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Salem Communications Corp
Salem Communications Corporation is a Christian-themed broadcaster in the United States. Salem Communications was founded in 1986, with its headquarters in Camarillo, California.
Salem Communications Corporation operates as a radio broadcaster in the United States. It operates through three segments, including Broadcasting, Digital Media, and Publishing.
The company, which has a market capitalization of $219.9 million, is not profitable, with a negative return on equity of 28.8% and a negative return on assets of 14.4% over the last twelve months. Salem Communications' stock price has decreased by 27% over the last year, while the S&P 500 has fallen 10%. The company underperformed the S&P 500 by 16% during that time.
Salem Communications' revenue increased by 8.7% year-over-year to $24.8 million during the third quarter of 2014. During the same period, local commercial radio station revenue increased 2.1% to $18.9 million, while same-station revenue increased 5.5% to $16.6 million.
Broadcasting segment - The company owns and operates radio stations in many parts of the country. They create and transmit programming content, including talk shows, Christian and secular music, and other educational programs.
Digital Media Segment - This segment offers audio and video streaming, online music platforms, Christian and conservative news portals, career advice, lifestyle and entertainment sites, and audio and video on-demand, among other things.
Publishing Segment - The company published God'Zine, a Christian-themed monthly magazine.
Subsidiaries - Salem Radio Network, Salem Radio Representation, Salem Web Network, Salem Communications Holding Corporation, Salem Communications, LLC, Salem Media of Illinois, LLC, Words of Hope, Salem Radio Broadcasting International, and Salem Radio Showcase, among others, are wholly-owned subsidiaries of Salem Communications Corporations.
Salem Communications declared a quarterly cash dividend, payable on June 10, 2022, to shareholders as of May 19, 2022.
In conclusion, Salem Communications Corporation is a Christian-themed radio broadcaster in the United States. Salem Communications Corporation operates as a radio broadcaster in the United States. It operates through three segments: Broadcasting, Digital Media, and Publishing. It is a small-cap value stock in the broadcasting industry with low institutional ownership.
Finally, Salem Communications Corporation has been unprofitable and underperformed the broader market, with a poor return on equity and assets. The company's negative revenue growth is also concerning. Considering these factors, Salem Communications may not be considered an attractive investment.