On Thursday, no less than eight broadcast media companies released their third quarter 2021 results. The day concluded with concurrent conference calls for analysts and investors from Entravision Communications, and from Salem Media Group.
With Friday’s Closing Bell, Salem shares were up a strong 7.2%, with a slight after-hours giveback putting SALM at $3.82 at 4:16pm Friday. Investors were likely pleased as the company known for its conservative Talk radio stations and its Christian-themed print and audio media content surpassed analysts’ estimates with its Q3 fiscal report card.
