Salem Media Group’s Chicago Station AM 560 Restructures News and Traffic Operations with Market Veterans

Research, News, and Market Data on Salem Media

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that its Chicago, Illinois station AM 560 The Answer will begin 2022 with an overhaul of its news and traffic operations. For the past 17 years, Mike Scott has anchored newscasts on the station between 5am and noon each weekday. Scott appeared on the station through an agreement between AM 560 and Total Traffic and Weather Network and NBC News Radio. That agreement is not being renewed when it expires at the end of the year.

Effective January 1, 2022, Mike Scott will transition into a full-time position with AM 560 as News Director where he’ll continue to anchor newscasts and will begin handling traffic reporting duties, as well.

“I’m incredibly gratified to be able to continue in my role on the air with AM 560 and Salem Media,” Scott said. “We have some of the best listeners in all of Chicago radio and some of the best on-air talent. I look forward to providing the first look at the day’s news for our audience.”

In addition to continuing in his role on the air with AM 560, Scott will also assume anchoring duties for the Salem Podcast Network’s Daybreak Insider Podcast, which launched in September of 2021.

During his time with AM 560 in Chicago, Scott has also anchored newscasts for Salem’s WWTC-AM 1280 The Patriot in Minneapolis. He previously served as the Chicago City Hall reporter for MetroSource news, beginning in 1999.

Additionally, JoAnn Genette will join AM 560 as an afternoon news anchor through an agreement with Remote News Service. Genette will anchor weekday afternoon newscasts through 6:30pm. Genette has been heard on a number of Chicago stations, including WLIT-FM, WLS-FM, WLS-AM, WBBM-AM, and WKSC-FM, where she was heard in mornings and served as the station’s Public Affairs Director for seven years.

“I’m very excited to have this new role at AM 560 The Answer,” Genette said. “It’s a great fit for me. I’ve always understood the most important element of news is recognizing real people’s lives are attached to these stories.”

Another new addition to AM 560 will be longtime Chicago traffic reporter Jill Urchak who will begin handling afternoon traffic reports. Urchak has spent close to 25 years as a traffic reporter in Chicago, including WGN-AM, WBBM-AM, WSCR-AM, and WLUP-FM, as well as WBBM-TV.

“A big thanks to the management of AM 560 for making me part of their fantastic radio station,” said Urchak. “I look forward to the journey and the opportunities that come with it. I’m super excited!”

“News and traffic are cornerstone elements for our format and for our radio station,” said Jeff Reisman, regional vice president and general manager of AM 560. “Keeping Mike Scott on our team while also adding Joann and Jill solidifies our commitment to serve our audience. We have a team of veteran broadcasters with experience and insight that our listeners can trust.”

AM 560 The Answer is owned and operated by Salem Media Group.

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Jeff Reisman
847-472-8921
jreisman@salemradiochicago.com

Source: Salem Media Group, Inc.

Thursday, December 23, 2021

Harte Hanks (HHS)
New Credit Facility Is Another Big Step Forward

Harte-Hanks is a marketing services company that provides multichannel marketing solutions as well as consulting, data analytics, and strategic assessment. The company’s offerings focus on business-to-business, retail, finance, and automotive segments through digital, social, mobile, and print media offerings. Harte-Hanks strives to develop better customer relationships through its marketing and analytical services for clients. The majority of its revenue is derived from its marketing services in the retail, technology, and consumer brand segments.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

New credit facility. On December 21, 2021, the company announced a $25 million secured revolving credit agreement with Texas Capital Bank. According to the company’s press release, the new line of credit will be used to repay existing debt, invest in growth initiatives, and will be a source of working capital. The credit line is secured by certain subsidiaries of Harte Hanks.


Expanded credit, greater flexibility.  The $25 million line of credit is a significant increase from the company’s existing line of $15 million. Moreover, the credit agreement is for three years, which is longer than the company’s previous agreements. We believe the expansion of the credit line, as well as the agreement’s extended time frame, will allow the company greater financial flexibility …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Harte Hanks Secures a New $25 Million Revolving Line of Credit with Texas Capital Bank

Research, News, and Market Data on Harte Hanks

 

CHELMSFORD, Mass., Dec. 21, 2021 /PRNewswire/ — Harte Hanks, Inc. (HHS) (the “Company”), a leading global customer experience company, today announced that the company has obtained a new $25 million secured revolving line of credit with Texas Capital Bank. This new loan agreement will enhance the Company’s strategic position and increase its financial flexibility.

The Company intends to use the credit facility for working capital, to repay existing debt and to create growth opportunities by investing in and enhancing our current client offerings. The credit facility will be guaranteed by various subsidiaries of the Company.

“We are pleased to work with Texas Capital Bank on this new credit facility that affords Harte Hanks additional financial flexibility as we continue to grow our business and enhance long-term shareholder value,” stated Brian Linscott, our Chief Executive Officer. Linscott went on to state, “This new facility is the next step in the Company’s strategy to ensure financial stability. The new facility eliminated the need for a third-party guarantee which demonstrates the success the Company has had in executing on its turnaround plan.”

About Harte Hanks:

Harte Hanks (HHS) is a leading global customer experience company whose mission is to partner with clients to provide them with CX strategy, data-driven analytics and actionable insights combined with seamless program execution to better understand, attract, and engage their customers.

Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, Harte Hanks has a proven track record of driving results for some of the world’s premier brands including Bank of America, GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx, Midea, Sony and IBM among others. Headquartered in Austin, Texas, Harte Hanks has over 2,500 employees in offices across the Americas, Europe and Asia Pacific. For more information, visit hartehanks.com.

As used herein, “Harte Hanks” or “the Company” refers to Harte Hanks, Inc. and/or its applicable operating subsidiaries, as the context may require. Harte Hanks’ logo and name are trademarks of Harte Hanks.

Note Regarding Forward-looking Statements

Our press release contains “forward-looking statements” within the meaning of U.S. federal securities laws. All such statements are qualified by this cautionary note, provided pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements other than historical facts are forward-looking and may be identified by words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “seeks,” “could,” “intends,” or words of similar meaning. These forward-looking statements are based on current information, expectations and estimates and involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from what is expressed in or indicated by the forward-looking statements. In that event, our business, financial condition, results of operations or liquidity could be materially adversely affected and investors in our securities could lose part or all of their investments. These risks, uncertainties, assumptions and other factors include: (a) local, national and international economic and business conditions, including (i) the outbreak of diseases, such as the COVID-19 coronavirus and new variants thereof, which has curtailed travel to and from certain countries and geographic regions, created supply chain disruption and shortages, disrupted business operations and reduced consumer spending, (ii) market conditions that may adversely impact marketing expenditures and (iii) the impact of economic environments and competitive pressures on the financial condition, marketing expenditures and activities of our clients and prospects; (b) the demand for our products and services by clients and prospective clients, including (i) the willingness of existing clients to maintain or increase their spending on products and services that are or remain profitable for us, and (ii) our ability to predict changes in client needs and preferences; (c) economic and other business factors that impact the industry verticals we serve, including competition and consolidation of current and prospective clients, vendors and partners in these verticals; (d) our ability to manage and timely adjust our facilities, capacity, workforce and cost structure to effectively serve our clients; (e) our ability to improve our processes and to provide new products and services in a timely and cost-effective manner though development, license, partnership or acquisition; (f) our ability to protect our facilities against security breaches and other interruptions and to protect sensitive personal information of our clients and their customers; (g) our ability to respond to increasing concern, regulation and legal action over consumer privacy issues, including changing requirements for collection, processing and use of information; (h) the impact of privacy and other regulations, including restrictions on unsolicited marketing communications and other consumer protection laws; (i) fluctuations in fuel prices, paper prices, postal rates and postal delivery schedules; (j) the number of shares, if any, that we may repurchase in connection with our repurchase program; (k) unanticipated developments regarding litigation or other contingent liabilities; (l) our ability to complete anticipated divestitures and reorganizations, including cost-saving initiatives; (m) our ability to realize the expected tax refunds; (n) the realization of any benefits that may be derived from listing the Company’s common stock on Nasdaq and (o) other factors discussed from time to time in our filings with the Securities and Exchange Commission, including under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020 which was filed on March 24, 2021. The forward-looking statements in this press release are made only as of the date hereof, and we undertake no obligation to update publicly any forward-looking statement, even if new information becomes available or other events occur in the future.

Investor Relations Contact:
Rob Fink
FNK IR
HRTH@fnkir.com
646-809-4048

SOURCE Harte Hanks, Inc.

Harte Hanks Secures a New $25 Million Revolving Line of Credit with Texas Capital Bank

Research, News, and Market Data on Harte Hanks

 

CHELMSFORD, Mass., Dec. 21, 2021 /PRNewswire/ — Harte Hanks, Inc. (HHS) (the “Company”), a leading global customer experience company, today announced that the company has obtained a new $25 million secured revolving line of credit with Texas Capital Bank. This new loan agreement will enhance the Company’s strategic position and increase its financial flexibility.

The Company intends to use the credit facility for working capital, to repay existing debt and to create growth opportunities by investing in and enhancing our current client offerings. The credit facility will be guaranteed by various subsidiaries of the Company.

“We are pleased to work with Texas Capital Bank on this new credit facility that affords Harte Hanks additional financial flexibility as we continue to grow our business and enhance long-term shareholder value,” stated Brian Linscott, our Chief Executive Officer. Linscott went on to state, “This new facility is the next step in the Company’s strategy to ensure financial stability. The new facility eliminated the need for a third-party guarantee which demonstrates the success the Company has had in executing on its turnaround plan.”

About Harte Hanks:

Harte Hanks (HHS) is a leading global customer experience company whose mission is to partner with clients to provide them with CX strategy, data-driven analytics and actionable insights combined with seamless program execution to better understand, attract, and engage their customers.

Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, Harte Hanks has a proven track record of driving results for some of the world’s premier brands including Bank of America, GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx, Midea, Sony and IBM among others. Headquartered in Austin, Texas, Harte Hanks has over 2,500 employees in offices across the Americas, Europe and Asia Pacific. For more information, visit hartehanks.com.

As used herein, “Harte Hanks” or “the Company” refers to Harte Hanks, Inc. and/or its applicable operating subsidiaries, as the context may require. Harte Hanks’ logo and name are trademarks of Harte Hanks.

Note Regarding Forward-looking Statements

Our press release contains “forward-looking statements” within the meaning of U.S. federal securities laws. All such statements are qualified by this cautionary note, provided pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements other than historical facts are forward-looking and may be identified by words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “seeks,” “could,” “intends,” or words of similar meaning. These forward-looking statements are based on current information, expectations and estimates and involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from what is expressed in or indicated by the forward-looking statements. In that event, our business, financial condition, results of operations or liquidity could be materially adversely affected and investors in our securities could lose part or all of their investments. These risks, uncertainties, assumptions and other factors include: (a) local, national and international economic and business conditions, including (i) the outbreak of diseases, such as the COVID-19 coronavirus and new variants thereof, which has curtailed travel to and from certain countries and geographic regions, created supply chain disruption and shortages, disrupted business operations and reduced consumer spending, (ii) market conditions that may adversely impact marketing expenditures and (iii) the impact of economic environments and competitive pressures on the financial condition, marketing expenditures and activities of our clients and prospects; (b) the demand for our products and services by clients and prospective clients, including (i) the willingness of existing clients to maintain or increase their spending on products and services that are or remain profitable for us, and (ii) our ability to predict changes in client needs and preferences; (c) economic and other business factors that impact the industry verticals we serve, including competition and consolidation of current and prospective clients, vendors and partners in these verticals; (d) our ability to manage and timely adjust our facilities, capacity, workforce and cost structure to effectively serve our clients; (e) our ability to improve our processes and to provide new products and services in a timely and cost-effective manner though development, license, partnership or acquisition; (f) our ability to protect our facilities against security breaches and other interruptions and to protect sensitive personal information of our clients and their customers; (g) our ability to respond to increasing concern, regulation and legal action over consumer privacy issues, including changing requirements for collection, processing and use of information; (h) the impact of privacy and other regulations, including restrictions on unsolicited marketing communications and other consumer protection laws; (i) fluctuations in fuel prices, paper prices, postal rates and postal delivery schedules; (j) the number of shares, if any, that we may repurchase in connection with our repurchase program; (k) unanticipated developments regarding litigation or other contingent liabilities; (l) our ability to complete anticipated divestitures and reorganizations, including cost-saving initiatives; (m) our ability to realize the expected tax refunds; (n) the realization of any benefits that may be derived from listing the Company’s common stock on Nasdaq and (o) other factors discussed from time to time in our filings with the Securities and Exchange Commission, including under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020 which was filed on March 24, 2021. The forward-looking statements in this press release are made only as of the date hereof, and we undertake no obligation to update publicly any forward-looking statement, even if new information becomes available or other events occur in the future.

Investor Relations Contact:
Rob Fink
FNK IR
HRTH@fnkir.com
646-809-4048

SOURCE Harte Hanks, Inc.

Edward G. Atsinger III Transitions to Executive Chairman of the Board of Salem Media Group; David Santrella to Chief Executive Officer and David Evans to Chief Operating Officer

 

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that Edward G. Atsinger III, Salem’s current Chief Executive Officer, will transition to the newly created role of Executive Chairman of the Board of Directors effective January 1, 2022. Additionally, its Board of Directors has appointed David Santrella to become Chief Executive Officer. Currently Mr. Santrella serves as the company’s President of Broadcast Media. In addition David Evans, Salem’s current President of Digital Media and Publishing, will be promoted to the position of Chief Operating Officer. Finally, Stuart W. Epperson, Salem’s current Chairman, will resign from Salem’s Board of Directors effective January 1, 2022, transitioning to the position of Chairman Emeritus, and Stuart W. Epperson, Jr. will join the Board of Directors, filling the vacancy created by Mr. Epperson Senior’s resignation. These changes reflect the Board’s ongoing succession planning and are designed to provide leadership continuity as the company continues to execute its strategic initiatives.

Since founding Salem in 1974, Mr. Atsinger, along with his brother-in-law Mr. Epperson, has grown the company from a single radio station into America’s leading multimedia company specializing in Christian and conservative content. He has been a driving force in Salem’s mission to serve the Company’s audiences nationwide with content that is unavailable through mainstream media channels. As Executive Chairman, Mr. Atsinger will be chairman of the Board, assuming leadership of the board of directors while providing oversight and guidance to both the CEO and COO. Mr. Atsinger will continue to be engaged full-time and focus more of his attention on macro strategy and planning, M&A, external relationships, government affairs and leadership development. This will allow the company to continue to benefit from Mr. Atsinger’s decades of experience and skills.

“I am pleased to serve as Executive Chairman and to oversee the succession to the next generation of leadership of our company. I am looking forward to working with the executive team to continue Salem’s vitally important mission of serving the media needs of the audiences interested in Christian content and public policy programming with a traditional conservative focus,” said Mr. Atsinger. “With Salem well-positioned for continued growth into the future, now is the right time to take the next step in implementing our long-term leadership transition. We have a tremendously talented, deep and dedicated leadership team at Salem. David Santrella and David Evans each have played a critical role in developing and executing the strategy in place today, and I am confident they have the vision, skills, experience and capabilities necessary to provide continued leadership of Salem well into the future.”

Mr. Atsinger concluded, “Most of all, I am blessed to lead our talented and dedicated team. I am extremely proud of Salem’s employees and personalities who create and distribute the content that allows us to serve our loyal and dedicated audience of listeners, readers, and now viewers. It is this talented team that has allowed Salem to become the business it is today. Building and expanding this platform over nearly 50 years has been and will continue to be the focus of my life’s work.”

Mr. Santrella said, “I am deeply honored to have been appointed as Salem’s next CEO. I look forward to working in close partnership with David Evans to take advantage of the tremendous opportunities that exist in today’s media landscape, to further the mission of our company and to grow our business. I am blessed that I will have Ed alongside me in my new role.”

Mr. Evans said, “I am looking forward to working together with Dave and the rest of our talented leadership team as we further combine traditional media and digital media in new transformative ways. We have a substantial and passionate audience that accesses our content and brands in many ways and we’re focused on ensuring they can enjoy it and engage with us across multiple platforms.”

Mr. Epperson, who has served as Salem’s Chairman of the Board of Directors since going public, said, “Our Board of Directors has engaged in thoughtful long-term succession planning, and today’s announcement demonstrates the strength of that process as well as the depth of talent at the executive management level to drive the company’s continued growth and success. I am confident that David Santrella and David Evans are perfectly qualified to continue working with Edward and the rest of the management team to build on our success and drive Salem into the next phase of its growth.”

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Evan D. Masyr
Executive Vice President and Chief Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group, Inc.

Entravision Raises Over $2.1 Million for Children’s Miracle Network Hospitals

 

 

SANTA MONICA, Calif.–(BUSINESS WIRE)– Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, and Children’s Miracle Network^® announced today that together they successfully raised over $2.1 million in the 14^th Annual Radiothon event. The Radiothon with the theme “Un Millón Para Los Niños” (One Million for the Children) ran from December 9^th through December 11^th and was promoted across 34 of Entravision’s owned and operated broadcast stations.

“I would like to extend a sincere thank you to our listeners, personalities and teams at Entravision and Children’s Miracle Network Hospitals for their contributions to this year’s Radiothon,” said Jeffery Liberman, Entravision’s President and Chief Operating Officer. “Entravision takes pride in giving back to our local communities, and we are proud to again work hand-in-hand with Children’s Miracle Network Hospitals to further this mission. We are excited to continue this successful partnership in the future.”

“During a time when our hospitals are struggling with the many challenges brought on by the pandemic, our 14-year partnership with Entravision has proven to be invaluable,” said Danny Garcia, National Director Hispanic Media Partners for Children’s Miracle Network. “These funds will help ensure that local children’s hospitals across the country have the necessary resources to help kids in many communities. Entravision’s amazing team once again delivered by motivating their generous audience and making this Radiothon a total success. I can’t thank Entravision enough for helping us to make miracles happen for local kids!”

Entravision’s 72-hour 2021 Children’s Miracle Network® Radiothon coverage ran on 14 different radio programs, including Erazno y la Chokolata, Alex “El Genio” Lucas and El Show del Raton! and El Show de Piolín. Entravision also promoted the Radiothon with a multimedia campaign starting December 2^nd which included QR code embedded television and hourly radio promos, display banners, a custom website, social media posts and videos across Entravision Radio and Noticias Ya social networks, as well as a toll-free number to make donations. Entravision’s 24 Univision affiliate TV stations ran nightly news stories and features on all three days of the campaign.

Children’s Miracle families participated in studio during the three-day event sharing their stories and experiences with Children’s Hospitals, further driving the public interest and donations. The donations collected came in from every single state in the country, including Hawaii and Alaska, and those donations will be earmarked to their local children’s hospitals to help fund critical treatments, healthcare services, pediatric medical equipment and charitable care, as well as to provide treatment to low-income patients. Over the past 14 years, Entravision viewers and listeners have raised more than $28 million for Children’s Miracle Network^® Hospitals.

About Children’s Miracle Network Hospitals

Children’s Miracle Network Hospitals^® raises funds for 170 children’s hospitals that support the health of 10 million kids each year across the U.S. and Canada. Donations go to local hospitals to fund critical life-saving treatments and healthcare services, along with innovative research, vital pediatric medical equipment, child life services that put kids’ and families’ minds at ease during difficult hospital stays and financial assistance for families who could not otherwise afford these health services. When we improve the health of all children and allow them the opportunity to reach their full potential, we also improve our communities for years to come. Together, we can change kids’ health. Together, we can change the future. To learn about Children’s Miracle Network Hospitals and your local children’s hospital, visit cmnhospitals.org.

About Entravision Communications Corporation

Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe, Asia and Africa. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of five core businesses: Entravision Digital, Smadex, Entravision-Cisneros Interactive, MediaDonuts, and 365 Digital. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Entravision-Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. 365 Digital is a digital advertising solutions provider that offers exclusive sales representations with major global platforms in South Africa. Beyond digital, Entravision has 53 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 46 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

Kimberly Esterkin
Addo Investor Relations
evc@addo.com
310-829-5400

Source: Entravision Communications Corporation

Entravision Raises Over $2.1 Million for Children’s Miracle Network Hospitals

 

 

SANTA MONICA, Calif.–(BUSINESS WIRE)– Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, and Children’s Miracle Network^® announced today that together they successfully raised over $2.1 million in the 14^th Annual Radiothon event. The Radiothon with the theme “Un Millón Para Los Niños” (One Million for the Children) ran from December 9^th through December 11^th and was promoted across 34 of Entravision’s owned and operated broadcast stations.

“I would like to extend a sincere thank you to our listeners, personalities and teams at Entravision and Children’s Miracle Network Hospitals for their contributions to this year’s Radiothon,” said Jeffery Liberman, Entravision’s President and Chief Operating Officer. “Entravision takes pride in giving back to our local communities, and we are proud to again work hand-in-hand with Children’s Miracle Network Hospitals to further this mission. We are excited to continue this successful partnership in the future.”

“During a time when our hospitals are struggling with the many challenges brought on by the pandemic, our 14-year partnership with Entravision has proven to be invaluable,” said Danny Garcia, National Director Hispanic Media Partners for Children’s Miracle Network. “These funds will help ensure that local children’s hospitals across the country have the necessary resources to help kids in many communities. Entravision’s amazing team once again delivered by motivating their generous audience and making this Radiothon a total success. I can’t thank Entravision enough for helping us to make miracles happen for local kids!”

Entravision’s 72-hour 2021 Children’s Miracle Network® Radiothon coverage ran on 14 different radio programs, including Erazno y la Chokolata, Alex “El Genio” Lucas and El Show del Raton! and El Show de Piolín. Entravision also promoted the Radiothon with a multimedia campaign starting December 2^nd which included QR code embedded television and hourly radio promos, display banners, a custom website, social media posts and videos across Entravision Radio and Noticias Ya social networks, as well as a toll-free number to make donations. Entravision’s 24 Univision affiliate TV stations ran nightly news stories and features on all three days of the campaign.

Children’s Miracle families participated in studio during the three-day event sharing their stories and experiences with Children’s Hospitals, further driving the public interest and donations. The donations collected came in from every single state in the country, including Hawaii and Alaska, and those donations will be earmarked to their local children’s hospitals to help fund critical treatments, healthcare services, pediatric medical equipment and charitable care, as well as to provide treatment to low-income patients. Over the past 14 years, Entravision viewers and listeners have raised more than $28 million for Children’s Miracle Network^® Hospitals.

About Children’s Miracle Network Hospitals

Children’s Miracle Network Hospitals^® raises funds for 170 children’s hospitals that support the health of 10 million kids each year across the U.S. and Canada. Donations go to local hospitals to fund critical life-saving treatments and healthcare services, along with innovative research, vital pediatric medical equipment, child life services that put kids’ and families’ minds at ease during difficult hospital stays and financial assistance for families who could not otherwise afford these health services. When we improve the health of all children and allow them the opportunity to reach their full potential, we also improve our communities for years to come. Together, we can change kids’ health. Together, we can change the future. To learn about Children’s Miracle Network Hospitals and your local children’s hospital, visit cmnhospitals.org.

About Entravision Communications Corporation

Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe, Asia and Africa. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of five core businesses: Entravision Digital, Smadex, Entravision-Cisneros Interactive, MediaDonuts, and 365 Digital. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Entravision-Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. 365 Digital is a digital advertising solutions provider that offers exclusive sales representations with major global platforms in South Africa. Beyond digital, Entravision has 53 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 46 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

Kimberly Esterkin
Addo Investor Relations
evc@addo.com
310-829-5400

Source: Entravision Communications Corporation

Edward G. Atsinger III Transitions to Executive Chairman of the Board of Salem Media Group; David Santrella to Chief Executive Officer and David Evans to Chief Operating Officer

 

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that Edward G. Atsinger III, Salem’s current Chief Executive Officer, will transition to the newly created role of Executive Chairman of the Board of Directors effective January 1, 2022. Additionally, its Board of Directors has appointed David Santrella to become Chief Executive Officer. Currently Mr. Santrella serves as the company’s President of Broadcast Media. In addition David Evans, Salem’s current President of Digital Media and Publishing, will be promoted to the position of Chief Operating Officer. Finally, Stuart W. Epperson, Salem’s current Chairman, will resign from Salem’s Board of Directors effective January 1, 2022, transitioning to the position of Chairman Emeritus, and Stuart W. Epperson, Jr. will join the Board of Directors, filling the vacancy created by Mr. Epperson Senior’s resignation. These changes reflect the Board’s ongoing succession planning and are designed to provide leadership continuity as the company continues to execute its strategic initiatives.

Since founding Salem in 1974, Mr. Atsinger, along with his brother-in-law Mr. Epperson, has grown the company from a single radio station into America’s leading multimedia company specializing in Christian and conservative content. He has been a driving force in Salem’s mission to serve the Company’s audiences nationwide with content that is unavailable through mainstream media channels. As Executive Chairman, Mr. Atsinger will be chairman of the Board, assuming leadership of the board of directors while providing oversight and guidance to both the CEO and COO. Mr. Atsinger will continue to be engaged full-time and focus more of his attention on macro strategy and planning, M&A, external relationships, government affairs and leadership development. This will allow the company to continue to benefit from Mr. Atsinger’s decades of experience and skills.

“I am pleased to serve as Executive Chairman and to oversee the succession to the next generation of leadership of our company. I am looking forward to working with the executive team to continue Salem’s vitally important mission of serving the media needs of the audiences interested in Christian content and public policy programming with a traditional conservative focus,” said Mr. Atsinger. “With Salem well-positioned for continued growth into the future, now is the right time to take the next step in implementing our long-term leadership transition. We have a tremendously talented, deep and dedicated leadership team at Salem. David Santrella and David Evans each have played a critical role in developing and executing the strategy in place today, and I am confident they have the vision, skills, experience and capabilities necessary to provide continued leadership of Salem well into the future.”

Mr. Atsinger concluded, “Most of all, I am blessed to lead our talented and dedicated team. I am extremely proud of Salem’s employees and personalities who create and distribute the content that allows us to serve our loyal and dedicated audience of listeners, readers, and now viewers. It is this talented team that has allowed Salem to become the business it is today. Building and expanding this platform over nearly 50 years has been and will continue to be the focus of my life’s work.”

Mr. Santrella said, “I am deeply honored to have been appointed as Salem’s next CEO. I look forward to working in close partnership with David Evans to take advantage of the tremendous opportunities that exist in today’s media landscape, to further the mission of our company and to grow our business. I am blessed that I will have Ed alongside me in my new role.”

Mr. Evans said, “I am looking forward to working together with Dave and the rest of our talented leadership team as we further combine traditional media and digital media in new transformative ways. We have a substantial and passionate audience that accesses our content and brands in many ways and we’re focused on ensuring they can enjoy it and engage with us across multiple platforms.”

Mr. Epperson, who has served as Salem’s Chairman of the Board of Directors since going public, said, “Our Board of Directors has engaged in thoughtful long-term succession planning, and today’s announcement demonstrates the strength of that process as well as the depth of talent at the executive management level to drive the company’s continued growth and success. I am confident that David Santrella and David Evans are perfectly qualified to continue working with Edward and the rest of the management team to build on our success and drive Salem into the next phase of its growth.”

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Evan D. Masyr
Executive Vice President and Chief Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group, Inc.

Tuesday, December 21, 2021

Salem Media (SALM)
A Blueprint For A Smooth Succession

Salem Media Group is America’s leading radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values. In addition to its radio properties, Salem owns Salem Radio Network, which syndicates talk, news and music programming to approximately 2700 affiliates; Salem Radio Representatives, a national radio advertising sales force; Salem Web Network, a leading Internet provider of Christian content and online streaming; and Salem Publishing, a leading publisher of Christian themed magazines. Salem owns and operates 115 radio stations, with 73 stations in the nation’s top 25 top markets – and 25 in the top 10. Each of our radio properties has a full portfolio of broadcast and digital marketing opportunities.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Senior management changes. The company announced changes to its management team and Board of Directors, which will go into effect on January 1, 2022. Edward Atsinger III will be stepping down as CEO and will become an Executive Chairman of the company’s Board of Directors, while Stuart Epperson, Sr. will be stepping down as Chairman of the Board. Stuart Epperson, Jr. will fill the vacancy on the board left by Stuart Epperson, Sr. David Santrella, who is currently the company’s President of Broadcast Media, will assume the role of CEO and David Evans, current President of Digital Media and Publishing, will become COO.


A strong succession plan.  Both Mr. Santrella and Mr. Evans have over a decade of experience at the company and bring deep understanding of Salem’s mission to their new roles. We believe they are logical choices to lead the operations of the company going forward. Moreover, they will have the invaluable resource of Edward Atsinger, who will be staying on as an Executive Chairman, which offers a …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Popular Ethereum Book to Become a Feature Film with Financing by an NFT Collection

 

During the height of Covid lockdowns in 2020, an ex-Bloomberg digital asset and emerging market journalist named Camila Russo wrote a fast-paced, intriguing history of crypto-currency, which goes far to enhance the reader’s understanding of all the many crypto players. It accomplishes this with the entertainment value and intrigue that some have compared to Michael Lewis’ The Big Short.

The name of her book is The Infinite Machine: How an Army
of Crypto-hackers Is Building the Next Internet with Ethereum. There is a movie based on the book in the works. The producers are funding much of it by selling NFTs. The NFT collection will be released on December 14.

The Infinite Machine NFT Collection sale has two goals: to help fund the filming of the history of Ethereum and to use Ethereum’s underlying technology to surface artists from emerging nations, whose voices could benefit from amplification in the NFT space, but for whom NFTs have become a life-changing tool.

About the Collection

According to a press release dated December 6, the NFT collection, is a colorful explosion of Ethereum logos produced by emerging artists, offered at a flat price of 0.275 ETH, with a discount for whitelisted addresses, which will be mostly sourced from the project’s open Discord server. Holders will have the chance to receive movie-related perks linked to their NFTs, and future airdrops as production are underway.

It will be the first major NFT collection where at least 90% will represent the Ethereum octahedron. It’s also unique in its use for financing a related production and its aim to become a platform for global emerging artists.

 

Image: The works will feature the octahedron now most associated with the Ethereum logo

Artists

The Infinite Machine NFT Collection is a collaborative effort by 40 artists mainly from countries where decentralization has a major impact on residents lives and finances: Cuba, Argentina, Venezuela, Kenya, Australia, Bolivia, Chile, Colombia, Croatia, Honduras, India, Mexico, Spain, and the US. Each artist is creating a 1/1 piece representing their vision of Ethereum or decentralization values and 10 versions of the Ethereum logo. Each of the versions of the ETH logo is then divided into 4 quadrants to be programmatically combined with each other, creating 10,499 unique ETH logo mosaics representing the combined visions of these emerging artists.

 

The Movie

The Infinite Machine movie aims to be the first dramatized feature-length film about crypto, leveraging Ethereum technology and NFTs to fund its production and turn its audience into a community. With A-list actors, it aims to draw in a mainstream audience to cinemas and streaming services worldwide. The story behind Ethereum has all the elements needed for a blockbuster hit that will inspire the new generation.

The movie will be produced by Alejandro Miranda of Versus Entertainment, a Spanish audiovisual production and distribution company, and a US-based production company soon to be announced. Camila Russo, the book’s author and founder of DeFi content platform The Defiant, and Francisco Gordillo, co-founder of crypto hedge fund Avenue Investment, are executive producers. Russo, Gordillo and Miranda are spearheading the NFT collection, while Santiago Siri, founder of the UBI Protocol and hacktivist at the Democracy Earth initiative, is an advisor.

 

Sources:

https://www.theinfinitemachinemovie.com/

https://discord.com/channels/904414525783171122/904414525783171125

The Infinite Machine Movie & Collection Marketing Team

https://www.amazon.com/Infinite-Machine-Crypto-hackers-Building-Internet-ebook/dp/B07X8HS2WC

https://app.qwoted.com/press_releases/the-infinite-machine-nft-collection-to-drop-in-two-weeks

https://thedefiant.io/

https://www.theinfinitemachinemovie.com/

 

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Salem Media Group to Present at the Upcoming 16th Annual Singular Research Best of the Uncovered Investor Conference

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM), announced today that it will present at the 16^th annual Singular Research Best of the Uncovered Investor Conference on December 9, 2021 at 10:15 A.M. Central Time. The presentation will be available on the investor relations portion of the company’s website www.salemmedia.com prior to the company’s presentation.

ABOUT SINGULAR RESEARCH:

Singular Research aims to be the most trusted supplier of independent, trusted, single-sources research on small-to-micro cap companies to the small-to-medium sized Hedge Fund manager. Singular Research provides quarterly updates for 40 to 70 companies and makes recommendations.

Singular strives to achieve goals by finding under or overvalued securities. Singular’s goal is to provide initiation reports and quarterly updates for approximately 40 micro to small cap companies. In most cases, Singular analysts research companies that are not covered by any other firms.

Singular provides honest advice. Independent analysts have no financial interest in the stocks covered. Analysts are compensated based on the accuracy of their research calls not through trading commissions or potential deal flow.

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Evan D. Masyr
Executive Vice President and Chief
Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group, Inc.

Salem Media Group to Present at the Upcoming 16th Annual Singular Research Best of the Uncovered Investor Conference

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM), announced today that it will present at the 16^th annual Singular Research Best of the Uncovered Investor Conference on December 9, 2021 at 10:15 A.M. Central Time. The presentation will be available on the investor relations portion of the company’s website www.salemmedia.com prior to the company’s presentation.

ABOUT SINGULAR RESEARCH:

Singular Research aims to be the most trusted supplier of independent, trusted, single-sources research on small-to-micro cap companies to the small-to-medium sized Hedge Fund manager. Singular Research provides quarterly updates for 40 to 70 companies and makes recommendations.

Singular strives to achieve goals by finding under or overvalued securities. Singular’s goal is to provide initiation reports and quarterly updates for approximately 40 micro to small cap companies. In most cases, Singular analysts research companies that are not covered by any other firms.

Singular provides honest advice. Independent analysts have no financial interest in the stocks covered. Analysts are compensated based on the accuracy of their research calls not through trading commissions or potential deal flow.

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Evan D. Masyr
Executive Vice President and Chief
Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group, Inc.

Wednesday, December 01, 2021

Entravision Communications (EVC)
Operating On All Eight Cylinders

Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision owns and/or operates 53 primary television stations and is the largest affiliate group of both the top-ranked Univision television network and Univision’s TeleFutura network, with television stations in 20 of the nation’s top 50 Hispanic markets. The Company also operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Fireside chat highlights. This report highlights a virtual non deal road show in a fireside chat format with Christopher Young, Entravision’s CFO. The video of the discussion may be found here on Channelchek.com. The wide ranging discussion included topics such as M&A opportunities; its fast growing Digital businesses; Capital Allocation, given its high free cash flow conversion (90%) and strong balance sheet; its Univision relationship, spectrum auction prospects; and, current revenue pacing trends, among others.


Still a growth industry.  While many media companies, including Entravision, are diversifying outside of traditional radio and television broadcasting, management believes that its terrestrial broadcast businesses offer growth, given its orientation on the growing Hispanic community. While Auto as a category may be slow to come back, the company has developing other ad categories, including sports …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.