Catch up on Salem Media’s financial position in our latest earnings analysis.
Publicly traded Christian broadcasting giant Salem Media Group reported a $2 million operating loss in its first-quarter earnings, a significant improvement from $4.1 million a year ago.
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 ...