Salem Media Group Shrinks Board to Reduce Costs
September 17 2019 - 2:50PM
Business Wire
Salem Media Group, Inc. (Nasdaq: SALM) announced the resignation
of board members James Keet Lewis, Jonathan Venverloh, Stuart W.
Epperson Jr., and Edward C. Atsinger from its Board of Directors
effective September 11, 2019.
Salem Media Group’s Chief Executive Officer, Edward G. Atsinger
III, offered the following comment on these Board resignations:
“The board members’ decisions to resign were not the result of any
disagreement with the Company on any matter relating to the
Company’s operations, policies, or practices. During the last few
years, Salem has faced several unique financial headwinds and we
are looking for ways to cut costs while not impacting revenue.
These resigning board members agreed that a reduction in board fees
and travel costs would help improve the bottom line. I am grateful
for the service of Messrs. Lewis, Venverloh, Epperson Jr. and
Atsinger. Their years of service on the board contributed
significantly to the impact Salem is making.” With these
departures, Salem’s board consists of its founding members Edward
G. Atsinger, III and Stuart Epperson, and Eric Halvorson, Rich
Riddle and Heather Grizzle.
Follow us on Twitter @SalemMediaGrp.
ABOUT SALEM MEDIA GROUP:
Salem Media Group is America’s leading multimedia company
specializing in Christian and conservative content, with media
properties comprising radio, digital media and book and newsletter
publishing. Each day Salem serves a loyal and dedicated audience of
listeners and readers numbering in the millions nationally. With
its unique programming focus, Salem provides compelling content,
fresh commentary and relevant information from some of the most
respected figures across the Christian and conservative media
landscape. Learn more about Salem Media Group, Inc., at
www.salemmedia.com, Facebook and Twitter @SalemMediaGrp.
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version on businesswire.com: https://www.businesswire.com/news/home/20190917006053/en/
Evan D. Masyr Executive Vice President & Chief Financial
Officer (805) 384-4512 evan@SalemMedia.com
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