Salem

Salem Media Group, Inc. Withdraws Q1 2020 Guidance Due to Impact of COVID-19

Thursday, March 26, 2020 - 10:00pm

Salem Media Group, Inc. (NASDAQ:SALM) today announced it is withdrawing its revenue and operating expense guidance for the first quarter of 2020 due to the growing social and economic impact of the COVID-19 pandemic.

Key Points: 
  • Salem Media Group, Inc. (NASDAQ:SALM) today announced it is withdrawing its revenue and operating expense guidance for the first quarter of 2020 due to the growing social and economic impact of the COVID-19 pandemic.
  • Based on current indications, Salem expects total first quarter 2020 revenue will be less than previously projected as a result of decreased revenues from advertising, programming, events and book sales.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.
  • Salem undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

Salem Media Group, Inc. Names Candace Owens as National “Culture Warrior of the Year” Award Winner

Monday, March 23, 2020 - 9:10pm

Salem Media Group, Inc. (NASDAQ:SALM), today announced that conservative superstar and PragerU podcast host Candace Owens received Salems national Culture Warrior of the Year award.

Key Points: 
  • Salem Media Group, Inc. (NASDAQ:SALM), today announced that conservative superstar and PragerU podcast host Candace Owens received Salems national Culture Warrior of the Year award.
  • Salems own Dennis Prager presented Owens with her award on March 11th in his studio in Los Angeles.
  • View the full release here: https://www.businesswire.com/news/home/20200323005693/en/
    Candace Owens Culture Warrior of the Year (Photo: Business Wire)
    Candace hosts a weekly podcast on PragerU in addition to speaking all over the country.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.

Salem Radio Network and Hugh Hewitt Announce Contract Extension Through December 2028

Monday, March 23, 2020 - 10:00am

Salem Media Group , Inc. (NASDAQ: SALM), announced today that Salem Radio Network talk show host Hugh Hewitt has agreed to terms on a contract extension, keeping him on the air through December of 2028.

Key Points: 
  • Salem Media Group , Inc. (NASDAQ: SALM), announced today that Salem Radio Network talk show host Hugh Hewitt has agreed to terms on a contract extension, keeping him on the air through December of 2028.
  • Hugh has been broadcasting for Salem since July of 2000, and currently airs his national program from 6am to 9am ET.
  • Hugh has been a Salem stalwart since 2000, Salem Media Group CEO Ed Atsinger said.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.

Salem Media Group, Inc. Schedules 2020 Annual Meeting of Stockholders

Wednesday, March 11, 2020 - 10:19pm

Salem Media Group, Inc. (Nasdaq: SALM) announced today that it has scheduled its Annual Meeting of Stockholders on Wednesday, May 6, 2020 at 9:30 a.m. Pacific Time to be held at Salem's headquarters in Camarillo, California.

Key Points: 
  • Salem Media Group, Inc. (Nasdaq: SALM) announced today that it has scheduled its Annual Meeting of Stockholders on Wednesday, May 6, 2020 at 9:30 a.m. Pacific Time to be held at Salem's headquarters in Camarillo, California.
  • Salem also announced the record date applicable for the voting of shares at the Annual Meeting to be March 11, 2020.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.
  • Learn more about Salem Media Group, Inc., at www.salemmedia.com , Facebook and Twitter @SalemMediaGrp.

Salem Media Group, Inc. Announces Quarterly Cash Distribution

Tuesday, March 10, 2020 - 5:15pm

Salem Media Group, Inc. (Nasdaq: SALM) announced today that its Board of Directors has declared a cash distribution for the first quarter of 2020 in the amount of $0.025 per share.

Key Points: 
  • Salem Media Group, Inc. (Nasdaq: SALM) announced today that its Board of Directors has declared a cash distribution for the first quarter of 2020 in the amount of $0.025 per share.
  • The cash distribution will be paid on March 31, 2020 to all Class A and Class B common stockholders of record as of March 24, 2020.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.
  • Learn more about Salem Media Group, Inc., at www.salemmedia.com , Facebook and Twitter @SalemMediaGrp.

Salem Media Group Schedules Fourth Quarter 2019 Earnings Release and Teleconference

Monday, March 2, 2020 - 11:08pm

Salem Media Group, Inc. (NASDAQ: SALM) announced today that it plans to report its fourth quarter 2019 financial results after the market closes on March 12, 2020.

Key Points: 
  • Salem Media Group, Inc. (NASDAQ: SALM) announced today that it plans to report its fourth quarter 2019 financial results after the market closes on March 12, 2020.
  • To access the teleconference, please dial (877) 524-8416, and then ask to be joined to the Salem Media Group Fourth Quarter 2019 call or listen to the webcast .
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.
  • Learn more about Salem Media Group, Inc., at www.salemmedia.com , Facebook and Twitter (@SalemMediaGrp).

The Genesis 123 Foundation Honors Barun and Santrella with the “Eye to Zion Award”

Thursday, February 20, 2020 - 4:00pm

Salem Media Group, Inc. (NASDAQ: SALM), announced that David Santrella, President of Broadcast Media, will receive the Eye to Zion Award from The Genesis 123 Foundation.

Key Points: 
  • Salem Media Group, Inc. (NASDAQ: SALM), announced that David Santrella, President of Broadcast Media, will receive the Eye to Zion Award from The Genesis 123 Foundation.
  • The Genesis 123 Foundation will present its Eye to Zion Award to Ken Barun, Executive Vice President of the Billy Graham Evangelistic Association (BGEA), and David Santrella, President of Broadcast Media for Salem Media Group.
  • Through their examples, their actions and support of Israel are not just noteworthy and should be celebrated, but highlighted for others to emulate, noted Jonathan Feldstein, president of The Genesis 123 Foundation.
  • As Executive Vice President of BGEA, Ken Barun helps lead the ministrys worldwide efforts and serves as Franklin Grahams Chief of Staff.

Mid-Southern Bancorp, Inc. Reports Results of Operations for the Fourth Quarter and Year Ended December 31, 2019

Tuesday, February 11, 2020 - 9:45pm

The average cost of interest-bearing liabilities increased to 0.76% for the quarter ended December 31, 2019 from 0.54% for the quarter ended December 31, 2018.

Key Points: 
  • The average cost of interest-bearing liabilities increased to 0.76% for the quarter ended December 31, 2019 from 0.54% for the quarter ended December 31, 2018.
  • Net interest income after provision for loan losses increased $316,000, or 4.7%, for the year ended December 31, 2019 compared to the year ended December 31, 2018.
  • The average balance of interest-earning assets increased to $195.3 million for the year ended December 31, 2019 from $185.7 million for the year ended December 31, 2018.
  • Noninterest expenses increased $152,000, or 9.7%, for the quarter ended December 31, 2019 as compared to the same period in 2018.

Mid-Southern Bancorp, Inc. Announces the Hiring of Robert W. DeRossett as Chief Financial Officer

Monday, February 10, 2020 - 9:10pm

SALEM, Ind., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (Company) (Nasdaq:MSVB), the holding company for Mid-Southern Savings Bank, FSB (Bank), today announced that Robert W. DeRossett has been hired as Chief Financial Officer of the Company effective February 5, 2020.

Key Points: 
  • SALEM, Ind., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (Company) (Nasdaq:MSVB), the holding company for Mid-Southern Savings Bank, FSB (Bank), today announced that Robert W. DeRossett has been hired as Chief Financial Officer of the Company effective February 5, 2020.
  • Mr. DeRossett, a CPA and CFA brings over twenty-five years of experience and adds significant expertise to the Companys financial management and reporting areas.
  • His expansive knowledge and experience in financial operations will be invaluable to us said the Companys President & CEO, Alexander G. Babey.
  • The Bank is a federally chartered savings bank headquartered in Salem, Indiana, approximately 40 miles northwest of Louisville, Kentucky.

Salem Media Group to Present at NobleCon16

Thursday, February 6, 2020 - 5:30pm

Salem Media Group, Inc. (NASDAQ: SALM), announced today that it will present at the NobleCon16 Noble Capital Markets Sixteenth Annual Institutional Investor Conference at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida, on Monday, February 17th, at 4:00 p.m. Eastern Standard Time.

Key Points: 
  • Salem Media Group, Inc. (NASDAQ: SALM), announced today that it will present at the NobleCon16 Noble Capital Markets Sixteenth Annual Institutional Investor Conference at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida, on Monday, February 17th, at 4:00 p.m. Eastern Standard Time.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.
  • With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape.
  • Learn more about Salem Media Group, Inc., at www.salemmedia.com , Facebook and Twitter @SalemMediaGrp.