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Salem Communications Declares Q4 Dividend
Salem Communications Corporation announced that its Board of Directors has declared a dividend for the fourth quarter of 2012 in the amount of $0.035 per share of its Class A and Class B common stock. The cash dividend will be paid on December 28, 2012 to all common stockholders of record as of December 14, 2012.
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and conservative opinion radio content, as measured by the number of stations and audience coverage. Upon completion of all announced transactions, the company will own and/or operate a national portfolio of 99 radio stations in 38 markets, including 61 stations in 22 of the top 25 markets.
Salem also owns Salem Radio Network, a national radio network that syndicates talk, news and music programming to approximately 2,300 affiliated radio stations and Salem Media Representatives, a national media advertising sales firm with offices across the country. (11-29-12)
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