Salem Media

Salem Media Group, Inc. is a domestic multimedia company focused on Christian and conservative content. The company operates through three reportable segments: Broadcast, Digital Media, and Publishing. Its media properties include radio broadcasting, digital media, and publishing, all specializing in Christian and conservative content. The content is designed for audiences interested in Christian and family-themed programming, as well as conservative news talk. The company's business strategy is fundamentally committed to programming and content that emphasizes Christian values, family themes, and conservative news. This commitment means the company may choose not to switch to other formats or pursue potentially more profitable business opportunities if they do not align with these values, even in response to changes in audience preferences. Salem Media Group, Inc. seeks expansion opportunities for its integrated media platform while actively managing operating costs and cash flows. The goal is to be a market leader for audiences, programmers, and advertisers within the religious and conservative media space. The performance of each operating segment is assessed by a collective group of senior executives based on operating income and operating expenses, excluding corporate function costs and expenses such as amortization, depreciation, taxes, and interest expense.