NEW YORK — It’s been a year of ups and downs on Wall Street for Salem Media Group, the Camarillo, Calif.-based operator of media properties focused on Christian-themed music and talk programming, and conservative News/Talk radio stations branded as “The Answer.”
As of 9:45am Eastern, Salem shares were off a nickel to $3 on Nasdaq as cold sunshine helped to wash away much of the unexpected wintry mess that blanketed the New York Tri-State Area for much of Thursday afternoon and evening.
With projections indicating that political dollar growth will not be enough to bring revenue growth in Q4 and Salem shares failing to bring a big Q4 to Salem and its stock flirting at a five-year low, Simply Wall St. wonders if Salem’s balance sheet is strong enough to weather a different sort of storm than the one wreaking havoc on Manhattan yesterday.
Is it?
