Salem Communications Declares Fourth Quarter 2012 Dividend
CAMARILLO, CA, Nov 29, 2012 (Menafn - MARKETWIRE via COMTEX) --Salem Communications Corporation SALM, a leading U.S.radio broadcaster, Internet content provider, and magazine and bookpublisher targeting audiences interested in Christian andconservative opinion content, announced that its Board of Directorshas declared a dividend for the fourth quarter of 2012 in the amountof 0.035 per share of its Class A and Class B common stock. The cashdividend will be paid on December 28, 2012 to all common stockholdersof record as of December 14, 2012.
Salem Communications Corporation is the largest commercial U.S. radiobroadcasting company that provides programming targeted at audiencesinterested in Christian and conservative opinion radio content, asmeasured by the number of stations and audience coverage. Uponcompletion of all announced transactions, the company will own and/oroperate a national portfolio of 99 radio stations in 38 markets,including 61 stations in 22 of the top 25 markets. We also programthe Family Talk(TM) Christian-themed talk format on SiriusXM Channel131.
Salem also owns Salem Radio Network, a national radio network thatsyndicates talk, news and music programming to approximately 2,300affiliated radio stations and Salem Media Representatives, a nationalmedia advertising sales firm with offices across the country.
In addition to its radio broadcast business, Salem owns an Internetand a publishing division. Salem Web Network is a provider of onlineChristian and conservative-themed content and streaming and includeswebsites such as Christian faith focused Christianity.com, Questionsand Answers about Jesus Christ at Jesus.org, Christian living focusedCrosswalk.com(R), online Bible at BibleStudyTools.com, Christianvideos at GodTube.com, a leading website providing church media atWorshipHouseMedia.com and Christian radio ministries online atOnePlace.com. Additionally Salem owns conservative news leaderTownhall.com(R) and conservative political blog HotAir.com, providingconservative commentary, news and blogging. Salem Publishing(TM)circulates Christian and conservative magazines such as Homecoming(R)The Magazine, YouthWorker Journal(TM), The Singing News, FaithTalkMagazine, Preaching and Townhall Magazine(TM). Xulon Press(TM) is aprovider of self publishing services targeting the Christianaudience.
Evan D. Masyr
SOURCE: Salem Communications Corporation
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