Colorado Media Newsroom
December 30th, 2024, 03:14 PM
From Radio Insight:
https://i0.wp.com/radioinsight.com/wp-content/uploads/2018/11/salem.png?resize=200%2C200&ssl=1Salem Media Group has announced a series of transactions that will pay off all of the company’s debt including the sale of seven of their Christian AC stations to Educational Media Foundation.
EMF will acquire Salem’s music stations in Atlanta, Cleveland, Colorado Springs, Dallas, Los Angeles, Porland, and Sacramento for $80 million, plus a $10 million advertising and marketing agreement.
More coming*
more (https://radioinsight.com/headlines/290637/salem-media-group-sells-seven-stations-to-emf-repay-all-debt-with-new-investor/)
https://i0.wp.com/radioinsight.com/wp-content/uploads/2018/11/salem.png?resize=200%2C200&ssl=1Salem Media Group has announced a series of transactions that will pay off all of the company’s debt including the sale of seven of their Christian AC stations to Educational Media Foundation.
EMF will acquire Salem’s music stations in Atlanta, Cleveland, Colorado Springs, Dallas, Los Angeles, Porland, and Sacramento for $80 million, plus a $10 million advertising and marketing agreement.
More coming*
more (https://radioinsight.com/headlines/290637/salem-media-group-sells-seven-stations-to-emf-repay-all-debt-with-new-investor/)