Salem Buys Eagle Publishing
January 13, 2014 at 4:21 AM (PT)
SALEM COMMUNICATIONS CORPORATION's latest acquisition of conservative media brings EAGLE PUBLISHING, owner of book publisher REGNERY PUBLISHING, HUMANEVENTS.COM, and REDSTATE.COM, and sister EAGLE FINANCIAL PUBLICATIONS and EAGLE WELLNESS into the SALEM fold for an undisclosed price.
SALEM President/CEO ED ATSINGER said, "EAGLE is one of the most influential companies in the conservative media space. Its addition to SALEM brings together a unique portfolio of conservative media properties and fits with our strategy of integrating traditional media and new media assets all serving the same target audience. The opportunity we like most about this acquisition is that each of EAGLE's businesses matches up so well with SALEM's extensive media platform. With 102 radio stations and a dozen major national websites all targeting the conservative community, this provides a perfect marketing platform to promote EAGLE's products to a wider audience."
EAGLE Owner and Chairman TOM PHILLIPS said, "It is hard to believe more than 20 years have passed since I started EAGLE PUBLISHING. Our dedicated employees can be proud they built EAGLE PUBLISHING into a company that has helped shape American public discourse through hard-hitting news, dozens of best-selling books, popular political websites, profitable investment advice, and leading-edge health solutions."
EAGLE President JEFF CARNEAL added, "When we made the decision to sell the company, we knew we wanted to find a strong buyer that would fully embrace TOM's important vision. Of the several interested suitors, SALEM provided the best opportunity for our employees, customers, and brands. SALEM's unique assets and strong management will ensure a bright future for the EAGLE companies and take the combined company to a new level of success and influence."