Religious acquisitions.Camarillo-based Salem Communications Salem Communications (NASDAQ: SALM) is a media company specializing in religious and conservative talk radio which operates in the United States, with 99 U.S. commercial radio stations (pending acquisitions) that are primarily concentrated in the nation's biggest markets, Corp. said it has agreed to acquire Xulon Press, a premier on-demand digital publisher of books targeting the Christian audience. Print-on-demand allows books to be stored electronically and printed only as they are ordered. The technology reduces the need for large inventory and warehousing. "This acquisition is an opportunity for Salem to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. our core radio, Internet and magazine platform, yet continue to serve our niche," said Jim Cumbee, president of Non-Broadcast Media for Salem Communications. Tom Freling, chief executive of Xulon, will join Nashville-based Salem Publishing Salem Publishing, a division of Salem Communications is the publisher of CCM Magazine, and other magazines formerly published by CCM Communications. The organization publishes a variety of magazines, including CCM, Singing News, Preaching, as general manager of Xulon Press. Also last week, Salem purchased American Ministry Resources LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which publishes a magazine and Web sites for ministers. |
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