Media M&A » By The Online Investor Staff, updated Sun., Jan. 17, 1:59 AM
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 engaging in Christian and conservative content, with media properties comprising radio broadcasting, digital media, and publishing. Co.'s segments are: Broadcast, which includes the operating results of its radio stations, broadcast networks, and its national sales agencies including its digital agency, Salem Surround; Digital Media, which provides Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources through the web; and Publishing, which operates a distribution network targeting audiences interested in Christian and family-themed content and conservative news and opinion.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 83rd percentile
(ranked higher than approx. 83% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
