. Confidence is not at the maximum due to the lack of financial details.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100