Salem Media acquisition by WaterStone closes, company goes private at $1 per share
Reuters2026/08/20 17:54Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- 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.
0
0
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.
You may also like
Ripple Enters $10 Billion Private Credit Market: What It Means for XRP
UToday•2026/08/20 19:57
Exodus Movement CTO Matias Olivera sells 5,670 shares for $41,778.89
Reuters•2026/08/20 19:49
Matthews International director J. Michael Nauman acquires $2,198 of common shares
Reuters•2026/08/20 19:47
Dream Industrial REIT declares August monthly distribution of $0.05979 per unit
Reuters•2026/08/20 19:39
