GREEN BAY, Wis., Aug. 15,
2019 /PRNewswire/ -- Relevant
Radio® has entered into an agreement with
Salem Media Group (NASDAQ: SALM) to purchase nine AM stations and
four FM translators in eight markets. Salem Media Group has
agreed to sell stations to Relevant Radio in Boston, Atlanta, Houston, Dallas, San
Antonio, St. Louis,
Denver, and Youngstown for $8,732,125. This transaction, combined with
purchases earlier this year of Salem stations in Washington, D.C., Miami, and Tampa, will allow Relevant Radio to expand its
reach by an additional 60,000,000 persons.
In total, Relevant Radio is purchasing 14 AM stations and 7 FM
translators from Salem for
$17,700,000. The addition of these
new stations will give Relevant Radio overall coverage of
220,000,000 people in the United
States over a network of 163 owned and operated and
affiliate stations.
"We are grateful to God and our supporters that we can reach
more souls with our inspiring and life-changing programs, spreading
a message of hope and peace across America," said Rev. Francis J. Hoffman, Executive Director/CEO of
Relevant Radio. "Salem has a
well-earned reputation of maintaining their stations in excellent
condition and we are fortunate to make this purchase at this time",
said Hoffman.
With the purchase of these stations, Relevant Radio will
broadcast in all top ten markets, and 22 of the top 25 markets,
including New York, Los Angeles, and Chicago. Tom
Vorpahl, Chairman of the Board of Directors, said, "It is
very humbling and rewarding to experience how powerful the message
of the Gospel is and can be to our listeners. We look forward
to continuing our Mission of sharing the Truth and Beauty of the
Church in these new markets."
Mark Jorgenson of Jorgenson
Broadcast Brokerage facilitated the transaction, with Mark Denbo serving Relevant Radio as FCC counsel
and Nicolet Bank of Green Bay, Wisconsin providing the
financing.
The Relevant Radio schedule of popular programs such as The
Patrick Madrid Show, The Drew
Mariani Show™, Father Simon
Says™, Morning Air®, St. Joseph's Workshop, and Family Rosary
Across America®, can be heard on all Relevant
Radio stations as well as online at relevantradio.com, on smart
speakers, and on the Relevant Radio mobile app.
About Relevant Radio®
The Mission of
Relevant Radio is to bring Christ to the world through the
media. Relevant Radio provides LIVE and interactive
programming that brings the Faith into everyday life. By
broadcasting coast-to-coast on 163 Owned and Operated and affiliate
stations, the network reaches 220 million souls. Programming
can also be heard worldwide via streaming audio at
www.relevantradio.com and on the free Relevant Radio mobile
app. Relevant Radio is faithful to the Magisterium and Catechism of
the Catholic Church, united to the Bishops, and under the
protective intercession of the Blessed
Mother.
For a complete list of Relevant Radio Stations and Affiliates,
please visit the website.
Media Contact: Nancy Jensen
920-406-7338
njensen@relevantradio.com
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SOURCE Relevant Radio