Salem Media Group Voluntarily Delists from Nasdaq Global Market
January 3, 2024
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Salem Media ($NASDAQ:SALM) Group, Inc. recently announced its voluntary delisting from the Nasdaq Global Market. Salem Media Group is a leading multimedia company specializing in Christian and conservative content, operating nationwide through radio, digital media and book, magazine and newsletter publishing. The voluntary delisting from the Nasdaq Global Market is part of Salem Media Group’s strategic plan to maximize value for shareholders. The company has concluded that the high costs associated with Nasdaq’s listing requirements outweigh the benefit of Nasdaq listing status.
As a result, Salem Media Group will no longer be listed on Nasdaq. Investors may still be able to purchase or sell the company’s common stock on the Over-the-Counter Market.
Stock Price
The stock opened at $0.4 and closed at the same price, a decrease of 7.7% from its last closing price of 0.4. Salem Media Group, which specializes in Christian and conservative programming, expressed its intention to save costs by delisting from the Nasdaq Global Market and moving to the OTCQB venture market. This decision follows after a substantial drop in their stock prices over the last year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Salem Media. More…
| Total Revenues | Net Income | Net Margin |
| 261.57 | -45.75 | -4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Salem Media. More…
| Operations | Investing | Financing |
| -3.75 | -15.55 | 18.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Salem Media. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 471.3 | 339.15 | 4.86 |
Key Ratios Snapshot
Some of the financial key ratios for Salem Media are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | -6.4% | -16.4% |
| FCF Margin | ROE | ROA |
| -5.9% | -18.1% | -5.7% |
Analysis
GoodWhale conducted an analysis of SALEM MEDIA‘s financials and based on our Star Chart it has an intermediate health score of 6/10, indicating that it is likely to sustain future operations in times of crisis. It is strong in cashflows and debt, medium in profitability and weak in asset, dividend, and growth. Classifying it as a ‘sloth’, a type of company that has achieved revenue or earnings growth slower than the overall economy, GoodWhale concluded that SALEM MEDIA may be attractive to investors who prefer more conservative investments or those who are looking for a long-term holding. More…
Peers
It operates in more than 100 markets across the United States, according to its website. Its main competitors in the media industry include Catcha Digital Bhd, LBG Media PLC, and Fame Productions Inc. All of these companies produce content for a variety of audiences, ranging from faith-based to entertainment to information.
– Catcha Digital Bhd ($KLSE:0173)
Catcha Digital Bhd is a Malaysian based digital media and internet company that focuses on providing content and services to customers globally. As of 2023, the company has a market capitalization of 133.79M, indicating the size of the company and its potential to generate profits. The company’s Return on Equity (ROE) of 4.35% indicates its ability to generate profits from its invested capital. This figure suggests that Catcha Digital Bhd has a healthy return on investment and is an attractive investment option for investors.
– LBG Media PLC ($LSE:LBG)
LBG Media PLC is a media and entertainment company that is listed on the London Stock Exchange. The company produces and distributes content across a variety of media platforms, including television, radio, digital and print. As of 2023, LBG Media PLC has a market capitalization of 170.46 million pounds. This represents the total market value of their outstanding shares, and is indicative of their standing in the media and entertainment industry. In terms of financial performance, LBG Media PLC has a Return on Equity of 8.32%, which demonstrates the company’s efficient use of its assets to generate profits and grow its stockholder’s equity.
– Fame Productions Inc ($OTCPK:FMPR)
Fame Productions Inc is a leading media production company based in Hollywood, California. The company specializes in creating and distributing content across multiple platforms, including feature films, television shows, digital content, and music. As of 2023, the company has a market cap of 25.5M and a Return on Equity of 14.45%. This shows that the company is doing well financially and is a good investment for those looking to invest in media production companies. The company has been making waves in the industry due to its innovative content and commitment to creating high-quality content that resonates with audiences.
Summary
Salem Media Group is a media company known for their Christian and conservative programming. Recently, they announced their voluntary delisting from the Nasdaq Global Market, which caused their stock price to slip on the same day. Additionally, they have some of the most popular websites dedicated to religious and conservative content, and strong relationships with advertisers in these areas. Overall, Salem Media offers investors strong potential for growth and stability in the future.
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