Home Companies The Salem Media Group Inc. (NASDAQ:SALM) stock surged in the current trading...

The Salem Media Group Inc. (NASDAQ:SALM) stock surged in the current trading session; here’s why

At the last check, in the current trading session, the Salem Media Group Inc. (SALM) stock surged by 6.29% to the price of $2.23. SALM stock previously closed the session at $2.10. The SALM stock volume traded today 0.49 million shares. The average 3-month volume trade has been 846.94K shares. In the past year, SALM stock jumped up by 142.58%. In the past week, the shares jumped by 6.60%. In the past three and six months, the SALM stock had rallied by 7.14% and 120.26% respectively. Furthermore, the Salem Media Group Inc. is currently valued in the market at $51.66 million and has 26.68 million outstanding shares.

Here’s what to know about SALM stock’s operational business model

Salem Media Group, Inc. is a multimedia company in the United States that operates Christian and conservative content. The company has an audience and client base consisting of loyal and dedicated listeners and readers which number in millions every day. Salem Media Group, Inc. was founded in 1986 and is headquartered in Camarillo, California.

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SALM stock operates its business activities divided into three segments in the United States:

  • Broadcast,
  • Digital Media,

For broadcasting, the Salem Media Group, Inc. manages and owns radio networks. The radio networks allow the company to air talk shows, reporting of news, offer satellite services, and operate music networking on the radio stations. Furthermore, the radio networks allow generating revenue from commercial airtime and audio and video streaming. This broadcasting service has different themes of content which primarily consist of Christian and conservative content, it also provides trade/investing and fitness/health content. Furthermore, the company has digital content platforms through which it provides its audience diverse content; these include Christianity.com, ChristianRadio.com, GodUpdates.com, BibleStudyTools.com, Crosswalk.com, GodVine.com, BearingArms.com, iBelieve.com, GodTube.com, CrossCards.com, ChristianHeadlines.com, HotAir.com, LightSource.com, AllCreated.com, SingingNews.com, and SouthernGospel.com, Townhall.com, ConservativeRadio.com, and pjmedia.com.

The company also makes publications in the form of digital newsletters. These newsletters assist the reader get insights on market analysis and non-individualized investment strategies.

Furthermore, Salem Media Group has expanded its portfolio to incorporate e-commerce for Church product Websites that provide products and resources for churches and ministries.

When will Salem Media release its financial result for Q1 2021?

On 28th April 2021, Salem Media Group Inc. announced that it has decided the date to release the financial result for the first quarter of 2021 on 6th May right after the market closes. The host earnings call/teleconference will be held on the same date at 4:00 PM Central Time.

The famous conservative star Charlie Kirk signs an extended deal with Salem Media Group

Recently the company has also extended The Charlie Kirk Podcast for its Salem Radio Network. The signed new deal for the podcast is a multi-year deal. The show hosts one of the rising and upcoming young stars for conservative politics. Dave Santrella, the Salem President of Broadcast is impressed with Charlie Kirk and his approach to every step in the media as an entrepreneur who rocketed the podcast to the top charts.

 

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