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Salem Media Group Announces Purchase Of Wmym 990 Am & 98.7 Fm In Miami

Oct 17, 2022•about 3 years ago

Acquiring Company

Salem Media Group

Acquired Company

WMYM

CamarilloMedia And Entertainment

Description

Salem Media Group, Inc. (NASDAQ: SALM) announced today it has entered into an agreement with Actualidad Media Group, LLC to purchase the assets of WMYM AM 990 and its translator on FM 98.7 (W254DT).

Company Information

Company

Salem Media Group

Location

Camarillo, California, United States

About

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, Salem serves a loyal and dedicated audience of listeners and readers. The company provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed