Salem Communications Offers Structure Changes, Several Interal Promotions: Santrella Named Pres of Broadcast Unit


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Salem CommunicationsCorporation (NASDAQ: SALM) - In October Salem announced that NetworkPresident, Greg Anderson, would be retiring at the end of the year.  In thewake of that announcement Salem has restructured its broadcast divisioncreating new opportunities for several members of its Senior Management staff.Salem Communications LogoEffective January 1, 2015 Salem is consolidating its radio and networkdivisions into one.  Dave Santrella will move from President of the RadioDivision to President of Broadcast Media, adding to his radio divisionresponsibilities the oversight of the Salem Radio Network, SMR/VMR Rep Firm,and a variety of digital assets.In speaking of Santrella's expanded role, Edward Atsinger said, "Our networkand radio divisions overlap in so many ways.  A management consolidationshould produce greater efficiencies and productivity.  This is a case wherethe whole will be equal to more than the sum of its parts.  Five years agoDave was promoted to President of the radio division.  In that capacity he hasbrought creative leadership  to the division absorbing new outlets andimproving productivity and efficiency while recognizing that the media futureis all about convergence of platforms.  Consolidating our radio and networkdivisions is the logical next step in that convergence strategy and Dave isperfectly positioned to lead this consolidated division." On the Radio station side of the operationAllen Power and Linnae Young take on new roles as Senior Vice Presidentsdividing up the oversight of other operational vice presidents, as well asdepartmental managers in ministry relations, digital and business formattedradio properties.Terry Fahy is promoted to an Operational Vice President role overseeing mostof the company's stations west of Phoenix.Other Operational Vice Presidents including Brian Taylor, John Peroyea, DavidRuleman and Mike Moran, all pick up additional station responsibilities.On the Network sidePhil Boyce, Veteran Programmer and current VP, Director Spoken Word formatsfor Salem is promoted to Senior Vice President, Salem Radio Network and SpokenWord Formats.  In his new role Phil will oversee all program and revenueaspects of Salem's News and News Talk Networks including its five Network Talkhosts, the Janet Mefford Show, and SRN News.  Boyce will continue to work withother aspects of Salem's spoken word formats, most notably as a programconsultant for national ministries. Boyce will continue to oversee Salem's NewYork operations.Atsinger said, "There is no-one in America more qualified to bring value tothe Salem Radio Network than Phil Boyce.  Anyone familiar with his backgroundand resume will immediately agree.  I am confident that under the leadershipof Dave and Phil our Network assets will move to new heights building on thesolid foundation made by Greg Anderson who built the network over a 23 yearperiod."Regarding the promotion of Phil Boyce to this role Dave Santrella said, "Philhas proven to be a tremendous and versatile leader.  He's been an enormoushelp to our national ministries and an invaluable consultant to our talknetwork.  Putting Phil over our news and news talk network puts him in hissweet spot and I am thrilled to have him steering this important aspect of ourbroadcast business."Mike Reed and Mike Miller are promoted to Senior Vice Presidents as well, withReed taking on additional responsibilities in the Dallas office's networkoperations and Miller expanding his role in the Network's Music space.Santrella commented on the overall restructure, "So many times companies seemto think the smartest people in the business are at other companies.  It'sinspiring to see that Salem recognizes the talent we already have on board asevidenced through these promotions."  Santrella, Boyce, Reed and Miller will assume these new responsibilities atthe start of the New Year.Follow us on Twitter @SalemCommIR.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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