Salem Communications today announced that its board of directors has declared a dividend for the third quarter of 2012 in the amount of $0.035 per share of its Class A and Class B common stock. The cash dividend will be paid on September 28, 2012, to all common stockholders of record as of September 14, 2012.
Salem Communications is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and conservative opinion content. Upon completion of all announced transactions, Salem will own and/or operate a nationwide portfolio of 97 radio stations in 37 markets. These include 61 stations in 22 of the top 25 markets in the U.S.
The company also owns the Salem Radio Network, a national radio network that syndicates talk, news, and music programming to approximately 2,000 affiliated radio stations and also programs the Family Talk Christian-themed talk format on SiriusXM Channel 131. Additionally, it owns Salem Media Representatives, a national media advertising sales firm with offices across the country.
In addition to these businesses, Salem Communications owns an internet and publishing division. Salem Web Network is a provider of online Christian and conservative-themed content. Its includes websites such as www.Christianity.com, www.Jesus.org, www.Crosswalk.com, www.BibleStudyTools.com, www.GodTube.com, www.WorshipHouseMedia.com, www.OnePlace.com, www.Townhall.com, and www.HotAir.com. It also circulates Christian and conservative magazines such as HomeComing The Magazine, YouthWorker Journal, The Singing News, FaithTalk Magazine, Preaching Magazine, and Townhall Magazine.
For further information about Salem Communications and its operations, please visit the company’s website at www.salem.cc
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