CAMARILLO, Calif. - Salem Media Group, Inc. (OTCQX: SALM), a multimedia company specializing in Christian and conservative content, has entered into an agreement to sell its contemporary Christian music stations in Nashville, Tennessee, and Honolulu, Hawaii, to Educational Media Foundation (EMF). The announcement came today, with the sale including stations that are part of Salem's operations but excluding its Today's Christian Music (TCM) network.
David Santrella, CEO of Salem Media, emphasized the company's ongoing commitment to reducing debt and overall leverage through the sale. He expressed satisfaction that the stations would continue to offer music that aligns with Salem's mission, noting the positive relationship with EMF, which operates K-LOVE and Air1 stations nationwide.
Santrella also mentioned that Mike Blakemore, Salem’s VP of CCM Programming, will now focus on leading programming for TCM, which remains a key part of Salem’s content offerings.
The transaction is expected to be completed in late May or early June. This move is part of Salem Media Group's broader strategy to streamline its operations while continuing to serve its dedicated audience with Christian and conservative content across its remaining media properties, which include radio, digital media, and book and newsletter publishing.
Salem Media Group is known for its programming that offers a mix of music, commentary, and information from respected figures in the Christian and conservative media landscape. The sale of the Nashville and Honolulu stations to EMF is based on a press release statement from Salem Media Group.
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