Salem is a for-profit publicly traded corporation that runs several networks of Owned and Operated radio stations – one is purely religious programming using third parties to make the contributions tax deductible even though Salem is not tax exempt. They also run the conservative talk lineup which airs onh their network of mostly AM radio stations, and a modest syndication effort. (Bennett, Gallagher, Medved, Prager, Hewitt…
But in the last few years, Salem started to make money from web sites and book publishing – most well known is Townhall.com
A day or two ago there was a news item that they were buying twitchy.com from Michelle Malkin and today’s news is they are acquiring RedState.com with a lot of PR spin that they are consolidating as many Conservative web sites under their brand as they can. Maybe once that happens, we’ll finall learn the truth about Barack Obmana’s birth certificate (the woman who certified his purported certificate just died in a plane crash!)
Tangentially related, Guardian Angels Founder and Salem radio host Curtis Sliwa was just in court trying to get his child support payments reduced. He claims that he is now making only a small fraction of his former WABC income – he says his income is now only $150k. 10 or 15 years ago, a major market personality would typically make a million dollars.