What Media Company Is Presenting At B. Riley?


LOS ANGELES — The 20th annual B. Riley FBR Institutional Conference is set for Wednesday (5/22) at the Beverly Hilton Hotel at the corner of Santa Monica Blvd. and Wilshire Blvd. in Beverly Hills.

At 9:30am that morning, a Camarillo-based media company will be presenting its assets and touting its benefits to institutional investors in attendance.

Making the presentation at the event are C-Suite executives from Salem Media Group.

The presentation is being made available via the investor relations portion of its website.

Further, executives will be holding on-one-on meetings across the day at the venue, home to annual Golden Globe Awards.

At the Closing Bell on Friday, Salem shares were up a strong 15.2% to $2.39, rising across the trading session. Volume was 143,938 shares, compared to average volume of 47,425 shares.

Why the big jump, which erases a five-week dip in value?

A TV deal that sees The Eric Metaxas Radio Show adapted for Trinity Broadcasting Network stations, announced yesterday, appears to have excited investors. It marks a TV first for the radio-focused company.