Zacks Investment Research downgraded shares of SALEM COMM (SALM) from NEUTRAL to UNDERPERFORM on June 13, 2013, with a target price of $7.00.
Salem Communications Corp. is one of the largest U.S. radio broadcasting companies providing programming targeted at audiences interested in religious and family issues. Traditionally, the company has programmed radio stations with the primary format, talk programming with religious and family themes. This format generally features nationally syndicated and local programs produced by organizations that purchase block program time on the stations. They also program some of the radio stations with news/talk and music formats that complement the primary format.
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