Salem Media Group (SALM), one of the largest Christian broadcasters in the nation and the only one that is publicly traded, released its results for the three and twelve months ended Dec. 31, 2020.
Salem Media Group, one of the nation’s largest Christian radio broadcasters, and the only one that’s publicly traded, recently announced second quarter financial results.
Moody's Investors Service downgraded Salem Media Group's “corporate family rating” and senior secured notes rating to Caa1 from B3. The future-looking outlook was also lowered from stable to negative. According to Moody’s, any company with a “C” rating is a “poor quality and very high credit ...