CAMARILLO, CALIF. — Salem Media Group, the media company known for its Christian-themed and conservative Talk radio stations, has selected when it will issue its fourth quarter and full-year 2020 financial results.
The announcement came amidst a sell-off of Salem shares on Wall Street.
Salem executives will host a conference call to discuss its results at 1pm Eastern/10am Pacific on Thursday, March 4 — one hour after it formally releases the numbers to the public.
It’s unusual timing, as Salem regularly selects 2pm Pacific, after the Closing Bell in New York has run, for its earnings call.
What will Salem executives have to share on the call? Analysts could be curious if the heir to Rush Limbaugh‘s legions of fans is one of Salem’s own talk hosts. Or, they could be hyperfocused on advertising trends against difficult year-over-year comparisons.
Whatever is on the minds of Salem’s investors, it isn’t clear. SALM was off sharply on Thursday (2/25), falling 14% to $2.7437 as of 2:42pm Eastern.
The dip ends a nice rally for Salem stock, which sat at $1.03 as recently as Dec. 21, 2020.
But, it must be said that Wednesday’s closing price of $3.19 marked the highest finish for SALM seen since September 2018.
