Movers and SHAKERS
Salem Media (SALM)
A Blueprint For A Smooth Succession
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 2700 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 115 radio stations, with 73 stations in the nation’s top 25 top markets – and 25 in the top 10. Each of our radio properties has a full portfolio of broadcast and digital marketing opportunities.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Patrick McCann, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Senior management changes. The company announced changes to its management team and Board of Directors, which will go into effect on January 1, 2022. Edward Atsinger III will be stepping down as CEO and will become an Executive Chairman of the company’s Board of Directors, while Stuart Epperson, Sr. will be stepping down as Chairman of the Board. Stuart Epperson, Jr. will fill the vacancy on the board left by Stuart Epperson, Sr. David Santrella, who is currently the company’s President of Broadcast Media, will assume the role of CEO and David Evans, current President of Digital Media and Publishing, will become COO.
A strong succession plan. Both Mr. Santrella and Mr. Evans have over a decade of experience at the company and bring deep understanding of Salem’s mission to their new roles. We believe they are logical choices to lead the operations of the company going forward. Moreover, they will have the invaluable resource of Edward Atsinger, who will be staying on as an Executive Chairman, which offers a ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.