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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Salem Media Group Inc    SALM

SALEM MEDIA GROUP INC (SALM)
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Dan Caplis Joins the Line-up in Denver on News/Talk 710 KNUS

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01/03/2014 | 05:00pm CET

CAMARILLO, CA--(Marketwired - Jan 3, 2014) - Salem Communications Corporation (NASDAQ: SALM), a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and conservative opinion content, announced today a new lineup for News/Talk 710 KNUS in Denver, including the addition of conservative rights advocate, Dan Caplis, well known as a Denver TV and radio talk host. Plus, an expanded morning show with the popular Peter Boyles program. The new lineup will begin Monday, January 6th.

The 5am "on-line" only portion of the Peter Boyles program will now air live. Dan Caplis will also replace Dennis Miller from 9am-11am Monday through Fridays giving 710 KNUS an additional live local talk program. The remainder of the day will continue live, with Salem's Dennis Prager 11am-1pm. Denver's own Steve Kelley (Kelley & Company) from 1pm-4pm, Salem's Hugh Hewitt rounds out drive time from 4pm-7pm. The "Great One", Mark Levin continues to air from 7pm-10pm. And followed by Salem's stellar line up of Michael Medved, Mike Gallagher, John Ransom and Bill Bennett.

"With the upcoming election cycle, plus the compelling local issues that have put Colorado in the forefront recently, it is significant for us to offer another powerful local voice like market veteran, Dan Caplis," said Brian Taylor, General Manager. "Combined with Peter Boyles and Steve Kelley, 710 KNUS will now offer more daily live local conservative talk programming than any other station in the Denver market."

Caplis is a respected legal analyst and local attorney, having done local television and radio in the Denver market for over the past twenty years.

About Salem Communications
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage. Upon completion of all announced transactions, the company will own a national portfolio of 102 radio stations in 39 markets, including 62 stations in 22 of the top 25 markets. We also program the Family Talk™ Christian-themed talk format on XM Radio, channel 131. Additionally the company operates ChristianRadio.com.

Salem also owns Salem Radio Network, a national radio network that syndicates talk, news and music programming to approximately 2,500 affiliated radio stations and Salem Media Representatives, a national media advertising sales firm with offices across the country.

In addition to its radio broadcast business, Salem owns a non-broadcast media division. Salem Web Network is a provider of online Christian and conservative-themed content and streaming and includes websites such as Christian faith focused Christianity.com, Christian living focused Crosswalk.com®, Online Bible Study at BibleStudyTools.com, and Christian radio ministries online at OnePlace.com. Additionally Salem owns conservative news leader Townhall.com® and conservative political blog HotAir.com, providing conservative commentary, news and blogging. Salem Publishing™ circulates Christian and conservative magazines such as Homecoming® The Magazine, YouthWorker Journal™, The Singing News, FaithTalk Magazine, Preaching and Townhall Magazine™. Xulon Press™ is a provider of self publishing services targeting the Christian audience.


© Marketwired 2014
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Financials ($)
Sales 2018 265 M
EBIT 2018 24,6 M
Net income 2018 3,66 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 21,43
P/E ratio 2019 7,89
Capi. / Sales 2018 0,30x
Capi. / Sales 2019 0,30x
Capitalization 78,6 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 6,00 $
Spread / Average Target 100%
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Managers
NameTitle
Edward G. Atsinger Chief Executive Officer & Director
Stuart W. Epperson Chairman
Evan D. Masyr Chief Financial Officer & Executive Vice President
Roland S. Hinz Independent Director
Richard A. Riddle Independent Director
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