Salem Media is set to go private after agreeing to be bought by WaterStone, in a deal that promises to boost the company’s reach across radio, digital, streaming, podcasting, television, and publishing while offering shareholders a significant premium.

Salem Media announced a planned acquisition by WaterStone that will take the company private and position it for longer-term stability and growth. The deal comes after a period of strategic alignment and prior investments that already gave WaterStone substantial voting influence. Company leaders described the move as built on shared values and a long-term vision for conservative and Christian media.

Executives framed the purchase as a renewal of Salem’s mission rather than a simple ownership change. Leadership emphasized continuity for the company’s lineup of hosts and ministry partners, noting years of audience trust and relationships. The transaction is designed to preserve programming while providing capital and governance to accelerate expansion.

Salem’s recent performance was highlighted as a factor in the deal’s timing, with the company pointing to local radio gains and audience growth despite broader industry headwinds. Company officials contrasted Salem’s positive local radio growth with a declining ad market for many competitors. That performance was used to underline Salem’s resilience and the strategic sense behind the WaterStone investment.

WaterStone’s involvement has not been sudden; it reflects a period of collaboration and investment that created working alignment before finalizing terms. The buyer’s prior preferred stock investments gave it nearly half of the voting interest, indicating an existing stake in Salem’s direction. Executives said that history made the transition smoother and helped build mutual confidence.

Leadership statements stressed mission alignment and long-term stewardship, calling the acquisition a fit with Salem’s founding values. Company founders and board members framed the match with WaterStone as consistent with the organization’s heritage in Christian and conservative media. That rhetoric underlines the cultural and operational continuity both sides expect under the new ownership.

Salem Media, today announced it has entered into a definitive agreement to be acquired by The Christian Community Foundation, Inc., d/b/a WaterStone in a transaction that will take the company private and strengthen Salem’s long-term mission across radio, digital media, streaming, podcasting, television, and publishing.

Under the terms of the agreement, WaterStone will acquire all outstanding shares of Salem Media common stock for $1.00 per share, representing approximately a 250% premium over Salem’s recent trading price.

Edward Atsinger III, Salem co-founder and board member, said finding the right long-term steward for the company was a priority. “For the last ten years the Atsinger and Epperson families have been looking for a successor that would continue to carry the torch of delivering quality Christian and conservative media into the next generation and beyond. When we met with WaterStone, some 24 months ago, we believed it was a divine appointment. WaterStone is deeply aligned with the vision we had when our families founded this company.”

The agreement follows a period of significant momentum for Salem across both broadcast and digital media. While much of the radio industry faced declining advertising revenue of -3.4% in the first quarter, according to Miller Kaplan, Salem posted positive local radio growth of +2.8%, excluding the impact of recently sold stations, outperforming broader industry trends by more than six percentage points through its strong programming, trusted talent, and longstanding relationships with ministries, advertisers, and audiences nationwide.

Salem has also continued expanding its national radio, streaming, and podcast platforms with one of the strongest lineups in conservative media, including voices such as Scott Jennings, Larry O’Connor, Alex Marlow, and Lara Trump, alongside many of the most influential personalities in Christian broadcasting like Greg Laurie, Sean McDowell, Becket Cook, and Kirby Kelly.

David Santrella, Chief Executive Officer of Salem Media, said the partnership was built around long-term alignment and a shared commitment to Salem’s mission. “WaterStone understands who we are and why Salem has mattered for over 50 years,” Santrella said. “This partnership will accelerate our ability to expand the reach of our mission for years to come.”

Over the last 18 months, Salem and WaterStone have worked together on several strategic initiatives tied to the company’s long-term growth and organizational vision. WaterStone’s previous preferred stock investments in Salem gave them 49.5% voting interest in the company.

Today, Salem remains one of the largest Christian and conservative multimedia companies in America, reaching millions of listeners, readers, viewers, and podcast consumers each month through its national radio network, streaming platforms, digital media brands, and publishing platforms.

Richard von Gnechten, Chairman of Salem Media’s Board of Directors and Chief Executive Officer of WaterStone, said the partnership reflects years of shared vision and alignment between the organizations. “This is about building on what makes Salem unique,” von Gnechten said. “Salem has spent decades earning the trust of listeners, ministries, advertisers, and audiences by staying true to its mission. WaterStone believes deeply in that mission and in the people behind it. This partnership gives Salem additional strength and long-term stability while creating new opportunities to expand its reach for the future – which is why we are making this investment.”

The transaction was unanimously approved by Salem’s Board of Directors and is expected to close in August 2026, subject to shareholder and regulatory approvals.

Shareholders were offered a fixed per-share price that reflects a significant premium over recent trading, and the board approved the transaction unanimously. The timeline described points to a closing in August 2026, contingent on routine approvals and regulatory review. Executives said they expect the change to be orderly and to preserve Salem’s role in the conservative and Christian media space.

Looking ahead, the new ownership intends to support expansion across existing platforms while investing in content and distribution. Company leaders highlighted streaming, podcasting, and digital outlets as areas that will see renewed emphasis and resources. The stated goal is steady growth without disrupting the trusted on-air and on-platform voices audiences rely on.

Operational continuity and audience trust were framed as priorities through the transition period, with management promising to maintain program quality and ministry partnerships. The transaction aims to pair Salem’s established reach with WaterStone’s longer-term funding and governance. If all approvals fall into place, the deal would mark the next chapter for a firm that has been a major voice in conservative and Christian media for decades.