Salem Media Group Inc.’s investment publication division, Eagle Financial Publications, has acquired Intelligence Report, a financial strategy newsletter. Terms of the deal were not disclosed.
Described as “the financial and personal security letter,” Intelligence Report has been in circulation for 25 years under editor Richard Young, who recently announced his retirement. The newsletter will be overseen by Jim Woods, editor of Eagle’s newsletters Successful Investing and Weekly ETF Report.
“I am honored and thrilled that Eagle will be the new publisher of Intelligence Report,” Roger Michalski, vice president and publisher of Eagle, said in a statement. “I’m confident that Jim Woods is the right person to take over this prestigious newsletter.”
Salem, a Camarillo-based multimedia company, is the country’s largest radio broadcaster of Christian and conservative content. Its digital division owns a number of Christian and conservative websites, such as Christianity.com and RedState.com, while its print arm has published books by Ann Coulter, Newt Gingrich and other well-known conservative authors. Its Eagle Wellness and Eagle Financial divisions offer newsletters and content from experts on health and investment strategy.
Salem stock (SALM) fell 5 cents, or less than 1 percent, on Tuesday to close at $6.05 on the Nasdaq.