Salem Reduces Size Of Board To Cut Costs

Board Downsized

SALEM MEDIA GROUP, INC. has reduced the size of its Board of Directors to save money. Resigning effective SEPTEMBER 11th were JAMES KEET LEWIS, JONATHAN VENVERLOH, STUART W. EPPERSON JR., and EDWARD C. ATSINGER. Remaining on the board are CEO EDWARD G. ATSINGER, III, STUART EPPERSON, ERIC HALVORSON, RICH RIDDLE, and HEATHER GRIZZLE.

CEO EDWARD G. ATSINGER III said, “The board members’ decisions to resign were not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. During the last few years, SALEM has faced several unique financial headwinds and we are looking for ways to cut costs while not impacting revenue. These resigning board members agreed that a reduction in board fees and travel costs would help improve the bottom line. I am grateful for the service of Messrs. LEWIS, VENBERLOH, EPPERSON JR. and ATSINGER. Their years of service on the board contributed significantly to the impact SALEM is making.”

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