Camarillo’s Salem Media acquires Retirement Watch
Camarillo-based Christian and conservative radio operator Salem Media Group acquired RetirementWatch.com and Retirement Watch newsletter on April 4.
Salem announced the deal just before markets opened. Retirement Watch offers independent research and advice about retirement planning. The site provides information about the financial aspects of retirement planning: investments, Social Security and estate planning, among others.
Salem owns and operates 116 local radio stations. Most air Christian and conservative-themed radio shows, but recently the company has expanded into Spanish and business stations. Last July, the company expanded into investment newsletters to diversify its revenue stream.
Salem shares closed up 35 cents April 4 to $6.38 per share.
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