Salem Media Group Inc. (NASDAQ: SALM) stock gained by 0.36% at last close while the SALM stock price surges by 1.79% in the pre-market trading. Salem Media Group is USA’s premier multimedia corporation specializing in Christian and conservative programming, with radio, internet media, and book and newsletter publishing as well as other media holdings.
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SALM stock’ Update
Edward G. Atsinger III who is the CEO of the company will shift to the newly formed job of Executive Chairman of the Board of Directors on January 1, 2022. In addition, David Santrella has been named Chief Executive Officer by the company’s Board of Directors. Mr. Santrella is the company’s President of Broadcast Media at the moment. Furthermore, Salem’s existing President of Digital Media and Publishing, David Evans, will be elevated to Chief Operating Officer.
Finally, beginning January 1, 2022, Stuart W. Epperson, Salem’s current Chairman, will leave from the Board of Directors and move to Chairman Emeritus, with Stuart W. Epperson, Jr. joining the Board of Directors to fill the void left by Mr. Epperson Senior’s resignation. These adjustments reflect the Board’s continuing succession planning and are intended to ensure leadership continuity as the firm pursues its strategic goals.
Mr. Atsinger and his brother-in-law Mr. Epperson founded Salem in 1974, and since then, the firm has evolved from a tiny radio station to America’s premier multimedia corporation focusing in Christian and conservative material. He’s been a motivating force behind Salem’s objective to provide material to the Company’s viewers around the country that isn’t available through traditional media. Mr. Atsinger will serve as Executive Chairman and Chairman of the Board, leading the board of directors and providing supervision and advice to both the CEO and COO.
Mr. Atsinger stated that,
He is honored to contribute as Executive Chairman and to supervise the company’s leadership transition to the next generation. He is excited to work with the management team to ensure that Salem’s crucial goal of servicing the media requirements of viewers interested in Christian content and public policy programs with a traditional conservative perspective remains.