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CAMARILLO, Calif. - Salem Media Group, Inc. (OTCQX:SALM), a multimedia company with a market capitalization of $25.11 million, announced that Chief Operating Officer David Evans has stepped down from his position effective August 31, 2025. According to InvestingPro data, the company’s stock has delivered an impressive 193% return over the past year.
Evans had been with the company for 25 years, initially joining in 2000 as Chief Financial Officer before serving as President of New Media and ultimately as COO for the past three years.
During his tenure, Evans led Salem’s follow-on offering in 2004 and directed the company’s expansion into digital media. He oversaw the launch and development of four digital properties: Salem Web Network, Salem Church Products, Townhall Media, and Eagle Financial Publications.
"David has been an important part of Salem’s journey and we are deeply grateful for his dedication, professionalism, and leadership over the years," said Chief Executive Officer David Santrella in a press release statement.
Salem co-founder Ed Atsinger noted Evans’ contributions to the company, particularly his role in building the company’s digital media presence.
Salem Media Group describes itself as a multimedia company specializing in Christian and conservative content, operating through a national radio network, digital platforms, and publishing brands.
The company’s stock trades on the OTCQX market under the ticker SALM.
In other recent news, SalMar ASA reported its second-quarter earnings for 2025, showing a significant decrease in operational EBIT to NOK 524 million from NOK 798 million in the previous quarter. Despite the decline in earnings, SalMar successfully completed a merger with Vilskoy, which is an important strategic development for the company. Additionally, SalMar issued two green bonds, reflecting its commitment to sustainable financial practices. These developments have caught the attention of investors and analysts alike. While the earnings report highlighted a drop in operational EBIT, the merger and bond issuance indicate a proactive approach to growth and sustainability. Analyst firms are closely monitoring these moves, as they could have implications for SalMar’s future performance. Investors are advised to keep an eye on further updates from the company as these recent developments unfold.
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