Salem Media Net Revenue Falls 11.2%
Salem Media reveals its operating results for the first quarter of 2026 and reports net revenue of $45.9 million, a decline of 11.2% from the same period in 2025. For Q1, Salem is reporting a net loss of $2.57 million, down from the net loss of $7.1 million it reported during the first quarter of 
2025. Looking at Salem’s business segments, the company reports Broadcast Programming Revenue (from local and national block programming) of $17.2 million in Q1 of 2026, while Broadcast Advertising Revenue (national & local spot, network advertising) was $9.27 million during the quarter. Meanwhile, Salem’s total digital revenue for the period was $18.1 million. Salem Media announced this week that it is in the process of being acquired by WaterStone in a stock purchase deal that will take the company private.
For years, Harrison Legal Group has informed media creators about the legal risks of using copyrighted clips, songs, images, and broadcasts without permission. The issue became central enough to inspire my book, Playing the Clip: The Definitive Digital Media Creator’s Guide to Fair Use (TALKERS Books, 2026). The premise was straightforward: modern media runs on borrowed material, but borrowing comes with legal exposure.
SVP, Sport Studio & Entertainment since 2023. ESPN president of content Burke Magnus states, “In his nine years with ESPN, Mike has continually demonstrated his collaborative leadership style and excellent organizational and management skills, as well as his boundless vision, innovation and creativity. I am confident that he will continue to do so in his new role and help make us better every day.” The company says Foss will continue collaborating closely with “The Pat McAfee Show” and he will oversight of ESPN’s Creative Content Unit and Studio Enhancement Team.
available to radio hosts and producers free of charge. Kaye says, “I built this for me. I needed a faster way to break down what the media was actually saying versus what they were leaving out. Then I showed it to a few people. Then a few more. And it hit me. Every American deserves this tool. Not just hosts. Not just journalists. Everyone.” Kaye says RightPen.ai’s signature feature is the trademark Red Pen Correction Tool, which marks up news articles and headlines the way an English teacher marks up a bad essay. Bias gets circled. Spin gets crossed out. Missing context gets added in. The corrections appear directly on the article itself. Hosts or producers interested can reach out to Mark Kaye at 
policy, and geopolitical risk into clear, Main Street common sense. In each episode, Yates draws on his decades of experience across government, policy, and advisory roles to break down how decisions are made at the highest levels, and what they mean for the United States and the world.” Yates comments, “The world comes at you fast, not just at the White House, but at your house. My pledge to you in each episode is to deliver concise, experience-driven insight into how decisions are made at the highest levels, what they mean for the United States, and what they mean for your world.”
says, “This summer’s World Cup will be the biggest yet, with more teams than ever competing as the U.S. Men’s National Team takes the global stage on home soil, and we’re thrilled to partner with FOX Sports to bring this monumental tournament to our combined audiences. This partnership allows us to deliver complete, live coverage at an unprecedented scale, reaching fans wherever they are – at home, in the car or on the go – and connecting them to the passion and unforgettable moments of the World Cup.”
this deal will “strengthen Salem’s longterm mission across radio, digital media, streaming, podcasting, television, and publishing.” Company co-founder and board member Edward Atsinger III says, “For the last 10 years the Atsinger and Epperson families have been looking for a successor that would continue to carry the torch of delivering quality Christian and conservative media into the next generation and beyond. When we met with WaterStone some 24 months ago we believed it was a divine appointment. WaterStone is deeply aligned with the vision we had when our families founded this company.” Richard von Gnechten is chairman of Salem Media’s board of directors and president of WaterStone. He comments, “This is about building on what makes Salem unique. Salem has spent decades earning the trust of listeners, ministries, advertisers, and audiences by staying true to its mission. WaterStone believes deeply in that mission and in the people behind it. This partnership gives Salem additional strength and longterm stability while creating new opportunities to expand its reach for the future – which is why we are making this investment.” This deal is expected to close in August, subject to shareholder and regulatory approvals.
adds that it recorded operating income of $7.7 million in the first quarter of 2026, compared to an operating loss of $0.3 million in Q1 of 2025. The increase in operating income was driven primarily by the sale of its Fort Myers stations. Beasley also reported net income of approximately $3.2 million compared to a net loss of $2.7 million, reported a year ago. Beasley CEO Caroline Beasley comments, “While first quarter results continued to reflect pressure in certain legacy advertising categories and an uneven pace of recovery across our markets, we made meaningful progress against the strategic priorities we outlined over the past year. Importantly, we continue to see strong momentum in digital, particularly in our owned and operated products, which grew year-over-year on a same station basis and now represent an increasingly important contributor to both revenue quality and long-term profitability. Markets with stronger digital adoption continue to demonstrate greater revenue stability, reinforcing our confidence in the long-term direction of the business.”
These are scary times. People on all sides of the mic are on the front lines. Not just “them,” otherwise referred to as the audience. We try to fool ourselves into thinking that society and civilization are relatively “safe.” However, simply being alive and stepping outside in the morning, turning on the computer, or checking the annoyingly smart phone, puts us smack dab in the middle of a war. Literally and figuratively. But like so much else in this modern era, this war lacks foundation.
Club at an awards ceremony held last Friday (5/8). Snowden’s award-winning investigation centered on a high-profile TikTok personality and party promoter who organized a massive West Side gathering despite explicit police warnings regarding potential violence. The event, which drew nearly 1,000 attendees, was followed by three separate shootings that left two people dead. Sylvia’s report revealed the promoter was a Chicago Public Schools employee; her continued coverage tracked his initial suspension with pay and his eventual return to the classroom following a district investigation.
Audio Group continued its strong momentum, with revenues up 18% year over year, slightly ahead of our guidance, while our Podcasting revenues grew 26.9% compared to prior year, above our guidance. We are announcing a new savings initiative that will generate an additional $50 million of annualized savings, in addition to our previously announced $100 million of in-year 2026 savings, as well as now paying minimal cash taxes in 2026, which we expect will have a $150 to $200 million impact over the next 3 years. And today we are reaffirming our Full Year Adjusted EBITDA guide of $800 million and our Free Cash Flow guide of $200 million.” The company is also expecting the increase in programmatic revenue to be some $200 million (+50%) during 2026. 
could not have anticipated today’s streaming options. This resolution reflects growing concern that sports programming is increasingly fragmented across exclusive digital platforms, forcing fans to purchase multiple subscriptions, maintain reliable broadband access and navigate a maze of services just to follow their favorite teams. It calls on congress to assess whether these evolving distribution practices are covered under the law, serve the public interest and preserve broad fan access to sports programming.” NAB president and CEO Curtis LeGeyt says, “We commend the state broadcasters associations for their leadership and engagement on this important issue. Local television remains the only universally available video platform in America, delivering live sports, trusted local news, emergency information and essential public service to every community. Policymakers should put fans first and ensure that the future of sports distribution preserves broad access through free, local broadcast television.”
broadcasting is at its best when it informs, connects and serves the community. Our goal is to provide timely, relevant information that keeps the Spokane-Coeur d’Alene metropolitan area well informed, whether it’s breaking news, traffic slowdowns, severe weather or the stories shaping our region each day.” Nelson adds, “After more than 25 years in Spokane broadcasting, I’ve seen how important live and local news is when people need it most. News Radio KBNW is built to be present at the start and end of every weekday, delivering reliable information people can depend on, along with engaging and entertaining talk programs the rest of the broadcast day.” The two say the news staff will consist of Steve Wilke, Joe Paisley, Erich Ebel and Scott Carlon. Talk programs will include: Dave Ramsey, Mike Gallagaher, Lars Larson, and Armstrong & Getty. 
Jay Clark was the first program director of WABC as a talk station. He set the tone and path for modern talk radio. This week I had Jay on as a special guest on the Red Apple Audio Networks all night show, “The Other Side of Midnight.” We celebrated the anniversary, May 10, (1982) of WABC’s switch from music to talk on the giant signal at 770 AM.
format in America. KGO was the killer biller in San Francisco. The execs who ran them were mighty proud: Ben Hoberman, Ed McLaughlin, Al Racco, Chuck Debere. Yes, they ran those stations, but they also invented the caller-driven talk format. There were other winning talk stations, but they were guest centric rather than listener centric (i.e. WOR, WGN). At the time, there were 43 stations listed as “talk” stations. 43. Not many models.
District race today (5/12) from 5:00 pm to 6:00 pm. The forum featuring candidates State Rep. Chris Rabb, Dr. Ala Stanford and State Sen. Sharif Street is being moderated by WURD Radio hosts Dr. James Peterson, Joann Bell and Solomon Jones. on Tuesday, May 12, from 5–6 p.m. during a special edition of Evening WURDs. The station will also host a live remote Election Night Special on Tuesday, May 19, from 5:00 pm to 8:00 pm from Honeysuckle on Broad St. 
journalist Lars Sivertsen will join ‘The KickAround’ in studio for the duration of the World Soccer coverage alongside the show’s long-standing hosts, Andy Swift and Peter Welpton. KTCK program director Jeff Catlin states, “This is our fourth year to cover World Soccer with expanded programming on ‘The KickAround.’ Interest this year is at an all-time high with key tournament games being played in Dallas-Fort Worth. ‘The KickAround’ will be a destination for Ticket listeners and both soccer fans and casuals.”
dcast and an extension of The Breakfast Club’s popular “Front Page News” radio segment. Black Effect says host Mimi Brown expands her on-air coverage of the most-talked-about news stories each weekday into easily digestible 10-to-12-minute episodes that will give listeners more of the headline-making details they crave.
a decline of 7.9% from last year and broadcast advertising revenue was $38.6 million, down 6.6% from the same period a year ago. Townsquare Media CEO Bill Wilson comments, “With our digital growth engine driving our performance, each year our business mix continues to shift to a greater percentage of both digital revenue and profit. In the first quarter, 59% of our total revenue and 63% of our total Segment Profit was generated from our differentiated digital solutions – each our highest percentages ever. Our Digital Advertising revenue returned to high-single digit revenue growth in Q1, which we believe will continue throughout the year due to the consistent performance of our digital programmatic offering and the success of our Media Partnership division; the strong revenue growth of the direct sales of our local owned and operated digital properties; and the stabilization of our online audience and remnant revenue. I would also like to highlight Townsquare Interactive’s strong profit performance, with Segment Profit margin of 34% in Q1, representing year-over-year margin expansion.” The company also announced that its board of directors approved a quarterly cash dividend of $0.20 per share payable on August 3, 2026 to shareholders of record as of the close of business on July 27, 2026.
company outside of the New York City market. The station is currently airing a news/talk format of local, syndicated and brokered programming. Local air personalities include the daily morning show hosts Hank Stolz and Ben White (“Talk of the Commonwealth”) and longtime New England talk host Frankie Boyer who is heard in middays. Red Apple will assume operations under a local marketing agreement until the deal closes. Red Apple and Catsimatidis have made no indication of the company’s intent for future programming. 
1300” in New Haven. iHeartMedia SVP of programming Dylan Sprague says, “Michael’s energy, passion and leadership make him a strong fit to lead our Sports and Talk portfolio in Hartford and New Haven. These are powerful brands and we’re excited to build on their success under Michael’s leadership.” Johnson comments, “I am thrilled to begin this next chapter at iHeart. Sports fans are passionate and engaged. I am eager to grow all of the stations, deepen the connections with listeners and continue expanding our digital presence.”
Jason Reddick’s The Complete Guide to AI Side Hustles is aimed at beginners trying to build passive income. But read it through a broadcaster’s lens and it suggests a blueprint for how radio talent and podcasters can leverage AI to expand their influence, diversify revenue, and stay indispensable in a media economy that rewards relevance and speed.
a is reporting a net loss of $2.4 million for the quarter compared to the net loss of $1.6 million it reported in Q1 of 2025. Saga paid a quarterly dividend of $0.25 per share on March 20, 2026. The aggregate amount of the quarterly dividend was approximately $1.6 million. With payment of this most recent declaration Saga will have paid over $145 million in dividends to shareholders since the first special dividend was paid in 2012.
