Industry News

Salem Partners with Just The News for Podcasts

Salem Media Group announces a new partnership between the Salem Podcast Network and Just Theim News for its podcasts from John Solomon, Victor Davis Hanson, and “Bauer and Rose” on the SPN platform. The agreement allows Salem to market and sell the podcasts to its array of advertisers and provide additional promotional support. Salem SVP Phil Boyce says, “John Solomon and his team are a perfect fit for Salem and will provide an additional layer of news credibility to the stories he covers. When you add Victor Davis Hanson’s podcasts, and those of Bauer and Rose, it makes the partnership complete.” Solomon comments, “Salem Podcast Network has amassed one of the most formidable audiences and lineups in the industry. We are excited to be joining the team and introducing our news and analysis to a whole new audience.”

Industry News

Mike Gallagher Show Adds Arthur Aidala Legal Segment

Salem Media Group announces that attorney and WNYM, New York host Arthur Aidala will join the Salem Radio Network program “The Mike Gallagher Show” for “The Arthur Aidala Power Hour Legalim Segment” every Friday at 11:45 am. Salem New York VP and general manager Jerry Crowley says, “At a time when politics and legal matters are inextricably linked, like at no time in America’s glorious past, AM970 has brought Mike Gallagher and Arthur Aidala together to make sense of it all.” Aidala adds, “Mike Gallagher consistently delivers informed and intelligent conversation to a vast national audience. I’m grateful for the opportunity to visit with him each Friday and provide context and insight to the legal issues of the day. I hope Mike and his listeners are as excited as I am.”

Industry News

Beasley Receives Non-Compliance Notice from Nasdaq

On Friday (10/13), Beasley Broadcast Group received a delisting warning from Nasdaq because its Class A common stock had traded at less than $1 for the past 30 business days.  There’s no immediate effect on the BBGI stock as it has a “cure period” that gives it until April 10, 2024 to trade for at least a dollar per share for 10 consecutive business days. Even if that doesn’t happen, Beasley could getim another 180-calendar day compliance period if it moves its stock to the Nasdaq Capital Market and satisfies other certain requirements. Beasley is the fourth audio company to face delisting this year. Audacy received notice from the New York Stock Exchange and in June engineered a 1-for-30 reverse stock split. Its stock closed at 35 cents per share on Monday (10/16). Salem Media Group received a delisting notice from Nasdaq in June giving it 180 days to rise above the $1 threshold. It closed at 68 cents per share on Monday (10/16). Urban One also received a delisting notice from Nasdaq but not for its share price. That company is late with quarterly reports due to independent accounting issues.

Industry News

Salem Media Group Partners for GOP Debate

The Republican National Committee selects NBC News, Salem Radio Network, the Republican Jewish Coalition, and Rumble as media partners for the third Republican presidential primary debate at the Adrienne Arsht Center for the Performing Arts of Miami-Dade County on November 8. Salemim Media Group CEO David Santrella says, “Salem Media Group and the Salem Radio Network are honored to be chosen by the Republican National Committee to be a part of this historic Republican presidential primary debate. Salem is an experienced partner of the RNC, having co-moderated four RNC debates in 2015-2016. We look forward to working closely with NBC News and other selected partners to deliver an event that will shine a light on the candidates and educate voters ahead of the primary.”

Industry News

TALKERS News Notes

Townsquare Media announces it will release third quarter 2023 financial results before the market opens on Thursday, November 9. The company will host a conference call to discuss certain third quarter 2023 financial results at 8:00 am ET that morning.

The NHL’s Minnesota Wild and iHeartMedia Minneapolis announces a five-year partnership extension through the 2027-28 season to broadcast all preseason, regular season and Stanley Cup Playoff games on KFXN-FM “KFAN 100.3 FM.” KFAN 100.3 is currently in its 13th season as the official radio flagship home of the Minnesota Wild.

Salem Media Group announces that WWFE-AM “La Nueva Poderosa 670 AM” and The Weather Channel en Español have entered into a strategic partnership that will enhance weather coverage and climate reporting in Spanish, specifically curated for South Florida.

Industry News

TALKERS News Notes

Salem Radio Network talk host Mike Gallagher began yesterday’s program launching an emergency campaign raising funds for Israeli victims through the International Fellowship of Christians and Jews. Gallagher’s campaign is also being highlighted on other Salem Media Group platforms including SRN News, TOWNHALL.com, and several local morning shows including Mark Davis’ program on KSKY, Dallas and Joey Hudson’s show on WGTK-FM in Greenville, South Carolina as well as TOWNHALL News.

According to an article in the New York Post (10/7) by reporter Brooke Kato, scientists have unsheathed an electrifying new treatment for erectile dysfunction that’s possibly better than popping a little blue pill — AM radio waves!  New research published in the International Journal of Impotence Research suggested that self-administered, low-intensity radio frequency zaps to the penis could be effective for ED treatment due to anatomical and physiological changes in the penile tissue. When used at lower frequencies, the radio waves create heat, due to the interaction between molecules and ions, triggering “structural changes” and the creation of collagen and elastic fibers, according to study author Dr. Ilan Gruenwald. Read the complete article here.

International imaging firm Benztown and research company P1 Media Group are hosting a free webinar for radio professionals titled, “Checking in on the World’s First AI Presenter – Is This Radio’s Future?” The 40-minute webinar will be hosted by Andreas Sannemann, CEO, Benztown, and Ken Benson, partner, P1 Media Group, and will feature AI pioneer Dylan Salisbury, content director, “Live 95.5,” in Portland, OR, and creator of the first AI radio personality in the world, “AI Ashley.”

The Alliance for Women in Media (AWM) announces that radio legend Delilah will be honored with the inaugural Gracies Icon Award at the 2023 Gracies Leadership Awards. The Premiere Networks nationally syndicated personality “will be celebrated for her outstanding contributions to the world of radio and her unwavering commitment to uplifting and empowering listeners.” AWM will honor her at the Gracies Leadership Awards on November 13 at Tribeca 360° in New York City, alongside previously announced honorees.

The Broadcasters Foundation of America elects Adrienne Roark, president of content development and integration for CBS News, Stations, and CBS Media Ventures to its Board of Directors.

Industry News

Salem to Sell Church Products Business for $30 Million

Salem Media Group announces that it has entered into an agreement with Gloo LLC to sell its Salem Church Products business for $30 million. Salem says that when the transaction closes, scheduled for November 1, the parties will also enter into a $10 million multi-year agreement for Salem to advertise the Gloo platform’s products and services across Salem’s radio and digital platform that serves the Christianim audience. Salem Church Products creates and distributes resources for churches and ministries in the areas of church media, worship, children’s ministry, preaching, teaching and employment through online resources including WorshipHouse Media, SermonSearch, ChurchStaffing, Children’s Ministry Deals and many others. Salem COO David Evans says, “We are proud of the Church Products business we have built over the years. What started with a single website – SermonSearch – has grown into a successful organization providing valuable resources and services to local churches and their pastors. Any time we look to sell a business, we look for organizations that share our passion and that can take that business to the next level. Gloo is just such an organization and we couldn’t be more thrilled.”

Industry News

TALKERS News Notes

Benztown and Envisionwise are hosting a free webinar for radio professionals titled, “Keeping it Real in the Digital Age,” with host Mike McVay, president of McVay Media, and guests Jackie Parks, founder/CEO of Envisionwise; Peter Smyth, former chairman and CEO of Greater Media, Inc; and Sheri Lynch, co-host of “The Bob & Sheri Show.” The 45-minute webinar on Friday (10/6) at 1:00 pm ET will provide specific tools and strategies for increasing stations’ digital revenue. You can register here.

Audacy announces an expansion of its relationship with Puck and the launch of “About a Boy: The Story of Vladimir Putin” – a five-part documentary podcast series exploring the forces that shaped Russian President Vladimir Putin’s childhood (and life) and why it’s critical to understanding what he might do next in the war against Ukraine. The series is written and narrated by Julia Ioffe, Puck founding partner and Washington correspondent, and one of the leading journalists covering Russia and Putin.

Salem Media Group says “Grace and Truth with Owen Strachan” is joining the Salem Podcast Network. Owen Strachan is provost and research professor of Theology at Grace Bible Theological Seminary and is the author of 20 books, including his latest, The War on Men: Why Society Hates Them and Why We Need Them (Salem Books, 2023). Salem SVP of spoken word Phil Boyce comments, “Salem Podcast Network continues to add multi-talented podcasters who share our worldview. Owen is an amazing voice for what is true and right in America, and adding him to our platform is a home run. I can’t wait to become a regular listener when he gets started.”

iHeartPodcasts announces the return of the “Work in Progress” podcast for its third season. The program features actor, producer, and activist Sophia Bush and in the first two episodes she interviews former White House Press Secretary Jen Psaki along with an interview with actor Matthew McConaughey.

Industry News

TALKERS News Notes

Salem Media Group announces that the podcast show “Living to 100 Club,” hosted by Dr. Joseph Casciani, joins its SeniorResource.com. The program features experts on everything from nutrition and healthy lifestyle habits to modern medicine and medical advancements. Dr. Casciani says, “Psychologically, healthy aging is all about mindset, attitude, and outlook. I want my listeners to keep moving forward, no matter what gets in the way.”

Audiohook names David “DK” Krulewich its new chief revenue officer (CRO). Krulewich has experience in the audio space including in his more recent position as executive vice president of Programmatic, Podcasting, Data and Product at iHeartMedia’s Katz Digital.

Industry News

Liz Truss Inks Book Deal with Salem’s Regnery Publishing

Salem Media Group announces that its book unit Regnery Publishing signs a deal with former UK Prime Minister Liz Truss that includes the publishing of her new book, Ten Years to Save the West, scheduled to be released on April 16, 2024. The press release states, “Around the world, many supposedlyim conservative political parties have been captured by the same left-wing influences that set the agenda and frame the debate in so many institutions, including the media, academia and the corporate world. Drawing on her 10 years of service in Tory governments – when she often found herself to be the only conservative in the room – the scrappy champion of limited government and individual freedom exposes the threat of the massive, unaccountable administrative state and the complacent political and corporate establishment.”

Industry News

Report: Howell Not Conservative Enough for WLS-AM, Chicago

A piece by Justin Kaufmann at Axios Chicago quotes former WLS-AM afternoon talk show host Big John Howell saying the reason he’s no longer with the Cumulus Media news/talk outlet is because, “They toldim me that they intend to be the most conservative radio station in America. I just didn’t fit the bill anymore.” Although Howell doesn’t profess to be conservative or liberal, he’s been a talk host for years (in addition to his work at country outlet WUSN-FM), not only with WLS-AM but with Salem Media Group’s crosstown conservative news/talk WIND-AM. However, he’s made no bones about his contempt for former President Donald Trump. He laments to Axios, “Nobody broadcasts anymore. Everybody narrowcasts.” WLS-AM has not revealed its permanent plans for the afternoon drive daypart other than to slide the syndicated Mark Levin program into the 5:00 pm to 8:00 pm slot. Read the Axios piece here.

Industry News

Denver Talk Host Steffan Tubbs’ to Exit Salem’s KNUS in November

News and talk radio pro Steffan Tubbs announced last month that he’ll exit his 4:00 pm to 7:00 pm KNUS-AM, Denver talk show on November 3. Tubbs, who has served in Denver with iHeartMedia’s news/talk KOA as well as Salem Media Group’s KNUS, has been producing documentaries in addition to his radioim work. In a Westword profile, Tubbs talks about his ascent in the news business, his plans for the “final chapter” of his working life, and his current film project about the deadly drug fentanyl. Locally, Tubbs has caused controversy with his 2020 documentary, Denver in Decay. About that film, Tubbs tells Westword, “That documentary kind of put me on the map as being one of the most hated media members by local politicians in Colorado in recent memory, and I embrace that. But with all the hate and praise, the one thing no one has ever said is that Denver in Decay is inaccurate. You can say all you want if you don’t like the messaging, but you can’t attack the accuracy or the credibility.” Read the full story here.

Industry News

Salem Media Group to Sell Greenville-Spartanburg Signals

Salem Media Group announces it is entering into an agreement to transfer the ownership of Greenville-Spartanburg, South Carolina stations news/talk WGTK-FM, classic hits duo WRTH-FM and WLTE-FM toim
Educational Media Foundation for $6,775,000. Salem Media CEO David Santrella states, “We have enjoyed our years in the Greenville-Spartanburg market but have made the strategic decision to divest our interests there. As we do, we are grateful to be able to place these signals in the hands of Educational Media Foundation who share a like-minded mission with Salem through their music programming. We are also thankful to our Greenville-Spartanburg staff for their many years of service.”
Industry News

Programming Pro Chuck Tyler Downsized by Salem Los Angeles

Longtime Salem Media Group programmer Chuck Tyler has fallen victim to budget cuts at the company andim exits his role as director of programming for the Los Angeles operations that includes news/talk KRLA AM 870 “The Answer,” Christian talk KKLA-FM, and Christian contemporary KFSH-FM. Tyler tells TALKERS magazine he’s ready to apply his 20-plus years of director of programming and on-air experience in Los Angeles to his next successful situation. You can contact him at: chucktyler2020@yahoo.com

Industry News

Salem Media Group Second Quarter Revenue Declines 4.2%

Salem Media Group total revenue for the second quarter of 2023 was $65.8 million, a decrease of 4.2% from Q2 of 2022. The company reports an operating loss of $4.1 million compared to operating income of $7.3 million reported in Q2 of 2022. Salem posts a net loss of $7.1 million for the second quarter of this year, compared to a net income of $9.1 million reported for Q2 of 2022. Looking at the company’s operating results by segment, Netim Broadcast revenue decreased 5.3% to $49.7 million from $52.5 million; Station Operating Income decreased 43.5% to $6.2 million from $10.9 million; Same Station net broadcast revenue decreased 5.8% to $49.4 million from $52.4 million; and Same Station operating income decreased 37.7% to $6.8 million from $10.9 million. Digital Media revenue increased 0.5% to $10.9 million from $10.8 million, and Publishing revenue decreased 3.5% to $5.2 million from $5.4 million. Salem reports that as of June 30, 2023, the company was not in compliance with its fixed charge coverage ratio. On August 7, 2023 it signed a forbearance whereby the bank agreed not to exercise remedies on the default during the month of August. Additionally, the notional amount of the revolver was reduced from $30 million to $25 million with a minimum availability of $1 million. The interest rate associated with the revolver increased by two percentage points effective July 1, 2023 through the date of the forbearance amendment.

Industry News

TALKERS News Notes

Salem Media Group, Inc announces that it plans to report its second quarter 2023 financial results after the market closes on August 8.The company also plans to host a teleconference to discuss its results on August 8 at 5:00 pm ET.

Audacy and K-STATE athletics announce a multiyear broadcast partnership in which KFH-AM/FM, Wichita will become the new market affiliate for Wildcat football and basketball. The agreement includes all K-STATE football and men’s basketball broadcasts, plus selected women’s basketball broadcasts. Audacy Wichita SVP and market manager Becky Domyan says, “We are delighted to partner with K-STATE athletics and become the home of the University’s football and basketball programs. This partnership brings together a passion for sports and a commitment to delivering unparalleled coverage to Wildcat fans across the region. We look forward to capturing the electrifying moments and the shared spirit of K-STATE sports throughout the year.”

The GCN-syndicated “Dr. Daliah Wachs Show” is added to the weekend program schedule at Tyler Media’s KTLR-AM/K279CR, Oklahoma City.

Industry News

Salem Media Group Unveils “Retire Repurposed” Podcast

Salem Media Group announces the launch of the podcast show “Retire Repurposed” on Salemim-owned SeniorResource.com. Salems says, “‘Retire Repurposed’ challenges the notion that imretirement is simply an end to one’s working life. Instead, it’s an opportunity to repurpose one’s skills, passions, and experiences in a way that can impact the world in a meaningful way.” The program is hosted by Ben Taatjes and Jerrid Sebesta, who add, “The two most dangerous years of a person’s life are the year they were born and the year they retire. That’s why ‘Retire Repurposed’ aims to provide practical advice and inspiration to help listeners navigate this important life transition.”