Media M&A » By The Online Investor Staff, updated Thu., Jul. 2, 12:11 PM
Recent mergers and acquisitions in the Media M&A category.
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Slide #58. Salem Communications — Twitchy.com
Acquirer:
Salem Communications (NASDAQ:SALM)
Acquiree:
Twitchy.com
Details:
Salem Communications, a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and conservative opinion content, announced today the acquisition of the ground-breaking Twitter curation site, Twitchy.com -- founded by best-selling author, blogger, and syndicated columnist Michelle Malkin.
Salem Media Group is a domestic multimedia company focusing on Christian and conservative content, with media properties comprising radio broadcasting, digital media, and publishing. Co.'s operating segments are: Broadcasting, which includes the operating results of its radio stations, broadcast networks, and its national sales agencies including its new digital agency Salem Surround; Digital Media, which provides Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web; and Publishing, which include Regnery Publishing, Salem Author Services; and Singing News® magazine.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 84th percentile
(ranked higher than approx. 84% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
