Salem Media acquisition by WaterStone closes, company goes private at $1 per share

Reuters2026/08/20 17:54

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WaterStone completed its acquisition of Salem Media, taking the company private.
WaterStone bought all outstanding common shares for USD 1 per share, a roughly 250% premium to the pre-announcement price.
Salem will continue operating its radio, digital, streaming, podcasting, television, and publishing businesses under private ownership.
The deal pairs Salem with WaterStone, positioning the media group for long-term investment while maintaining its Christian and conservative focus.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Salem Media Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608201354PRIMZONEFULLFEED9813775) on August 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Salem Media acquisition by WaterStone closes, company goes private at $1 per share

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