A Shareholder Shift At Salem Requires A Regulatory OK

As 2024 came to a close, RBR+TVBR shared the details about how Colorado Springs-headquartered Waterstone has emerged as a major shareholder of publicly traded Salem Media Group. Now, paperwork has been filed with the Commission seeking its approval of an arrangement that sees Waterstone gain some $40 million worth of preferred shares in the media company focused on secular and non-secular spoken word programming.