Streetbeat News

SALM

Salem Media Group Inc

http://salemmedia.com/

CEO

Edward Atsinger

Employees

1,580

Industry

Radio Networks

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.

Open

0.17

Mkt cap

5.4M

Volume

21K

High

0.20

P/E Ratio

-0.12

52-wk high

0.65

Low

0.17

Div yield

N/A

52-wk low

0.15

Salem Media Group has released its third quarter 2024 quarterly report, providing insights into its financial performance.

Portfolio Pulse from

November 08, 2024 | 7:45 pm

The article highlights three oversold tech and telecom stocks with RSI values near or below 30, indicating potential buying opportunities. AMC Entertainment Holdings, Inc. (NYSE:AMC) reported record-breaking box office sales from a Taylor Swift concert film, yet its stock fell 9% over five days. Salem Media Group, Inc. (NASDAQ:SALM) announced its voluntary delisting from Nasdaq, leading to a 24% stock decline over five days. JOYY Inc. (NASDAQ:YY) received a notice terminating a Share Purchase Agreement with a Baidu affiliate, causing a 26% drop in its stock over the past month.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 12:08 pm

DatChat, Inc. (NASDAQ:DATS) shares plummeted by approximately 33% in pre-market trading due to the announcement of a proposed underwritten public offering of common stock. Other stocks experienced significant movement in pre-market trading, with some notable gainers including RiskOn International, Inc. (NASDAQ:ROI), Meta Materials Inc. (NASDAQ:MMAT), and Solid Power, Inc. (NASDAQ:SLDP), while losers included Phunware, Inc. (NASDAQ:PHUN) and Remark Holdings, Inc. (NASDAQ:MARK).

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:18 pm

In Wednesday's pre-market session, several communication services stocks experienced significant movements. Gainers included Society Pass, Starbox Group Hldgs, 36KR Holdings, Charge Enterprises, Hanryu Holdings, and Outbrain, with increases ranging from 6.34% to 8.8%. Conversely, Global Mofy Metaverse, Nextdoor Holdings, Tencent Music Enter Gr, Arena Group Holdings, Salem Media Group, and Baidu saw their stock prices decline between 4.69% and 9.2%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 1:06 pm

In Tuesday's after-market session, several communication services stocks experienced movement. Starbox Group Holdings (STBX) and Society Pass (SOPA) were among the gainers, with shares rising 8.7% and 5.6%, respectively. BuzzFeed (BZFD), VS Media Holdings (VSME), Surgepays (SURG), and Zhihu (ZH) also saw gains. Conversely, Charge Enterprises (CRGE), Grom Social Enterprises (GROM), PSQ Holdings (PSQH), Salem Media Group (SALM), Collective Audience (CAUD), and Treasure Global (TGL) were the losers, with their stocks falling up to 9.6%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:31 pm

In Monday's after-market session, several communication services stocks experienced movement. Gainers included NFT (MI), LQR House (LQR), Taboola.com (TBLA), Salem Media Group (SALM), VS Media Holdings (VSME), and Hanryu Holdings (HRYU), with increases ranging from 4.41% to 8.5%. Losers were Charge Enterprises (CRGE), Lytus Technologies Hldgs (LYT), Abits Group (ABTS), NFT Gaming Co (NFTG), and Grom Social Enterprises (GROM), with declines between 3.67% and 14.1%.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 9:31 pm

Salem Media Group, Inc. has announced its intention to voluntarily delist from the Nasdaq Global Market, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 6:10 pm

Salem Media Group has announced its decision to voluntarily delist from the Nasdaq Global Market. The company's management believes that the costs and administrative burdens associated with maintaining the listing are not justified by the benefits. Salem Media Group plans to continue to file reports with the SEC and provide financial transparency to its shareholders.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 5:14 pm

Salem Media Group has reached an agreement to sell Regnery Publishing to Skyhorse Publishing. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:57 pm

In Monday's pre-market session, several communication services stocks experienced significant movements. Gainers included Asset Entities, Mobiquity Technologies, Telecom Argentina, DHI Group, LiveOne, and Salem Media Group with increases ranging from 6.86% to 50.3%. Conversely, Cuentas, LQR House, Anghami, Gamer Pakistan, and Chicken Soup for the Soul saw their shares decline between 4.2% and 7.4%.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 1:07 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.