Salem Media Goes Private as Acquisition by WaterStone Consummated
Salem Media completes its acquisition by The Christian Community Foundation, Inc. which does business as WaterStone. Salem Media now a private company. WaterStone acquired all outstanding shares of Salem Media common stock for $1.00 per share, representing approximately a 250% premium over Salem’s trading price prior to the announcement of the transaction. The companies say, “The partnership brings together two organizations 
with a shared commitment to Christian ministry and faithful stewardship. As a private company, Salem will continue operating its radio, digital, streaming, podcasting, television and publishing platforms while working with WaterStone to pursue new opportunities for investment and growth.” Salem CEO David Santrella adds, “This is an exciting day for Salem and the beginning of an important new chapter for our company. Salem enters this partnership with strong momentum, an extraordinary portfolio of talent and brands, and more ways than ever to reach audiences across the country. With WaterStone alongside us, we are positioned to invest for the future while remaining firmly committed to the mission that has guided this company from the very beginning.”
on September 10 (produced by Spero Pictures and directed by award-winning filmmaker Matthew Thayer) that explores the religious question: Does God still speak through prophets today? The film includes one of the final recorded interviews with Charlie Kirk that was filmed just weeks before his death. In the interview, Kirk reflects on the role of biblical prophecy and spiritual discernment. You can watch the official trailer at SalemNOW.com.
For the second quarter of 2026, Salem’s net revenue was $45.9 million, a decrease of 15.2% from the same period in 2025. On the plus side, Salem’s net loss for the quarter was $3.4 million, a dramatic 81% decline from the $17.6 million net loss it reported a year ago. By segment for the quarter, Salem’s broadcast advertising revenue was $17.85 million, a dip of 11.3% compared to Q2 of 2025; broadcast programming revenue was $34.3 million, a decline of 6.3%; and digital revenue was $32.7 million, a decrease of 12.5%.
Rogers found largely absent in mainstream outdoor media.” Tommy Lynch serves as director of content acquisition for LifeAudio and he says, “LifeAudio is thrilled to welcome Christian Outdoors to the network – it’s a whole new niche for us, opening the door to hunting, fishing, and outdoor content rooted in faith. It’s the kind of authentic conversation that resonates in trucks, on job sites, and around campfires, and we can’t wait to see where it takes us.” Rogers comments, “‘Christian Outdoors’ is excited and humbled to be the newest member of the LifeAudio Network. Joining this respected team will enable us to continue to reach folks and share our passion for the outdoors and Jesus in one place. Being part of LifeAudio will enable us to reach more believers with the good news of Jesus.”
end. My job was eliminated Friday, July 24th. I was at Salem for a total of 25 years. I worked there twice. I assisted getting KNTH on the air as the latest news/talk station in November 2004. I met many great people while there. I had great staff, too. One of the biggest thrills was producing the Sam Malone Show, as well as his sidekick. JP Pritchard along with Tom Fontaine contributed to the success of the show. Good times; great oldies.”
its growing library of films, documentaries, specials, and original programming. SalemNOW general manager Rob Ellis comments, “We’re excited to partner with Kappa Studios and bring their outstanding programming to SalemNOW. This collaboration strengthens our commitment to offering audiences exceptional faith-based and conservative content that informs, inspires, and entertains while continuing to grow the SalemNOW platform.”
helped shape Salem Surround into the business it is today through his commitment to our people, our clients, and our local markets. We’re incredibly grateful for everything he’s contributed and wish him the very best in his retirement.” The company says that Christian Kligora, senior director of multimedia sales, will assume interim leadership of Salem Surround’s revenue organization. Additionally, Salem says that William Cosey and Jonathan Greer will continue leading Salem Surround’s operations, fulfillment, and client execution, ensuring continuity for customers, vendors, sales teams, and internal stakeholders.
years. Salem CEO David Santrella says, “Linnae has earned the respect of people across this company and throughout our industry. She knows our business inside and out and has been a driving force behind Salem’s success for more than three decades. Her leadership has made a lasting impact across Salem, and I’m excited to see her take on this expanded role.” Also effective October 1, Jeff Reisman becomes EVP of operations overseeing operational leadership across Salem’s local broadcast markets nationwide. About Reisman Santrella says, “Jeff is a 
trusted leader in our company and has spent more than two decades serving Salem with excellence. He understands what makes our local markets successful and has spent years building strong teams and helping people grow. I am confident he will continue to strengthen our broadcast operations and help keep Salem moving forward.” The company adds that in conjunction with these leadership changes, Mark Durkin, senior vice president, Jeff Mitchell, regional vice president, and Chad Gammage, regional vice president, will also assume expanded responsibilities supporting Salem.
Salem Media CEO David Santrella states, “Allen and I have worked together for nearly 25 years in a variety of roles at Salem. His leadership, his ability to inspire those around him, and his incredible understanding of our business will be missed. Beyond his business accomplishments, he has led with integrity, humility, and a genuine commitment to serving others. While we will miss his daily leadership, we are grateful that he will continue serving Salem as a senior advisor.” Power looks back at his career saying, “Fifty years ago today, on June 15, 1976, I started my first job in broadcasting. I have spent more than half of my career at Salem and it has been such a blessing to devote my efforts to spreading the message of the gospel through broadcasting. I am grateful to the Atsinger and Epperson families, Joe Davis, Dave Santrella and my many wonderful Salem colleagues and ministry partners. After five decades of hard work, the next chapter will be about investing my time and gifts in faith, family, and worthwhile organizations. After a sabbatical, I will decide where and how to do that.” Salem says it will announce additional leadership appointments and succession plans in the coming weeks.
and media personality Jason Jackson Jr. as its first client. Salem Media CEO David Santrella states, “For years, we’ve worked alongside some of the most influential voices in media. Many of them are looking for more than platform monetization. They want a partner who not only understands their audience and shares their values but also has the experience to help them continue building their brands. Launching SCA is a natural next step for us.” SCA managing director Andrew Samalot adds, “As we’ve worked alongside creators over the last several years, we’ve seen firsthand that the most successful talent aren’t just building social media audiences – they’re building brands, businesses, and platforms that extend far beyond any single channel. Our role is to help them identify those opportunities, navigate them strategically, and surround them with representation they can trust as they continue growing their influence and impact.”
designed to meet listeners throughout their daily lives. Salem SVP David Bingham comments, “As we’ve seen strong engagement with ‘Your Nightly Prayer,’ we recognized a natural opportunity to serve our audience even more deeply. ‘Your Nightly Scripture’ is the perfect companion for listeners who want to end their day not only in prayer but grounded in God’s Word. At night, when many people are still carrying the stress and noise of the day, Scripture has a unique way of bringing peace, calm, and renewed perspective.”
Through the partnership, Salem Media and Compel Studios will bring the film to audiences nationwide through streaming platforms, churches, and Salem’s extensive multimedia network.” SalemNOW general manager Rob Ellis adds, “By Dawn’s Early Light is exactly the kind of meaningful and culturally relevant storytelling that resonates deeply with our audience. We’re excited to partner with Compel Studios to help expand the film’s reach and bring its message to viewers across the country.”
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. 
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.
morning program on Cumulus Media’s WMAL-FM, Washington, DC. O’Connor also serves as editor of Salem’s Townhall.com. Salem says, “By aligning O’Connor’s leadership role at Townhall.com with his national radio and television presence – and his growing digital footprint – Salem is further strengthening its integrated, cross-platform content strategy. This move positions O’Connor at the forefront of conservative political discourse while reinforcing Salem Media’s role as a leading destination for news, commentary, and influential voices.” Salem SVP of content Phil Boyce adds, “Larry is the go-to media voice for the people shaping policy in our nation’s capital. He’s built a show insiders rely on and an audience that cares deeply about the direction of the country. We’re proud to 
expand that success across our national lineup, leading the conversation every morning across America.” O’Connor says, “We’re excited to bring ‘O’Connor & Company’ to a broader national audience while maintaining the strong foundation and audience connection the show has built in Washington. At the same time, we’re building the future of media across radio, streaming, and digital platforms with Townhall and the Salem News Channel. Salem’s integrated vision aligns perfectly with my work across platforms, including my daily streaming show “LARRY,” and makes this an incredibly exciting next chapter. I’m also thrilled that my longtime collaborator and executive producer Heather Hunter will continue with the program as we expand nationwide.”
directly within Roku’s Live TV guide, allowing viewers to discover as they browse and begin watching instantly. Salem News Channel VP and general manager Cary Pahigian says, “This is a significant expansion of Salem News Channel’s reach, which already increased viewership by over 178% this year. Being part of The Roku Channel opens the door for entirely new audiences to discover the unique news and opinion that SNC provides.” This news comes two weeks after Salem announced Salem News Channel is joining Amazon Prime Video’s free, ad-supported TV (FAST) channel. 
Salem Media is adding “That KEVIN Show” starring Kevin McCullough to three of its owed-and-operated stations. A combination of the Monday-Friday show and the live Saturday edition are joining the program schedule at KDXE, Little Rock; KSLR, San Antonio; and KNTH, Houston. The program is now heard on 419 affiliate stations. 
all departments who are eager to succeed and chase new opportunities in both terrestrial radio – local and national – and our booming digital business. Between AM 970 with legendary morning man Joe Piscopo, WMCA-NY’s Premier Christian Talk, Salem Radio Network with key hosts like Mike Gallagher and Scott Jennings, Salem Podcast Network, Salem News Channel, Salem Influencer Network, Salem Surround, and more! We have an exciting impactful platform at a flourishing company! Come join us! Email your resume and interest to general manager, Laura Sheaffer 
in Los Angeles Superior Court, he says he “still had some feeling and ability to move his toes” but was “otherwise unable to move his limbs and/or breathe on his own” when he was admitted to Cedars-Sinai. Prager accuses the staff at Cedar Sinai of failing to routinely turn him over and as a result he developed stage four pressure ulcers. The suit charges that the other two facilities “failed to take steps to adequately treat the pressure wounds. He claims his wife Susan begged Rancho Los Amigos staff to perform ostomy surgery so that Prager would not be in constant danger of sepsis, but Rancho Los Amigos refused.” The suit adds, “Thus, Prager did not heal, and he continued to be exposed on a daily basis to fecal bacteria pouring into his very deep open wounds.” The suit says his medical costs have exceeded $5 million over the last 13 months, a bill that “continues to grow at a staggering pace with each and every day.” 
audience looking for real-time news and opinion.” Salem News VP and general manager Cary Pahigian adds, “Expanding Salem News Channel onto Prime Video allows us to bring our programming to one of the largest streaming audiences in the world. As more viewers shift to streaming platforms for news and commentary, we are focused on ensuring Salem’s voices and perspectives are available wherever audiences are watching.”
Stuart Epperson Award for Excellence in Christian Media to Dr. David Jeremiah, senior pastor of Shadow Mountain Community Church and founder of Turning Point Ministries. The award, established in 2024, honors the legacy of Salem co-founder and longtime chairman Stuart Epperson, who passed away in July 2023. Epperson co-founded Salem in 1974 with his brother-in-law Edward G. Atsinger III, building what would become a leading Christian and conservative media company.
Church and founder of Turning Point Ministries. Salem CEO David Santrella says, “The Salem Summit Breakfast has become a cornerstone moment at NRB for connection on our shared mission. To see this gathering grow from 100 people to more than 500 is a testament to the hunger leaders have for fellowship and practical wisdom as they navigate a rapidly changing media landscape.”
more than two decades of proven media and advertising leadership, along with deep-rooted relationships throughout the Pittsburgh business community. Salem president of broadcast media Allen Power says, “We are excited to combine Jason’s leadership track record at Salem with Dave’s deep market knowledge of Pittsburgh. They are focused on growing our sales team in the market with a commitment to providing outcome-based solutions for advertisers.” Mosher is based in Salem Media’s Atlanta office. He has been with Salem Media for six years and was recently promoted from regional sales director where he led sales efforts for Pittsburgh, Atlanta and Cleveland.