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Salem Communications (SALM) owns 86 radio stations devoted to Christian Contemporary Music and Christian Talk Radio. The company went public in 1999 at $22.50/share and currently trades at about that level. SALM is an acquisition and leverage story and trades on an EBITDA multiple basis. The company's stock has broad coverage by Wall Street but trades typically less than 100,000 shares per day. | ||||||||||||||
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