Salem Media Group Announces Plan to Sell Its Salem Church Product Business
Salem Media Group, Inc. (NASDAQ: SALM) announced today that it entered into an agreement to sell its Salem Church Products business to Gloo, LLC for $30 million.
- Salem Media Group, Inc. (NASDAQ: SALM) announced today that it entered into an agreement to sell its Salem Church Products business to Gloo, LLC for $30 million.
- Salem Church Products creates and distributes resources for churches and ministries in the areas of church media, worship, children’s ministry, preaching, teaching and employment through online resources including WorshipHouse Media, SermonSearch, ChurchStaffing, Children’s Ministry Deals and many others.
- Salem’s Chief Operating Officer David Evans said, “We are proud of the Church Products business we have built over the years.
- Any time we look to sell a business, we look for organizations that share our passion and that can take that business to the next level.