As RBR+TVBR first reported on Thursday (8/16), Salem Media Group is staying true to its word that it would sell off non-essential assets in an effort to raise cash, so it may reinvest in its more profitable properties.
For the third time in 2019, Immaculate Heart Media is picking up properties from the publicly traded company led by Ed Atsinger III. While we knew the markets IHR is getting for its “Relevant Radio” faith-based noncommercial Christian Talk and Teaching network, it is now known what the properties are.
The revelation comes as Salem shares fell to their lowest prices in a decade.
