Salem Going Private: Salem Media, Inc. has announced it has entered into a definitive agreement to be acquired by The Christian Community Foundation, Inc. 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.
Radio Revenue: Local radio is positioned for modest growth in a recovering but competitive advertising market in 2026, as digital platforms drive expansion while traditional over-the-air (OTA) broadcast remains the core strength, according to BIA Advisory Services’ latest U.S. Local Advertising Forecast.
AI Costing Jobs: Broadcasting has been one of the industries hit hardest by artificial intelligence, according to a new report from Wiingy, with U.S. radio and TV jobs falling 36.2% and real wages dropping 19.5% between May 2022 and May 2024.
Media Industry
Dems Want Answers: Two U.S. House Democrats asked Paramount Skydance CEO David Ellison on Tuesday to reveal whether he or the company offered to alter CNN’s coverage of President Donald Trump in exchange for regulatory approval of its tie-up with Warner Bros. Discovery. Reps. Jamie Raskin (D-Md.) and Frank Pallone (D-N.J.) warned that the deal would dangerously concentrate media power and expose more outlets to presidential influence.
Trump Wars: President Donald Trump personally pressed acting Attorney General Todd Blanche to aggressively investigate national security leaks related to the recent U.S.-Israeli military conflict with Iran, including pushing for subpoenas targeting journalists’ records, according to multiple administration officials. Trump delivered his demand during a White House meeting, handing Blanche a stack of printed news articles he viewed as damaging, topped with a sticky note marked “Treason” in Sharpie.
RIP: Joni Lamb, president and co-founder of Daystar Television Network, a major Christian televangelism broadcaster, died Last Thursday. She was 65.
U-S News
Cease Fire On Life Support: As he departed for China on Tuesday, President Trump sought to assuage concerns that the cease-fire with Iran was in peril, telling reporters at TWH “we have Iran very much under control.” But he also reiterated that “we’re either going to make a deal or they’re going to be decimated.” Iran’s government showed no sign of backing down from its hard-line negotiating stance.
War Costs: Defense Secretary Pete Hegseth told lawmakers Tuesday the cost of the war with Iran is now up to $29 billion (up from $25 billion projected just last week), adding that the Trump administration is prepared to escalate the nine week-old conflict "if necessary." The Pentagon is already seeking $1.5 trillion in the next federal budget and more than $200 billion in supplemental funding from Congress amid the war in Iran.
Prices Spike: Consumer prices rose 3.8% in April from a year earlier, a clear impact of higher gas prices since the start of the war with Iran. The figures, reported Tuesday by the Labor Department, surpassed the previous month’s reported increase of 3.3%. Economists had expected inflation of 3.7%. The April increase was the highest in three years.
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