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Salem Media Group sells Texas headquarters, stops using private jet

Y2kTheNewOldies

Y2kTheNewOldies

thedesk.net

Salem Media Group sells Texas headquarters, stops using private jet

The sale comes amid financial challenges, including a $35 million loss in 2025 and impairment charges tied to underperforming investments.
thedesk.net thedesk.net

Woah but I didn't think they would sell their Texas offices given their decision to move the headquarters from Camarillo, California to Irving, Texas.

Salem Media will lease the first floor of the building, which houses its local radio stations, a television studio and some of its administrative offices, according to documents reviewed by The Desk. The sale of the building is expected to close within the next three months, the company told regulators this week. The buyer was not disclosed.

It is the second time that Salem Media has made a sizable real estate-related transaction involving one of its main administrative offices. In 2024, the company sold its former headquarters in Southern California for $6 million, though it took home $5.5 million from the transaction after agreeing to rent space in the building from the new landlord at a cost of $500,000 per year, according to Inside Radio.

In addition to the sale of its Texas headquarters, Salem Media said it stopped using a private plane last year that was rented from a company called Sun Air Jets, which is owned by former Salem Media Chairman and CEO Edward Atsinger, III. The company last used the private jet in 2024, which resulted in around $30,000 in expenses that year, according to financial disclosures.
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KilowattKat said:
They made the mistake of getting rid of most of their top performing major market FM's that produced revenue. What's left is a bunch of dying, low performance talk/preaching AM stations....and we know where that is headed.
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And somewhere, Robert Conrad is getting the last laugh, as his WCLV still lives on under Ideastream on 90.3, while his old 95.5 was sold off to the grim reapers of radio, EMF.
 
The stations running teaching programs are probably garnering revenue from those, but in the example of Chicago, Salem has talk formatted 560 WIND and Christian 1160 WYLL. I have no idea, but it would seem WYLL would be the more profitable of the two, especially since Audacy is moving WSCR 670 and WBBM 780 to the WYLL site. Maybe someone on this board would have more knowledge about how Salem is doing in the Chicago market.
 
What we are failing to remember is Salem is a radio broadcast company, not a ministry. A plane would certainly a possibility with holdings throughout the country just as it would be iHeart or any other radio company.

Not all Salem stations are Christian formatted. Some are conservative talk or business talk.
 
b-turner said:
What we are failing to remember is Salem is a radio broadcast company, not a ministry. A plane would certainly a possibility with holdings throughout the country just as it would be iHeart or any other radio company.

Not all Salem stations are Christian formatted. Some are conservative talk or business talk.
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The only use/payment mentioned in the article was $30,000 in 2024. For all we know, that’s the only time it was used by Salem. That could have been one one-way flight.

I’m not sure why it’s noteworthy.
 


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