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October 28, 2004 | From Associated Press
Christian radio station KGBI-FM will be sold by Grace University in a $10-million deal to Salem Communications Corp., the nation's leading radio broadcaster of religious and family-themed programming. Camarillo-based Salem's deal for KGBI includes a cash payment and a promotional package for Grace, a nondenominational Christian university in Omaha. Grace has owned and operated the radio station since May 1966.
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BUSINESS
October 28, 2004 | From Associated Press
Christian radio station KGBI-FM will be sold by Grace University in a $10-million deal to Salem Communications Corp., the nation's leading radio broadcaster of religious and family-themed programming. Camarillo-based Salem's deal for KGBI includes a cash payment and a promotional package for Grace, a nondenominational Christian university in Omaha. Grace has owned and operated the radio station since May 1966.
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BUSINESS
August 26, 2000 | Bridge News
Salem Communications Corp. said it has acquired eight radio stations from radio broadcast company Clear Channel Communications for about $185.6 million. Salem Communications, a religious and family radio broadcaster, said that the stations acquired are KEZY-AM (1190) and KXMX-FM (95.9) in Anaheim; KDGE-FM (94.5) in Dallas; KALC-FM (106) in Denver; WKNR-AM (1220) and WRMR-AM (850) in Cleveland; and WBOB-AM (1160) and WYGY-FM (96.5) in Cincinnati.
BUSINESS
August 26, 2000 | Bridge News
Salem Communications Corp. said it has acquired eight radio stations from radio broadcast company Clear Channel Communications for about $185.6 million. Salem Communications, a religious and family radio broadcaster, said that the stations acquired are KEZY-AM (1190) and KXMX-FM (95.9) in Anaheim; KDGE-FM (94.5) in Dallas; KALC-FM (106) in Denver; WKNR-AM (1220) and WRMR-AM (850) in Cleveland; and WBOB-AM (1160) and WYGY-FM (96.5) in Cincinnati.
CALIFORNIA | LOCAL
December 14, 1999 | BARBARA MURPHY
One Place Ltd., a subsidiary of Salem Communications Corp. in Camarillo, has acquired ICRN.com, a Christian media network, from the Domain Group. Terms of the transaction were not disclosed. Salem is a provider of radio, electronic and printed resources targeted to the Christian market. When combined with Salem Communications' Christian portal, OnePlace.com, this acquisition expands OnePlace's broadcast ministries to 120 from 60, more than double the size of its nearest competitor.
CALIFORNIA | LOCAL
August 24, 1999 | BARBARA MURPHY
Salem Communications Corp. of Camarillo, the nation's eighth-largest radio broadcasting company, announced that its family-oriented Internet portal, OnePlace, has reached an agreement to have its programming carried by RealNetworks. RealNetworks develops and markets software products that enable personal computer users to send and receive live or recorded audio, video and other multimedia services using the Web.
CALIFORNIA | LOCAL
November 16, 1999 | BARBARA MURPHY
In its quest to be the leader in Christian broadcasting, OnePlace.com of Camarillo has purchased GospelMedia.com of Tulsa, Okla., one of the first companies to offer live audio and video on the Internet. The acquisition brings the number of OnePlace's ministries to 60. Since the first live Internet broadcast of "Washington for Jesus" in 1996, GospelMedia.com has been streaming audio and video over the Internet for Christian ministries around the world.
BUSINESS
May 6, 2003
* WorldCom Inc., which plans to exit bankruptcy protection this year under the name MCI, is raising residential long-distance telephone rates again as it tries to stem a 14% decline in sales. * Spiegel Inc., a catalog retailer that filed for bankruptcy protection in March, said it would fire 635 workers in Washington state as it closes a customer service center and trims staff at its headquarters and Eddie Bauer unit. * Pfizer Inc.
CALIFORNIA | LOCAL
August 31, 1999 | BARBARA MURPHY
Salem Communications Corp. in Camarillo has entered into agreements to operate three additional radio stations with the proceeds of its $140-million initial public offering completed June 30. President and Chief Executive Edward G. Atsinger III said the company anticipates more acquisitions by the end of the year. Salem owns 46 radio stations, including 34 that broadcast to 19 of the top 25 markets.
BUSINESS
July 1, 1999 | Bloomberg News
Among new and recent California public offerings Wednesday: * Camarillo-based Salem Communications Corp. (ticker: SALM), which operates religious radio stations, sold 8.4 million shares at $22.50, higher than the expected range of $19 to $21, in a deal led by Deutsche Banc Alex. Brown and ING Baring Furman Selz. Redwood City-based Clarent Corp. (CLRN), meanwhile, sold 4 million shares at $15, the top of its expected range, in a deal led by Credit Suisse First Boston. * Seminis Inc.
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