Profile: Salem Communications Corp (SALM.OQ)

SALM.OQ on NASDAQ Stock Exchange Global Market

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Salem Communications Corporation (Salem), incorporated on September 20, 1993, is a domestic multi-media company with integrated business operations covering radio broadcasting, publishing and the Internet. Salem’s core business is the ownership and operation of radio stations in metropolitan markets. Upon the close of all announced transactions, the Company will own and/or operate a national portfolio of 99 radio stations in 38 markets, including 61 stations in 22 of the top 25 markets, which consist of 29 frequency modulation (FM) stations and 70 amplitude modulation (AM) stations. It also programs the Family Talk Christian-themed talk format station on SiriusXM Channel 131. Its broadcast business also includes Salem Radio Network (SRN), a wholly owned national radio network syndicating music, news and talk programs to over approximately 2,400 affiliated radio stations, in addition to those stations that it owns and operates. It also owns and operates Salem Media Representatives (SMR), a national advertising sales firm with offices in 11 United States cities, and SRN News Network (SNN), Salem Music Network (SMN), Solid Gospel Network (SGN), and Vista Media Representatives (VMR). In August 2012, the Company acquired SermonSpice.com, an online provider of church media for local churches and ministries.

Salem’s SRN, SNN, SMN and SGN are radio networks that produce and distribute talk, news and music programming to numerous radio stations in the United States, including some of its own stations. SMR and VMR sell commercial airtime to national advertisers on its radio stations and its networks, as well as for independent radio station affiliates. As of December 31, 2012, the Company programmed 39 of its radio stations in its Christian Teaching and Talk format, which is talk programming emphasizing Christian and family themes. As of December 31, 2012, the Company programmed 25 of its radio stations in a News Talk format. As of December 31, 2012, the Company programmed 11 radio stations in a Contemporary Christian Music (CCM) format, branded The FISH in most markets. As of December 31, 2012, the Company programmed six of its radio stations in a Spanish Christian Teaching and Talk format. As of December 31, 2012, it programmed 10 of its stations in a business format. The Company's business format stations feature financial experts, business talk, and nationally recognized Bloomberg programming. The business format operates similar to its Christian Teaching and Talk format in that it features long-form block programming. Its satellite radio station, SiriusXM Channel 131, is the Christian Teaching and Talk channel on SiriusXM, reaching the nation around-the-clock.

Salem Web Network (SWN), the Company's Internet business includes its Websites providing Christian and conservative themed content, audio and video streaming, and other resources on the Web. SWN's national Web portals include OnePlace.com, Christianity.com, Crosswalk.com, BibleStudyTools.com, GodTube.com, Townhall.com, HotAir.com, WorshipHouse Media.com and Jesus.org. SWN operates its radio station Websites and Salem Consumer Products, a Website offering books, DVD's and editorial content developed by many of its on-air radio personalities that are available for purchase. The Company's production and distribution of Christian and conservative content extends to print media through Salem Publishing. Salem Publishing produces and distributes the Christian and conservative opinion print magazines, which includes Homecoming The Magazine, YouthWorker Journal, Singing News, FaithTalk Magazine, Preaching and Townhall Magazine. Salem Publishing also includes Xulon Press, a print-on-demand self-publishing service for Christian authors.

Salem Radio Network and Salem Media Representatives

Salem owns and operates SRN as part of its overall business strategy to develop a national network of affiliated radio stations anchored by its owned and operated radio stations in major markets. The Company owns and operates SMR, a sales representation company specializing in placing national advertising on religious format radio stations. SRN and its radio stations each have relationships with SMR for the sale of available SRN spot advertising. SMR also contracts with individual radio stations to sell airtime to national advertisers desiring to include selected company stations in national buys covering multiple markets. It also operates VMR, a sales representation company specializing in placing national advertising on non-religious radio stations.

Salem Web Network

Salem owns and operates the Christian and Conservative opinion Websites. Christian Content Websites include BibleStudyTools.com, which is an online Bible Website for verse search and in-depth studies of the Bible; OnePlace.com, which is a provider of audio streaming for Christian ministries, it serves more than 150 of its broadcast ministry partners, providing 30-day archived, on-demand audio streaming of more than 200 audio programs; Crosswalk.com offers biblically-based content on the Web, and is built around four primary content areas-Faith, Family, Fun and Community; GodTube.com is a video sharing platform for Christian videos with faith-based, family friendly content; CrossCards.com provides the online faith-based audience with e-greeting cards; LightSource.com provides video streaming and downloading for Christian ministries; Christianity.com is an online resource for Christian Bible Study and devotional content, and Jesus.org is a site with Biblical answers to questions about Jesus Christ, Faith, Salvation, Christianity and the early Church.

The Company Christian Content Websites includes TheFISH.com, which is an online resource for digital delivery of Christian music. TheFISH.com also offers entertainment news and information of interest to Christian music listeners; CCMmagazine.com is the interactive version of what was the Nashville-based CCM Magazine, which provides information and insight on the Christian music scene; WorshipHouseMedia.com is an on-line church media and video ministry Website, including WorshipHouse Kids, which offers products designed to meet the needs of children's ministry media in the church; ChurchStaffing.com is a source of job search information for churches and church staff members in the area of personnel and staff relations; ChristianJobs.com provides services catering to the hiring needs of Christian-friendly companies and organizations while enabling job seekers to network into that community; SermonSearch.com provides access to searchable, archived sermons submitted by many of America's spiritual leaders, and Churchsoftware.net CCIS Church Management Software provides management tools for churches, including software solutions that run on a Windows platform.

Conservative Opinion Websites includes TownHall.com is an interactive community that brings users, conservative public policy organizations, congressional staff and political activists together under the broad umbrella of conservative thoughts, ideas and actions, and HotAir.com is a news and commentary site with conservative news and opinions. In addition, it owns and operates Websites for each of its radio stations and print publications. The Company's Internet division also includes Salem Consumer Products, which hosts several Websites for its audience to purchase Christian and conservative content from its on-air hosts and contributors.

Salem Publishing and Xulon Press

The Company's Publishing segment consists of a book publishing business, Xulon Press, and a Magazine Publishing business, Salem Publishing. The Company publishes several print magazines on a monthly or semi-monthly basis. Its publications include the Christian or Conservative publications. Xulon Press is a print-on-demand self-publishing service for Christian authors.

Company Address

Salem Communications Corp

4880 SANTA ROSA ROAD
CAMARILLO   CA   93012
P: +1805.9870400
F: +1302.6365454

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