Salem Media Group on Friday (6/23) became the third licensee of broadcast radio stations in the U.S. to receive a delisting notice from a financial exchange for failing to meet its requirements for continued trading.
For Salem, the issue is the $1 minimum bid price required for continued listing on the Nasdaq Capital Market, under its rules. But, unlike Audacy Corp. or Urban One, is this more of a technicality than a worry for investors and for those in the executive leadership suite?
