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Salem Media Group Announces the Retirement of Longtime Executive Terry Fahy

1. Terry Fahy, a 43-year executive, is retiring from SALM. 2. Fahy's leadership shaped Christian media across the West Coast. 3. He championed significant community-focused events during his tenure. 4. His retirement could influence local market dynamics and management structure. 5. Fahy will provide consulting for Christian nonprofits post-retirement.

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FAQ

Why Neutral?

While his departure marks a leadership change, the firm's operational structure remains intact, similar to past leadership transitions that didn’t affect stock prices significantly.

How important is it?

The retirement of a long-standing executive can be significant; however, without a clear strategy shift, the impact on stock price may be minimal.

Why Short Term?

Initial market reactions might be muted; however, changes in leadership can change culture or strategy, influencing performance over months.

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AMCXTWNKREED
CAMARILLO, Calif.--(BUSINESS WIRE)--Salem Media Group, Inc. (OTCQX: SALM) announced today the retirement of Terry Fahy, a respected broadcast executive whose remarkable 43-year career with the company has shaped Christian media and local communities across the West Coast.Salem Media Group Announces the Retirement of Longtime Executive Terry FahyShare Terry began his career with Salem in 1982 as General Manager of KDAR-FM and quickly rose through the ranks to hold key leadership roles that have defined multiple generations of Christian radio. His roles have included General Sales Manager at KKLA-FM, Market Manager for Los Angeles, and Regional Vice President overseeing major markets such as Seattle, Sacramento, San Francisco, Oxnard, San Diego, and most recently, Honolulu. Since 2024, he has also served as Regional General Manager for Honolulu and Oxnard. “Terry’s vision, integrity, and deep commitment to Salem’s mission have left a lasting mark on everyone who has had the privilege to work with him,” said David Santrella, CEO of Salem Media Group. “His contributions extend beyond radio programming into building meaningful community experiences and nurturing strong leadership in our teams.” Throughout his career, Terry championed impactful events like FishFest, Pastor Conferences, and countless listener experiences, helping to strengthen the spiritual and cultural fabric of the communities Salem serves. Reflecting on his time at Salem, Terry shared: “I am grateful for the opportunities and support Salem’s leadership has afforded me to make a spiritual impact in Southern California and other West Coast markets. I also treasure the talented and hard-working broadcast and media professionals I have had the privilege to work alongside. I am proud of what we accomplished, not only on air but also with our community events. Many people hope to look back on their careers with a sense of purpose and accomplishment. By God’s grace that has been my experience and privilege at Salem.” Terry’s dedication has been matched by the steadfast support of his family. His wife of 43 years, Cindy, their sons Brian and Garrett, their wives, and six beloved grandchildren have been a bedrock throughout his journey. In retirement, Terry looks forward to spending more time with them and offering consulting support to nonprofit Christian ministries. Please join us in congratulating Terry Fahy on his exceptional career and well-deserved retirement. Terry’s final day with Salem will be May 30, 2025. About Salem Media Group, Inc.: Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners, readers and viewers numbering in the millions nationally. With its unique content focus, Salem provides compelling audio and video programming, text content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com. More News From SALEM MEDIA GROUP, INC.

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