Salem Media to Be Acquired by WaterStone in Major Growth Deal

CAMARILLO, Calif., May 12, 2026 (GLOBE NEWSWIRE) -- Salem Media, Inc. (OTCQX: SALM) today announced it has entered into a definitive agreement to be acquired by The Christian Community Foundation, Inc., d/b/a WaterStone in a transaction that will take the company private and strengthen Salem’s long-term mission across radio, digital media, streaming, podcasting, television, and publishing. Edward Atsinger III, Salem co-founder and board member, said finding the right long-term steward for the company was a priority. “For the last ten years the Atsinger and Epperson families have been looking for a successor that would continue to carry the torch of...